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Endowment

THE SAINT STEPHEN'S CHARITABLE ENDOWMENT

The Saint Stephen's Charitable Endowment originated from a memorial gift to our church with the hope that a special fund be created and managed to endow special programs within our church and our community. This Endowment fulfills those objectives. The principal of the endowment will be preserved for future generations while the earnings will be invested into the missions and work of our Parish.

For most people, gifts to the Fund will generate estate, gift, and income tax benefits. The specific benefits that are available depend on the tax situation of the donor, the timing and size of the gift, and specific property given.

The Saint Stephen's Charitable Endowment Fund is not designed to replace your annual gifts and pledges but to provide a repository for additional, special gifts.

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BENEFITS TO SAINT STEPHEN'S

From the generosity of special persons in our parish on behalf of persons special to them has arisen the Saint Stephen's Charitable Endowment. The Endowment is a perpetual fund to serve the special needs of the church while the principle of the fund will not be spent and will grow over time. Earnings from the Endowment will be used to support Special Programs and Projects in the Church, Outreach and Capital Projects.  In this way, gifts to the Saint Stephen's Charitable Endowment will have an impact on the church for generations to come.

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HOW IT WORKS

The specific individual gifts to the Saint Stephen's Charitable Endowment Fund will not be spent but rather will be invested conservatively over time to grow. Only earnings from the fund can be used by the church and even then, only for specified purposes. The church can help you get started planning a gift to the Charitable Endowment Fund or provide language to share with your attorney about how to include the Fund in your own will or estate plans. If you have already included St. Stephen's Episcopal Church in your estate plans, you may want to think about the Endowment Fund when it is next time to update them.

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TELL ME MORE

More detailed information packets are available and individuals are ready to discuss with you how the Saint Stephen's Charitable Endowment might fit with your own planned giving. 

The gifts are invested with only a portion of the earnings spent each year. Gifts to the Endowment can be made in a wide variety of ways. 

•  Outright Gift to the Endowment

•  Bequest to the Endowment in Your Will

•  Life Income Gift to the Endowment (such as a charitable gift annuity or charitable remainder trust)

•  Life Insurance Policy naming Saint Stephen's Charitable Endowment as Beneficiary

• Life Estate Gift

•  Gift of Appreciated Property (such as real estate or securities) 

If you are planning on updating your will in the near future or need more information, please contact Philip Passafiume, Steve Smith or Gina Easterling.