What is Legacy Giving?

Legacy Giving encompasses a variety of ways that gifts can be made to the church.

It usually involves financial or estate planning; however, it is not reserved to the wealthy. Legacy Giving is a means by which anyone concerned with the wise use of his or her personal resources make a considered choice about their ultimate disposition. It includes a variety of ways in which you and all faithful people can look beyond this life and provide for the continuing financial support for St Stephen’s.

In general planned gifts are made through:

  • A Bequest in a Will
  • A Life Income Gift such as a pooled income fund, a charitable gift annuity, or a charitable remainder trust.
  • Gifts of Special Assets (real estate, stock, life insurance, retirement accounts

Planned gifts are either outright gifts (i.e. gifts of appreciated securities, real property, personal property, etc.) or deferred gifts (i.e. bequests, charitable gift annuities, charitable trusts).

 

Who makes Legacy Gifts?

The relationship between the planned giver and the benefiting organization tends to be more intimate and longer term than the casual relationship. They are:

  • Those who have been consistent annual givers
  • Current and former church leaders

Others include those who have a practical need. Addressing a family or financial need may prompt them to consider a charitable gift as well.

  • Those near or at retirement age
  • Those with children who need to create a will in order to name guardians for their children
  • Those with retired parents who may want to provide extra income for their parents.

 

How is a Planned Gift Different from your Annual Pledge?

Annual Stewardship Pledges normally deal with parishioners’ annual incomes.

Planned Gifts usually come from one’s accumulated assets.

 

For more information about Legacy Giving:

www.diocesewma.org

or

contact John White (ejwhite@nulldiocesewma.org)

or

contact our Legacy Giving Chairperson (Bob Deysher)