Bequests

Bequests are great ways to express your values and further an important cause, leaving a legacy of life for those who follow you. A bequest is a testamentary gift made to the Episcopal Church of the Annunciation through a Will or beneficiary designation on a life insurance policy or retirement account policy. Surprisingly, less than half of all Americans have a Will, although everyone should have one. Through careful planning, more of your lifetime accumulated assets can go to those individuals and institutions that have been important in your life. When establishing your will, we hope you will consider a bequest to The Episcopal Church of The Annunciation help us continue to grow our Mission: "To Grow The Church of The Annunciation Into A Major Center For Christianity In North Texas In The Episcopal/Anglican Tradition".

Charitable Lead Trusts

A charitable lead trust is a way to create a gift today and ultimately returns that gift to the donor or his or her loved ones.

A charitable lead trust is created by the irrevocable transfer of assets, such as cash or securities, to the trust. The gift that results is an annual income that is paid to The Episcopal Church of The Annunciation, generally for a lifetime(s) or a period of years. The donor determines the income amount to be paid when the trust is created.

At the end of the trust period, the accumulated assets in the trust are returned to the donor or passed to others as he or she has chosen. The charitable lead trust presents an attractive method for a donor to return assets to his or her control in later years or pass assets to family members

Many people have insurance policies that have outlived their original purpose. For example, some people have old policies to cover the cost of a child's education or to provide financial support to a spouse or child in case of a premature death. If the original need for a policy has been met, consider gifting the policy to the Episcopal Church of the Annunciation.

Ways to give insurance policies include:

1.       Give a paid-up policy. Policies that have outlived their intended purpose. 

2.       A new policy. You can make a substantial gift by taking out a policy and making The Episcopal Church of The Annunciation the owner and beneficiary. The premium payments can be tax deductible.

3.       Give a single premium policy for maximum benefits.

4.       Add a beneficiary. You can name Annunciation as a primary or joint beneficiary. Another option is to name us as a secondary or final beneficiary on an existing or new policy. If the beneficiary (ies) dies before you do, we will become the beneficiary. This lets you provide for loved ones and potentially make a gift.  Because the gift isn't definite, the tax benefits would be deductible from federal estate taxes. You may name us as a beneficiary on whole or term life insurance policies..

Such as stocks and bonds:  The Episcopal Church of The Annunciation has an established account for handling gifts and transfers of stocks and bonds.

If you would like to volunteer your time and efforts at Annunciation, check out our ministries we offer Outreach programs, Pastoral Care Ministries and much more. If you are interested in other ways of volunteering, please contact the Church Office and find out how you can become involved. E-mail the Church Office at churchoffice@annunciationlewisville.org or by phone 972-221-3531.