Planned Giving at All Saints’

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Planned Giving at All Saints’

The All Saints’ we know and love today was built on the shoulders of those who came before us. Planned Giving offers us all the opportunity to leave a sustaining legacy for future generations. Rev. Steve Huber, Rector

Planned Giving offers each one of us the opportunity to make an enduring statement of faith through a charitable gift that will help build on and extend All Saints’ ministry for generations to come. All Saints’ is committed to being the church of Jesus. Planned giving is one way we can ensure that this commitment remains strong into the future, to ensure the long-term security, viability, and vitality of the church we love, All Saints’ Episcopal Parish, Beverly Hills.

What exactly is a planned gift?

A planned gift is a form of charitable giving made in the context of your estate planning. Since estate planning is the process of managing your accumulated assets for the present and future, a planned gift is included in a written statement of your intentions for your resources. Some frequently used types of planned gifts include:

  • A Bequest in a Will: You can designate a specific amount of money, a percentage of your estate, or a specific asset. All Saints’ could also be named as a contingent beneficiary.
  • Life Income Gifts: Gifts such as a charitable gift annuity, a charitable remainder trust, or a pooled income fund provide you and/or your designated beneficiary income for life. Upon your passing, All Saints’ receives the gift. Life income gifts generally reduce or eliminate certain taxes and guarantee an income for life.
  • Life Insurance: Life insurance can be used to make a sizeable gift to All Saints’. For example, you can purchase a new policy and make the church the owner and beneficiary of the policy. You can make All Saints’ the owner and beneficiary of an existing policy you no longer need. Or you can name All Saints’ a contingent beneficiary of an existing policy. Your life insurance could “endow” your annual pledge to All Saints’.
  • A Life Estate: You can deed your home, vacation property, or condominium to All Saints’and retain the right to live in the property and/or receive income from the property for as long as you or your beneficiaries live. A life estate gift reduces capital gains, inheritance and estate taxes and offers an income tax deduction as well.
  • An IRA or 401K: beneficiary or contingent beneficiary.

Questions? Check out the Frequently Asked Questions about Planned Giving page or contact Sydney Nichols or Steve Fleenor at plannedgiving@allsaintsbh.org  Sydney and Steve are co-chairs of our Planned Giving Committee and are very happy to answer your questions.

 

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