We are all called to think of those who will come after us. In fact, the clergy are directed in the Book of Common Prayer 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” (p.445). Legacy giving (aka planned giving) can serve the desire to leave a gift to the Church in thanksgiving for the blessings one has received over the years, and may be particularly helpful for those whose finances may not allow them to donate as much as they might like during their lifetimes.
Be sure to consult an attorney or estate planning advisor about tax benefits and the various options you may wish to consider. They may include:
- A Bequests in a Will
- Charitable Gift Annuities
- Real Estate
- Beneficiary assignments in Life Insurance plans, IRAs, 401Ks, or other qualified plans.