Holy Trinity Episcopal Foundation
There are numerous ways to give to the Holy Trinity Episcopal Foundation. Current or planned gifts provide donor or trustee-directed support of Holy Trinity programs, facilities, and parish life.
About the Holy Trinity Episcopal Foundation
The Holy Trinity Episcopal Foundation (HTEF) was established as a non-profit corporation in March 1969 to serve benevolent, charitable, educational or missionary undertakings sanctioned by the Vestry of Holy Trinity Church (Vestry). Specifically, the HTEF is authorized to receive and manage gifts and disburse according to donor intent or at the direction of the Trustees of the HTEF. The fundraising goals of the HTEF acknowledge and align with the needs and financial goals of the finance committee.
Financial statements and an annual report are made available publicly. Planned gifts are increasingly a focus of the HTEF.
About the Advancement Committee
Members are appointed by the President of the HTEF. This committee prepares annual fundraising goals and recommendations to the Board for approval and implementation. Providing gift language to donors and professional advisors, the Advancement Committee understands and aligns its efforts in concert with Holy Trinity Parish leadership. Further, the Advancement Committee monitors the HTEF gift acceptance policy, the development and use of standardized forms and documentation of gift methods.
Meet the Trustees
Front Row (Left to Right): Ann Pierson, Jim Salter (Founder and Senior Advisor), Phyllis DeLaney, Bobbie Hall; Back Row (Left to Right): Lew Garrish, Brian Gendreau (Director), The Rev. Canon J. Fletcher Montgomery (Ex Officio - Rector of Holy Trinity Episcopal Church), John Jopling; Not Pictured: Betty Alsobrook, Marion Radson, Dan Boyd, Linda Kunz (Foundation Administrator)
“The Minister of the Congregation is directed to instruct the people, from time to time, about the duty of Christian parents to make prudent provision for the well-being of their families, and of all persons to make wills, while they are in health, arranging for the disposal of their temporal goods, not neglecting, if they are able, to leave bequests for religious and charitable uses.”
- Book of Common Prayer p. 445
Considering Holy Trinity Episcopal Church in your estate plans can be customized in many gracious ways
Below are several options to review
Gifts from Your Will
BEQUESTS
A bequest is a gift from an estate, transfer of cash, securities, or other property made through your estate plans. A donor can make a gift to our organization by including language in their will or living trust, leaving a portion of an estate, or designating our organization as a beneficiary of your retirement account or life insurance policy. To learn more, click here.
Beneficiary Designations
RETIREMENT AND OTHER FUNDS
A beneficiary designation is a way to transfer an asset to an individual, organization, or multiple beneficiaries upon the owner’s passing. For financial accounts such as individual retirement accounts (IRAs), a beneficiary designation is typically a paper or electronic form provided by the account custodian, which allows the account owner to designate who will receive the asset upon their passing. To learn more, click here.
Charitable IRA Rollover
TAX-FREE GIFT FROM YOUR IRA
Charitable gifts of retirement plan assets are popular because income regarding descendent (IRD) left to charity can escape both estate and income taxation. Generally, if the client’s estate is large enough to provide for both individual heirs and charitable gifts, the best strategy is to leave individual beneficiaries the non-IRD property, which receives a stepped-up basis (under IRC 1014) at death so is not double taxed, and leave the retirement plan proceeds to charity. To learn more, click here.
Appreciated Stock
APPRECTIATED STOCK
Funding a charitable gift annuity with appreciated securities will not only provide you with reliable payments for life and allow you to support our work, but it also can offer numerous financial benefits. First, your annuity payments are often more than the dividends you receive each year from the securities. Second, you will receive a federal income tax charitable deduction (if you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities..
Gifts of Real Property
REAL ESTATE AND OTHER PROPERTY
Many types of property gifts exist and some examples include: Outright where The donor transfers their entire interest in the property to the charity, typically receiving a tax deduction equal to its fair market value. Undivided Fractional Interest, Retained Life Estate, Bargain Sale/Installment Bargain Sale are among the many options. To learn more, click here.
Gifts Through Trusts
CHARITABLE REMAINDER TRUSTS
A charitable remainder trust (CRT) is established when you transfer assets (whether cash or appreciated) to the trustee named in the trust agreement (e.g., bank or charity). Your trustee invests the assets for the term of the trust, which can be the life of your beneficiary(ies) or a term of no more than 20 years. When the trust ends, the remaining assets are distributed under the guidelines you set for your gift to charity. To learn more, click here.
Life Income Gifts
CHARITABLE GIFT ANNUNITIES
A charitable gift annuity (CGA) is a simple combination of two concepts: a charitable gift and income for life. Think of it as the gift that gives back. A gift annuity allows you to make a gift to the charity of your choice and benefit from the following: 1) Safe, fixed income for your life and the life of a loved one. 2) Tax savings — immediately and in the future. 3) Favorable treatment of capital gains, if funded with appreciated assets. To learn more, click here.
Donor-Advised Funds
DESIGNATE FUNDS WITH YOUR ADVISOR
Once you have funded your donor-advised fund, you may recommend an investment strategy for your account—potentially growing your account and providing you with more dollars to grant to charity. Many sponsoring organizations also have programs allowing you to nominate your financial advisor to manage your charitable funds’ investment.
To learn more, click here.
Donor Intent
In thinking about and working with family and professional advisors when making estate plans, consider Holy Trinity Church. Documenting an estate gift or making a gift outright presents the opportunity to sustain Holy Trinity Church and the purpose most important to you. Support of the people, programs and place of the Parish can be established through a gift agreement questionnaire to articulate your wishes. This will populate a gift agreement which can be reviewed, shared with your family and advisors, and provide a legacy for you and your family.
Contact the Foundation to determine how giving beyond the Annual Stewardship Appeal can add to the sustainability of Holy Trinity Church. Three examples of Donor designated funds that were created through thoughtful planning are:
The Alfred A. Ring Lecture Endowment
The impact of this endowment fulfills the donor’s intent to bring exceptional scholars and lecturers to Holy Trinity and the Gainesville Community. This faithful gift demonstrates the impact of gift planning to support the future. Examples of scholars include, Bart Ehrman, John Dominic Crossin, Luke Timothy Johnson, Walter Brueggemann, Rabbi Amy Jill Levine and Diana Butler Bass, The Reverend Cannon Dr Sarah Hills.
The Malcolm Randall Endowment
The importance of outreach has been an impactful ministry of Holy Trinity Church. This endowment has fulfilled the donor intentions to support the efforts of charity towards the various projects of the Out Reach Commission. Additionally, the endowment contributes annual support to the Holy Trinity Episcopal School.
The Brian and Linda Gendreau Endowment
The foresight of the Gendreau’s and their understanding of the financial needs of Holy Trinity Church led them to commit to funding an endowment to support facilities needs of Holy Trinity. Their vision in beginning this legacy for Holy Trinity serves as an inspiration for others.
Contact us today.
Let us help you prepare for meeting with your estate planning professionals.