Planned giving is a term that describes the thoughtful designation of a gift that will be made some time in the future, usually at the end of the donor’s life. When members remember Epiphany in their wills, trusts, retirement accounts, life insurance designations, or other assets, they are providing support to Epiphany’s mission and ministries in the future.
If you have any questions about planned giving, please contact Bonnie Kissler, chair of the Endowment Committee.
PLANNED GIVING OPTIONS
A Bequest in a Will
The simple insertion of a clause in your will can assure that a lasting gift will be made to The Episcopal Church of the Epiphany. Ask about the exact language you should use to designate the beneficiary you choose.
Life Insurance Gift
Since many people have some form of life insurance, you may choose this vehicle to make a gift. If you would like to explore this, please ask your insurance professional for assistance.
Revocable Living Trust
A revocable living trust allows a gift of assets to be made now while retaining the right to retrieve those assets later if it becomes necessary.
Life Income Gifts
Life income gifts provide income for yourself and your spouse for life, and still provide for a gift to the church after your death. These gifts, particularly when they are funded with appreciated property, often provide donors increased income as well as favorable tax benefits. The three main vehicles are a charitable gift annuity, a pooled income fund gift, or a charitable remainder trust. They are available through the Episcopal Church Foundation and may be used to benefit any Episcopal-related institution.
Gifts of IRA’s and Other Tax-Deferred Savings
Persons with savings in the form of tax-deferred funds such as Individual Retirement Accounts (IRAs), 401(K) plans, or other qualified retirement plans, may find significant tax advantages in using these assets for their charitable giving in their estate plans. Tax-exempt organizations are not subject to the income tax that individuals are and thus are able to benefit from the full amount of the gift.
Wording of Gifts
It is important to use the exact language to name a parish or institution as beneficiary for any form of estate provision. Please see our Suggested Bequest Wording.