Planned Giving is a way to leave a legacy and support the mission and ministry of Christ Church beyond your lifetime. There are many ways to remember Christ Church in your estate planning which include the following:
- Name Christ Church as the beneficiary of a bequest
- Create a planned gift (for example: a gift annuity or charitable trust) that can provide lifetime income and ultimately becomes a gift to Christ Church
- Contribute real estate, securities or other personal property
- Make Christ Church the owner or beneficiary of a fully paid life insurance policy
To find out more information about Planned Giving, visit The Episcopal Church Foundation.
A Tax-Saving Way To Give To Christ Church
If you are 70½ years old or older, you have Minimum Required Distributions that you must meet each year. Because of this, you can now take advantage of a simple way to benefit Christ Church and receive tax benefits in return. You can give up to $100,000 from your IRA directly to Christ Church without having to pay income taxes on the money. Distributed amounts may be excluded from the IRA owner’s income – resulting in lower taxable income for you!!
This law no longer has an expiration date so you are free to make annual gifts to Christ Church this year and well into the future.
Why Consider This Gift?
-You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
-If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
Long Term Planning
If you have made or are planning to make a gift to Christ Church, please tell us about it or let us help you as you make your decisions.