How to Make Your Gift
If you feel moved to make a gift of any sort to the Holy Trinity Episcopal Foundation we want to make the giving process a joyful and simple one. Often the long list of possible gift options can seem like trees obscuring one’s view of a lovely forest. In an effort to help you keep your eye on the forest, we’ve included a list of some of the more popular methods of giving below.
Gift planning is sometimes called the “How” of giving. It naturally follows the “Why”—the motivation or reason you want to give in the first place. As Episcopalians we all have our own personal reasons for wanting to make a planned gift to support the organizations and ministries that are meaningful to us.
The information on this site describes some of the different ways you can accomplish this through a variety of legal devices. It is provided to give you a basic understanding of the planned giving options, not as a complete reference for all the options available.
Gift planning encompasses a variety of ways that gifts can be made to the church. It usually involves financial or estate planning; however, it is not reserved for the wealthy. Gift planning is a means by which anyone concerned with the wise use of his or her personal resources makes a considered choice about their ultimate disposition.
In general planned gifts are made through:
- A Bequest in a Will
- A Life Income Gift… such as a charitable gift annuity or a charitable remainder trust
- Gifts of Special Assets (real estate, closely held stock, life insurance)
Gift planning establishes a way for a parishioner to provide for family members while remembering the church as well. It often enables the parishioner to provide more for his or her heirs and to make a larger gift than thought possible. Planned gifts can be designated for the Foundation’s unrestricted general fund or for specific endowments.
Planned gifts are either outright gifts (i.e., gifts of appreciated securities, real property, personal property, etc.) or deferred gifts (i.e., charitable gift annuities, charitable trusts).
Be assured that you don’t have to know it all. If you have a trusted financial professional you may wish to talk to that person first, or you are always welcome to contact Harvey Ward, Wayne Castello or Jim Salter. Any of them will be happy to discuss ways to include the Holy Trinity Episcopal Foundation in your gift planning.
Sample Language
If you and your financial or legal advisors wish to remember the Foundation in your will, please feel free to use the sample language below as a guide:
- Specific Bequest: I give, devise and bequeath _______________ (insert dollar amount or item of property to be donated) to the Holy Trinity Episcopal Foundation, Inc., or its successor organization, a nonprofit corporation as described in section 501(c)(3) of the Internal Revenue Code with headquarters located at PO Box 357399, Gainesville, FL 32653, to be used for its stated purposes.
- Residuary Bequest: I give, devise and bequeath _______________ (insert % amount) of all the rest, residue and remainder of my estate to the Holy Trinity Episcopal Foundation, Inc., or its successor organization, a nonprofit corporation as described in section 501(c)(3) of the Internal Revenue Code with headquarters located at PO Box 357399, Gainesville, FL 32653, to be used for its stated purposes.
- Restricted Gift (Specific or Residuary) Bequest: I give, devise and bequeath _______________ (insert dollar amount, item of property or % of residue) to the Holy Trinity Episcopal Foundation, Inc., or its successor organization, a nonprofit corporation as described in section 501(c)(3) of the Internal Revenue Code with headquarters located at PO Box 357399, Gainesville, FL 32653, to be used exclusively [insert restricted use language here].
- Contingency Gift: Takes effect only if a primary intention can’t be met.
If (name of beneficiary) does not survive me, or shall die during the administration of my estate, or as a result of a common disaster, then I give to the Holy Trinity Episcopal Foundation, Inc., or its successor organization, a nonprofit corporation as described in section 170 (c) of the Internal Revenue Code with headquarters located at PO Box 357399, Gainesville, FL, all of the rest, residue, and remainder of my estate, to be used for its benefit. - Safety Language: Language added whenever a gift is restricted
In the event the purposes of the restriction, in the opinion of the Trustees of the Holy Trinity Episcopal Foundation, Inc., can no longer be served, the Trustees may devote any remaining assets exclusively for charitable purposes that: (a) are within the scope of the charitable purposes of the Foundation (b) most nearly approximate the original purpose of the gift; and (c) benefits charity.
