Charitable Gift Annuities are a popular way to leave a legacy to missionary societies, universities, and more recently, the Parish to which you belong. Gift Annuities provide a guaranteed income stream for either one or two lifetimes, in the case of a spouse. Income can be received immediately or on a deferred basis. Compared with CD’s or low dividend stocks, it’s possible to increase your income, receive a charitable deduction, and make a wonderful legacy gift to the Church.
Wills & Bequeaths are the most frequent form of legacy giving. They can be part of a standard type of will or added to an existing will by means of a codicil. You can specify a dollar amount or leave a residual (remaining) portion of your estate after all other distributions are made. This usually takes the form of a percentage ranging from 10% to 100% of the residual portion.
What is the simplest way to write a bequest?
Should you decide to include Saint Anthony’s Church in your Will, please use the following codicil and forward to your attorney:
“I bequeath the sum of $ ______ or ____ percentage of the residual of my estate to Saint Anthony’s Church, Episcopal Corporation of the Archdiocese of Toronto, for the benefit of (Saint Anthony’s Church).”
Gifts of Appreciated Securities (i.e. stock & mutual funds). If you own long-term securities that have appreciated in value, you may prefer to contribute securities rather than cash. In this way, there may be both capital gains tax and income tax benefits.
Gifts of Life Insurance presents many donation possibilities. You may donate an up-to-date policy, purchase a new policy in the Parish’s name and make the premium payments, or name Saint Anthony’s Church as a beneficiary of a current policy.