For we brought nothing into this world, and it is certain we can carry nothing out.
- 1 Timothy 6:7
Planned Giving to St. Alban’s is an important way you can support your community of faith even after your death, to ensure that long after you are gone, there will continue to be an Episcopal presence in Davidson, praising God and proclaiming the good news of Christ’s love for all people. The health of our church is built on the generosity of many, some of whom are no longer with us. We give thanks for their gracious gifts while we recognize the responsibility each succeeding generation has to future generations and the continued strength of our parish.
As page 445 of the Book of Common Prayer tells us, “The Minister of the Congregation is directed to instruct the people, from time to time, about the duty of Christian parents to make prudent provision for the well-being of their families, and of all persons to make wills, while they are in health, arranging for the disposal of their temporal goods, not neglecting, if they are able, to leave bequests for religious and charitable uses.”
There are three primary ways to make a planned gift to St. Alban’s:
The easiest way to make a lasting difference is to remember St. Alban’s in your will. If you have an existing will, we encourage you to work with your lawyer to prepare a simple, inexpensive codicil. You may bequeath a specific amount or percentage of your estate, providing unrestricted support or benefiting a specific program. The bequest can specify a gift of cash, securities, real estate or tangible personal property.
RETIREMENT PLAN ASSETS
Often considered an attractive option for making a planned gift, retirement plan assets are among the most tax burdened assets in an estate. To make a charitable gift of retirement assets, simply complete a new beneficiary designation form naming St. Alban’s as a percentage beneficiary.
LIFE INSURANCE POLICIES
You may use one or more whole life insurance policies to make a future gift to St. Alban’s. To do so, name St. Alban’s as a percentage beneficiary of a new or existing policy, or simply transfer ownership. As with retirement plan assets, using a life insurance policy to make a charitable gift can be as quick and easy as completing a new beneficiary designation form. If you have included St. Alban’s in your estate planning, please let the church office know so that we may recognize your generosity. We plan to form a Legacy Society of those who have made bequests to the church, with periodic opportunities to gather for fellowship and acknowledgment.