Planned Giving at St. Paul’s
Planned giving is a generous and effective way of ensuring the future vibrancy of St. Paul’s Church. A bequest of any size to St. Paul’s Church will help to sustain our commitment to liturgy, preaching, study, and service in our community far into the future.
Bequests to the church are exempt from federal estate tax purposes and there is no limit on the amount of the estate tax charitable deduction. With a gift by will, your total estate value is reduced by the amount of your gift which, in turn, can reduce your overall estate tax.
You can make a planned gift to St. Paul’s in a number of tax-beneficial ways, including:
· A provision or codicil in your will,
· An amendment to your revocable trust, or
· A designation of your retirement plan or insurance policy.
· Make a gift of a specific amount of cash, securities, and/or other property,
· Designate a percentage of your estate to be given, or
· Designate St. Paul’s Church a residual beneficiary of your will or trust (after payment of specific bequests, expenses, and taxes).
Samples for your consideration
Specific Amount for General Purposes
“I give, advise, and bequeath to The Rector, Wardens, and Vestry of St. Paul’s Episcopal Church (“the Church”) in the Town of Natick, Massachusetts, the sum of $______ to be used at their discretion for the general objectives and purposes of the Church.
Percentage Amount for a Specific Purpose
“I give and bequeath to The Rector, Wardens, and Vestry of St. Paul’s Episcopal Church (“the Church”) in the Town of Natick , Massachusetts, ___ percent of the remainder of my estate, to be used at their discretion for the general maintenance of the physical facilities [or some other purpose] of the Church.”
Unrestricted Bequest to St. Paul’s Endowment
"I give, and bequeath to The Rector, Wardens, and Vestry of St. Paul’s Episcopal Church (“the Church”) in the, Natick, Massachusetts, ___ percent of the remainder of my estate, to be placed in the Endowment Fund, for use at the discretion of the Church.”
You should consult your attorney or financial adviser for guidance in determining a gift plan that is right for you and your family. The Rector and/or Senior Warden can help you refine the bequest language to suit your specific wishes for St. Paul’s. Your conversation and the amount are always confidential.
If you have planned a gift to the church and have not advised us, please contact the Senior Warden so that we may properly thank you and welcome you to the St. Paul’s Legacy Circle. If, in the future, you do include St. Paul’s in your estate plans, we would be grateful for a copy of the relevant portions of your will for our records.