Planned Giving
Through planned giving, major gifts are made to a church or charity after careful consideration and prayer. They’re a form of stewardship, and they may be made now or planned for the future.
All major gifts should involve prayer and planning since they relate to one’s values, legacy, and other family members. Large gifts should only be made after clearly understanding one’s own financial circumstances and their lifetime goals.
Planned gifts generally benefit capital funds or an endowment. They can be designated to certain specific causes within the organization. They can be made in:
- Cash
- Stock
- Personal property
- Life insurance
- Or through a variety of methods
Donors should be assured by their legal and financial advisors that the gift is in the best interest of all parties.
Gifts can be made in relatively small amounts called Charitable Gift Annuities. Larger gifts with income benefits generally become charitable trusts. We are supported in these efforts by the Episcopal Church Foundation, 800-697-2858.
Note: in these times of low interest rates, seniors may want to consider Charitable Gift Annuities to increase their living income.
The diocese recognizes all such gifts (but does not disclose the details) to any endowment throughout the diocese with an honorary membership in the Legacy Society of The Diocese of Tennessee. Thus far there are some 124 members representing 24 congregations.
