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PLANNED GIVING

Why we give

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“For many years, we’ve supported Episcopal Impact Fund’s mission and values with our financial contributions. We realized that by including Episcopal Impact Fund in our estate planning, we could make a more substantial gift," says Doug MacKay, former Episcopal Impact Fund Board President. "It was easy to arrange, and we feel great knowing that we’ll help others in the future.”

Joan and Bob Ganse’s bequest to Episcopal Impact Fund was the culmination of a lifetime of involvement in the Episcopal Church. As their daughter, Karen Van Til, notes, “Mom and Dad were always very active in so many aspects of the Episcopal Church, so it was only fitting to my brother, Roger, and me that they would leave a gift.” 

Planned Giving Webinar: What will your legacy be?

Episcopal Impact Fund presents an informative conversation about planned giving strategies and options with speakers The Rev. Richard Schaper, estate planning specialist, and Davey Gerhard, Director of Development for the Diocese of California.

By committing to a planned gift, you become part of the Circle of Light, Episcopal Impact Fund’s legacy giving society, as well as The Bishop’s Society, a community of Episcopal stewards and a forum to honor those who have made this testament of faith within the Diocese of California.

Episcopal Impact Fund already in your estate planning?

Let us know by completing and returning this form.

“DO GOOD, BE RICH IN GOOD DEEDS, AND BE GENEROUS AND WILLING TO SHARE.” – 1 TIMOTHY 6:18

Planned Giving

Plan for retirement today. Build your legacy for tomorrow.

A Legacy of Faith and Service

What Matters to You?

 

We begin and end our lives together, grounded in an ethos of faith and service to

others. It is through the community of faith that our lives are brought into perspective; the values we teach our children, our interactions with the world, the communities and causes we take up – and, ultimately, the legacy we leave behind.

How we use God’s gifts after our lifetime can be as meaningful as how we used them during our lives. Bequests and other planned gifts to Episcopal Impact Fund enable you to continue sharing your resources the Bay Area community you care about, creating a testimony of faith and service to your family and loved ones.

Your planned gift to Episcopal Impact Fund may be a small portion of your overall estate distributions or the opportunity for the largest gift you have ever made. Either way, the expression and effect are the same: your gift makes a permanent impact on the lives of people living in poverty in the Bay Area.

Bequest

Planning for the future and creating the legacy you wish to leave is one of the most important ways to be thorough in your stewardship of the gifts that God has placed into your hands. It can also be effective in ensuring that you make a lasting impact. Making a gift in your will or living trust, known as a bequest, can guarantee that your legacy endures. Your gift may be a specific dollar amount, a percentage of your estate or the remainder after all other provisions are specified.

Our federal tax ID number is: 94-3345498.

Below is suggested language to use when drafting your bequest.

Sample language

An unrestricted gift allows Episcopal Impact Fund to determine how to use the funds based on the most pressing needs. Use the following language for your will and/or trust:

"I give to Episcopal Impact Fund, a nonprofit corporation currently located at 1055 Taylor Street, San Francisco, CA 94108, or its successor thereto,                 [written amount or percentage of the estate or description of property] for its unrestricted charitable use and purpose."

If you have named Episcopal Impact Fund (or, previously, Episcopal Charities) in your will or trust, please let us know so we can ensure that your gift is used according to your wishes. Notifying us of your plans will enable us to plan for the use of your future gift. However, if you prefer to remain anonymous, we will keep your name and gift in strict confidence.

Charitable Remainder Trust

Episcopal Impact Fund’s charitable remainder trust program enables you to set up an irrevocable trust, a separate tax entity, which liquidates the property placed in it and provides an income payout based on a percentage of the trust assets, between 5-7%. The trust can pay out for two individual lifetimes plus a term of up to 20 years for a child or heir.

Benefits

  • Immediate income tax deduction for a portion of the gift value.

  • Bypass capital gains on appreciated assets.

  • Secure income stream for your and your beneficiaries.

  • Assets pass tax-free to Episcopal Impact Fund.

By designating all or a portion of your retirement plan to Episcopal Impact Fund, you retain control of the funds while you are living and exclude the plan from your estate valuation.

Retirement Plan

Name Episcopal Impact Fund as the beneficiary or partial beneficiary of your IRA, 401(k) or qualified retirement plan. After your lifetime, the remainder or a portion you designate passes tax-free to Episcopal Impact Fund.

IRA Rollover

Once you reach age 70, instruct your retirement plan administrator to roll over up to $100,000 directly to Episcopal Impact Fund. This Qualified Charitable Distribution satisfies that portion of the Required Minimum Distribution you must make each year while Episcopal Impact Fund receives the full amount of the rollover, tax-free.

Please include Episcopal Impact Fund in your estate plan. Contact Ann Morris at plannedgiving@episcopalimpact.org or call 415-869-7835 for more details on the benefits of a planned gift.

Episcopal Impact Fund and the Episcopal Diocese of California cannot render tax or legal advice. Please consult your professional financial advisor before making a charitable gift. 

Retirement Assets

Charitable Gift Annuity

A charitable gift annuity is a contract between you and Episcopal Impact Fund that provides fixed payments to you and/or your designated beneficiary for life. Your payments become one of the general obligations of the Diocese, backed by its assets and investments. When the CGA matures, the principal of your gift is

made available to Episcopal Impact Fund.

 

Please check with your tax advisor for current payout rates and tax deduction information, depending on your age.