Estate Bequests

Why Make a Gift?

As Christian, we affirm that all life is a gift from God. All that we have is an expression of our loving God – entrusted to us to use and care for to benefit all.

It is incumbent upon each of us to act as responsible stewards in the determination of how best to use these gifts, and how our resources accumulated over a lifetime may be distributed in the most beneficial ways.

For many, the Church has been an important part of their life; t has nurtured and enabled us as followers of Jesus Christ to serve the world in His name and has strengthened our spiritual beings. After our death many of us will want to continue to support the Church’s mission and ministry through a gift or bequest.

How Do I Make a Gift or Bequest?

There are a variety of ways that gifts or bequests can be made to our parish or to its Endowment Fund; each has a guaranteed benefit to the Church and provides tax advantages to the donor. Which method best suits you will depend upon your personal circumstances and should be determined in consultation with legal and accounting professionals.

Direct Gifts of personal property, securities or real estate at any time. For tax purposes, these gifts can be claimed as charitable deductions at the market value at the time of the gift. Cash may also be given and there is no minimum amount. Simply drop an envelope in the Offering Plate indicating that it is for the Ministry Endowment Fund. The amount of the gift will be recorded and will be reflected on an annual statement of giving. Please note that such giving is not intended to replace pledging to our day-to-day operation budget.

Gifts By Will are a commonplace means of charitable giving. Such gifts may be either outright, delayed until after the death of named beneficiaries (Charitable Remainder Trusts), or contingent upon the prior death of any named beneficiary. Making a Will is considered one of the wisest steps one can take in terms of both money management and peace of mind.

Living Trust Gifts are provided by establishing a trust during a donor’s lifetime to be paid to St. Peter’s after the death of the named beneficiaries (Charitable Remainder Trust); or by deeding property with the income from the property being paid to a named beneficiary (or to the donor) during their lifetime, with the property ultimately being used for the benefit of the Church.

Gifts of Annuities or Life Insurance can make St. Peter’s the beneficiary of an annuity or life insurance policy taken out on the life of the donor. If an annuity, the donor can retain a guaranteed income for life with the remainder being left to the Church. If a life insurance policy, all or part of the proceeds upon the death of the donor can go to St. Peter’s; the annual premiums paid by the donor are all or partially tax deductible.

Memorial Gifts and Honorariums are a means by which family and friends may choose to give upon the death of a member of St. Peter’s. These are a way to honor the memory of the deceased. Such gifts are given to the Glory of God to adorn the Church or to enhance worship. Memorial Gifts provide an immediate, visible, and lasting way of honoring a loved one. It is important when choosing this manner of giving to consult with the clergy or designated persons what memorial items can best serve the parish’s needs. If there is no specific or immediate need identified, donors may give to the General Memorial Fund and their donation may be used in conjunction with others for future memorial items as the need arises. All memorial gifts are recorded in the parish Book of Remembrance.

Giving to the Endowment Fund assures, through the interest earned, that the Church and its ministry will be available for years to come and is an appropriate way of honoring the memory of a loved one.

Arranging a gift today is a reflection of your personal investment in the future of the church and thoughtful planning.