Ways to Give

Planned giving, also known as legacy giving or gift planning, is a process where a donor commits to giving a charitable gift to Mount Calvary Episcopal Church at a future date. Planned gifts are typically made as part of a donor’s estate or financial plan, and are often given after the donor passes away. 

Planned gifts can be made in a variety of ways, including:

• Will or trust: A simple charitable gift that can be included in a will or trust 
• Charitable gift annuity: A model that can provide income for the donor 
• Charitable remainder trust: A trust that can provide income for the donor while also avoiding capital gains tax 
• Charitable lead trust: A trust that pays a fixed amount to a charity for a set period of time or for the donor’s lifetime 

Planned gifts can be a way for donors to make larger gifts than they might be able to from their regular income. They can also provide tax benefits and other advantages for the donor.

An endowment is a gift of money or property to Mount Calvary for a specific purpose. Through a designated donation for the endowment, you secure the future of Mount Calvary with prudent stewardship and unwavering commitment. These sacred funds, safeguarded for the tomorrows to come, carry the promise of renewal and sustenance for our parish.

Gifts of long-term appreciated stock or other assets allow the contributor to take advantage of the tax benefits of donating appreciated assets directly to Mount Calvary. By making a direct donation of long-term appreciated stocks or securities to the church, Mount Calvary will receive the full amount of your stock or securities value and the contributor will not be subject to the capital gains tax on the appreciated securities. With a direct transfer donation of long-term appreciated stocks, you become eligible for a federal income tax deduction of the Fair Market Value of the appreciated securities, as long as they have been held for more than one year.

Parishioners can contribute directly from their IRA accounts to Mount Calvary to take advantage of tax benefits and fulfill their required IRA minimum distributions. IRA charitable gifts to Mount Calvary are excluded from the contributor’s gross income for federal income tax purposes. If the contributor is over the age of 72 (or age 73 if you reach age 72 after 12/31/2022), a Qualified Charitable Distribution, which involves a direct transfer of money from the contributor’s IRA to Mount Calvary, is not taxable, but it counts towards satisfying your required minimum distribution for the year.