“People have made at least a start at understanding the meaning of life when they plant trees under which they know they will never sit.” adapted by David Elton Trueblood
Each generation inherits the legacy of service and giving that our church buildings represent. We have received church buildings that no single generation could afford to acquire or replace. How we care for and preserve these facilities entrusted to us will have an impact on those who succeed us.
The members of Grace Church are also beneficiaries of past Christians whose vision anticipated the need for ministry and programs to serve the congregation and larger community. These gifts came with few restrictions. They expressed their faith that God would put their gifts to good use.
Planned Giving is one expression of the wise use of the personal resources God entrusts to us. Planned Giving gives the donor a means to thoughtfully transfer resources to the next generation, and helps the church to gather the resources necessary for its mission and ministry.
Gift planning usually involves financial or estate planning, however, it is not reserved for the wealthy. It is a means by which anyone concerned with the wise use of his or her personal resources makes a considered choice about the ultimate disposition of their estate.
Gift planning establishes a way for a donor to provide for family members while remembering the church as well. It often enables the donor to provide more for his or her heirs and to make a larger gift to the church than thought possible.
The choice of an appropriate planned gift vehicle usually provides significant tax advantages to the donor. Some of the most common ways to make gifts are:
- Gifts of cash, securities, or other assets, such as objects of value and real estate. As outright gifts these could be deductible on your income tax.
- Bequests provide for loved ones, the church, and others through a provision in the donor’s will. This can be in a specific dollar amount or a percentage of available assets.
- Life Insurance allows a large gift at small cost by giving a new or existing policy, or by designating the church a beneficiary of a policy.
- A Charitable Remainder Trust allows a donor to receive income for life while making a major gift to the Church.
We strongly suggest you consult with your attorney, financial and/or tax advisor regarding personal tax benefits when planning a gift to one of the Grace Church Endowment Funds.
The Grace Church Restricted Fund at HFPG, Inc,
This fund is held and administered by the Hartford Foundation for Public Giving (HFPG).
The word Restricted as used here means that HFPG is restricted to making disbursements from this fund to Grace Episcopal Church only, and no other entity. A distribution ranging from 4.25 % to 5 .75% of the fund, dependant on earnings over the previous 20 months, is made to Grace Episcopal Church annually.
Please contact members of the Planned Giving Committee or HFPG for the correct wording in making a donation or leaving a bequest to this fund.
Capital Improvements Fund
Grace Episcopal Church’s Capital Improvement Fund provides ongoing resources for the purpose of funding capital improvements.
Grace Church Tuttle Fund.
The Tuttle Fund is an endowment fund and is administered by Grace Church. All donations or bequests to Grace Episcopal Church not designated for a specific fund will be allocated 40% to the Capital Improvements Fund and 60% to the Tuttle Fund. There is a three tier requirement for spending approvals for any disbursements from the Tuttle Fund.
In summary, we hope you will include special giving to Grace Church as part of your financial plan. If you have any questions please contact a member of the Planned Giving Committee listed below:
Katrina Woodhouse, Chairman
Larry Young, Treasurer
Chip Elliott, Rector
Grace Episcopal Church
Planned Giving Committee
311 Broad Street
Windsor, CT 06095