This type of giving can take a variety of forms. The simplest and best known is a bequest to the church in the donor’s will. Other forms include Life Insurance, Charitable Gift Annuities and Undisbursed Retirement Assets.
As part of sound financial planning, all parishioners are encouraged to have a will. St. John’s hopes that its members will consider contributing to the ongoing Christian mission of the church in their passing, just as they have during their lives. St. John’s Anglican Church can be named as beneficiary on insurance policies or as a recipient of un-disbursed retirement assets. The church can also be a partner in a Charitable Gift Annuity wherein the donor receives regular income during his or her life from the principal, with any remaining principal left to the church upon the donor’s death.
These and other planned giving arrangements can have substantial tax benefits for the donor and the donor’s estate. Those who wish to include St. John’s in their will, or to contribute through other types of planned giving, are urged to contact the church, either directly or through their attorney, to ensure that their wishes are clear and that the details of an eventual legal transfer of estate assets are properly arranged.
