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Planned Giving

Planned Giving is an effective means for you and your family to help ensure the vibrancy and sustainability of Saint Luke's Episcopal Church and is a major element in funding our long term financial strength. You may make a gift of cash, securities, or other assets such as a life insurance policy during your lifetime or make a bequest of such assets through your will. Your gift amount will be kept confidential, unless you choose otherwise.
Possible options to consider for Planned Giving may include:

  • An outright gift during one’s lifetime. Your gift is immediately available to support St. Luke's Church, and every dollar you give is deductible for tax purposes in the year you make the gift. Cash, appreciated securities and life insurance policies are examples of assets that may be used for this type of gift.
  • A bequest. Your bequest is a gift identified in your will and deferred until one’s death. The bequest may be designated as a fixed dollar amount or as a percentage of one’s estate. The value of your estate is reduced by the amount of the bequest which may reduce your overall estate tax.
  • A Life Income Gift. This option may provide lifetime income to the donor and named beneficiaries. At the time of your death or the death of your surviving beneficiaries, the gift goes directly to St. Luke's Episcopal Church. Three common ways of making a life income gift is contributing to a Pooled Income Fund, giving a Charitable Gift Annuity and establishing a Charitable Remainder Trust. With a contribution to a Pooled Income Fund, you are one of many donors purchasing a unit of a fund. Much like a mutual fund, you earn a portion of the income earned by the fund payable to you during your lifetime. Depending on the investment results of the fund, the income earned may vary from year to year.

By giving a Charitable Gift Annuity, one is guaranteed a fixed income from the annuity for the rest of your life based on your age and life expectancy.

With larger gifts, a Charitable Remainder Trust may be established to provide for a life income gift. A trust instrument is established and funded with a portion of one’s assets. The donor has flexibility in establishing the amount of trust income which is desired from the trust. At the time of the donor’s death or the death of a named beneficiary, the trustee of the trust releases the funds in the trust to the church.

  • To begin the process, we introduce you to the Episcopal Church Foundation that works with many congregations in serving as trustee and investment manager for the various life income gift options.
  • It is important, however, to consult with your attorney or financial advisor to determine the appropriate amount of your Planned Giving gift and the best option to make your contribution. 

For more information about Planned Giving at St. Luke's Episcopal Church, please contact our parish office.