Planned Giving

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Planned giving is a tax-beneficial, generous, and effective way of ensuring the future vibrancy of St. Margaret’s.

Gifts by will
Bequests by will to the church are exempt from federal and most state inheritance taxes. Such a bequest will reduce your total estate value by the amount of your planned gift, reducing your overall estate tax. You can make St. Margaret’s the beneficiary of cash, securities, and/or other property. You may also designate specific amounts or a percentage of your estate to St. Margaret’s.

Current gifts with income retained
During your lifetime, you may make gifts of securities or other property and retain a stream of income for yourself or other designated beneficiaries. You will receive a charitable gift tax deduction for a portion of your gift. At the death of your surviving beneficiaries, the principal then goes to St. Margaret’s.

Charitable gift annuity
With a charitable gift annuity, you make a gift of cash or marketable securities (minimum $5,000) in return for guaranteed fixed income based on your age; it is not affected by market fluctuations. You receive an income tax and gift tax charitable deduction for your gift in the year that you establish the annuity.

Charitable remainder trust
Charitable remainder trusts enable you to make a significant gift of $100,000 or more and retain the right to receive income during your lifetime and/or the lifetime of your designated beneficiaries. The amount of payments received during the payout period depends on how you structure the trust. Your gift to a charitable remainder trust provides an immediate income tax and gift tax charitable deduction.

For further information on planned giving, please visit the Episcopal Church Foundation or call the Finance Office at (760) 346-2697.

Last updated: September 10, 2018 at 19:32 pm