Planned Giving & Endowment

Everyone leaves behind a legacy. They're made by the positive impressions we leave on others. Thoughtful estate planning and drafting a will are some of the means that we have to touch the life of others.  Planned gifts provide a remarkable way for parishioners to continue to make a difference towards God's kingdom.  A planned gift to Church of Our Saviour makes a lasting contribution to the COS mission and ministry, ensuring the work that brings heaven on earth will endure, as it has done for more than 150 years.  

 

Planned giving comes in many forms.  Consult with your financial or legal advisor to ensure your wishes are well planned and that you fully understand any legal and tax implications. 

 

Some options for Planned Giving Include:

 

Bequests

Name Church of Our Saviour as a beneficiary in your will.  You may specify an outright gift of cash, securities, real estate, or personal property. You may also consider a gift in your will of a certain percentage of your estate rather than a fixed sum or asset.  Your assets remain in your control during your lifetime and can be modified as needed. 

 

 

Life Insurance 

To receive a charitable deduction, name Church of Our Saviour as both the owner and beneficiary of the policy. If the policy is paid in full and has a cash value, you may take a charitable deduction approximately equal to the cash value at the time of the gift. If annual premiums are still to be made and you continue to pay them, those premiums will become tax deductible each year.

 

IRAs and Other Retirement Benefit Plans

Designate Church of Our Saviour as the beneficiary of all or a percentage of your IRA or other retirement benefit plans.  By doing so you may reduce the amount of income taxes owed when withdrawing your funds. 

 

Charitable Trusts or Charitable Lead Trusts

Name Church of our Saviour as the beneficiary of your trust.  The trust can pay either a specified annual amount to Church of Our Saviour or a one-time amount of any remaining funds.

 

 

*The examples and information provided are for illustrative and informative purposes only and should not be considered tax or legal advice. Please consult with your financial or legal advisor about proceeding with your gift plan.