Planned Giving refers to gift planning or legacy giving. It refers to a donor’s intention and desire to set up the necessary legal documents in advance of a life event change to contribute a major financial gift to the church. This legacy gift generally goes to the Endowment Fund, which would assist the church well beyond the member’s lifetime. Planned Giving occurs where the personal financial assets (financial or property) of a church member are transferred to St. James’ Episcopal Church through legal and financial tools such as a will, a trust fund or a property asset transfer(s) benefiting both the member and the church.
HOW? In the case of a planned giving commitment, the use of a tax attorney, estate lawyer or financial manager is highly recommended. The church staff and the rector can assist these financial experts with the development of the legal tools necessary to accomplish the final transfer of assets. [NOTE: Church staff are not qualified to complete or generate such legal transfer documents.]
At Planned Giving events in the future and as directed by the rector; Planned Giving donors to the SJEC Endowment Fund would be recognized for their financial contributions for the purposes of continuing to ensure the continuity of the St. James’ Episcopal church and its longevity and mission into the future.
What is your impetus for PLANNED GIVING to St. James?
The financial benefit that most interests me is:
Obtaining an income tax deduction.
Consider
- An outright gift of cash
- An outright gift of appreciated securities
- An outright gift of real estate
- An outright gift of tangible personal property
Eliminating or reducing capital gains tax.
Consider
- A gift of appreciated securities
- A gift of appreciated real estate
- A gift of appreciated tangible personal property
Giving without affecting my disposable income.
Consider
- A gift of life insurance
- A gift of tangible personal property
The financial benefit that most interests me is:
Retaining flexibility and control of my assets.
Consider
- A bequest in your will or living trust
- Naming St. James’ Episcopal Church as beneficiary of your retirement plan assets, life insurance, bank accounts or investment accounts
- A gift of a retained life estate
Saving on estate taxes.
Consider
- A bequest in your will or living trust
- Naming St. James’ Episcopal Church as beneficiary of your retirement plan assets, life insurance, bank accounts or investment accounts
- Creating a charitable remainder trust
- A gift of life insurance
Obtaining an income tax deduction.
Consider
- A gift of life insurance
- A retained life estate
- Creating a charitable remainder trust