Planned Giving Program
What is Planned Giving?
- "Planned Giving" is a term used to describe a variety of giving vehicles that allow a donor to give to a charity while meeting current income needs and providing for heirs.
- Planned gifts are commonly determined in conjunction with estate planning, are gifted upon the death of a donor and are often given in the name of the donor or donor's family. Thus, the term"legacy giving".
- At our parish, our Planned Giving program is a strategy of Extraordinary Stewardship, an initiative which has an objective of generating funds for the future financial security of the church and school. Planned gifts will supplement regular stewardship in future years.
What types of planned gifts are accepted by St. Thomas?
The parish gratefully accepts bequests, retirement plans and IRA's, life insurance (as beneficiary) and charitable gift annuities.
What are the donor benefits for each type of planned gift?
Deferred planned gifts can provide tax benefits and/or lifetime income, as well as future security for St. Thomas's future while current gifts can provide immediate tax deductions.
Who do I contact if I have questions about leaving St. Thomas a planned gift?
"As each of us has received a gift, use it to serve one another as good stewards of God's varied grace."
1 Peter 4:10