How Does Legacy Planned Giving Work?

Planned giving usually involves financial or estate planning: however it is not reserved for the wealthy.  It is a means by which anyone concerned with the wise use of their personal resources makes a considered choice about the ultimate disposition of their estate. 

The simplest way to make a planned gift is by naming the Parish of All Saints’ Church & St. George’s Chapel in your will. A bequest is a meaningful way to support our work without affecting your cash flow during your lifetime. Your attorney can include it when you prepare or revise your will or you can add a codicil at any time. A bequest to the parish is generally deductible from the value of your estate for tax purposes. 

It is important to consult your lawyer and/or financial advisor since there many ways to make your planned gift to the Parish of All Saints’ Church & St. George’s Chapel. 

These include:

• Specific Bequest
  You can make a bequest to The Parish of All Saints’ Church & St. George’s Chapel for a specific dollar amount or percentage of your estate.
  
  
• Residuary Bequest
  You can make a residuary bequest, which gives all or a portion of the residue of your estate to parish after payment of expenses and any amounts designated to other beneficiaries.
  
  
• Contingency Bequest
  You can make a contingency bequest to the parish, which allows you to account for a change in your beneficiary’s circumstances.
  
  
• Unrestricted and Restricted Gifts
  Gifts that do not restrict the use (unrestricted gifts) allow the parish to use these resources where they are most needed. Our parish is also grateful for gifts that are designated for a specific purpose that advances its mission (restricted gifts), such as support to a specific initiative or for a specific program.
  
  

More questions?  Please contact the Parish Office at 302-227-7202