Planned Giving ensures that our mission – Transforming lives through the love of God in Christ – continues. Planned gifts are separate from the Annual Campaign and traditionally go to the Christ Church Foundation. They are endowed in perpetuity, with investment proceeds used for the capital project needs of our outreach partners, and on Christ Church properties. There are five ways to make a deferred gift:
Please consider a bequest in your will or trust which may include a percentage or specific portion of your estate. You may also designate the Church as the beneficiary of an IRA. If you already have a will, a simple codicil can be executed as an appendage.
A gift of cash or securities to create a Charitable Gift Annuity which provides an income tax charitable deduction and in return the donor and/or surviving spouse receives a fixed annual income for life.
Charitable Remainder Trusts, Unitrusts & Annuity Trusts
A unitrust pays a variable amount of income to you and/or a designated beneficiary. An annuity trust pays a fixed annual income. In both cases, after death of the beneficiary, Christ Episcopal Church receives the remainder. These trusts provide current charitable tax deductions, capital gains tax savings, asset diversification, and income for life.
Charitable Remainder Lead Trusts
A gift is made by placing assets in a trust which provides trust income to be paid to the Church for a term of years. When the trust is terminated, the principal can revert to the donor or designated beneficiaries. This type of trust can offer significant gift and estate tax savings.
Gifts of Life Insurance
Contributing ownership of a new life insurance policy can enable the donor to make a larger gift and obtain favorable income and estate tax benefits. Another option is to name Christ Episcopal Church as an owner and beneficiary of an existing life insurance policy.
Contact Liz McCarthy with any questions regarding planned giving. Call (904) 285-7390 ext. 235, or email email@example.com.
Please contact a financial advisor, accountant or lawyer regarding the current tax advantages of planned giving. This information is not intended to be tax or legal advice and should not be relied on as such.