Planned Giving

Leaving a Legacy

Would Like to Help? Can’t Afford it Now? Would Like to Lower Estate Taxes? Then Leave a Legacy to St. Timothy’s. The simplest way to leave a legacy to St. Timothy’s is through a bequest in your will.

St. Timothy’s urges parishioners to undertake estate planning to protect the family assets throughout life and at the time of death; it reminds them that it is appropriate to remember the church when executing wills, charitable remainder trusts, life income gifts, etc. and when designating beneficiaries for life insurance policies, IRA’s, etc.

The transfer of funds for something you value highly is deferred until after your death, so a bequest does not decrease your current assets or income. Here are several ways you can do this: Give a percentage of your assets or a fixed dollar amount, say $10,000, or more or less. Give a specific asset, i.e., stocks, real estate, etc. Give a portion of your IRA or retirement plan (percentage or fixed dollar). Give a residual bequest – what is left of your estate after other inheritance designations.

Consult with your attorney when writing a new will or amending one already in place. For more information about gifts to St. Timothy’s call (513) 474-4445.

Planned Giving Committee

Since January, a group of parishioners who strongly believe St. Timothy’s should be endowed with financial resources to continue and expand its mission have been meeting to lay the legal groundwork for a Planned Giving Committee, an arm of the Parish’s Development Committee. The focus of the Planned Giving Committee will be to safeguard and grow the Endowment Fund that already exists and encourage parishioners to consider supporting the Endowment Fund either through a special gift or by remembering St. Timothy’s in their estate plans.

St. Timothy’s Endowment Fund was set up in 1978. That previous parishioners had the foresight to establish the Fund is witness to our parish’s faith in the church’s mission and future vision. The Fund embodies the hope and confidence that St. Timothy’s will continue for future generations.

The Planned Giving Committee is charged with preserving the principal of the fund and maximizing the income earned. Once the Fund’s balance reaches a sufficient level to distribute income from the investments, the Planned Giving Committee will accept funding proposals from the Vestry and distribute funds in the following areas:

• Youth ministries
• Outreach ministries
• Music program
• Maintenance of the physical plant of the Parish
• Other purposes as designated by donors, including providing seed money for new ministries and special one-time projects

At the May 18^th Vestry meeting, the enabling documents were approved to form the Planned Giving Committee. Six committee members were appointed: Ellie Berghausen, Dan Bird, Peter Briggs, Judy Copetas, Jerry Eichert and Jim Russell. The Rector Roger Greene, the Vestry’s Senior Warden (Brian Wildman) and the Development Committee’s Chair (Pat Ryan) also serve as ex officio members of the Planned Giving Committee. At the Annual Meeting in January 2010, the Parish will vote to ratify these appointments.

Next on the agenda for the Planned Giving Committee is to provide more in-depth information to the Parish about planned giving in general, and specifics on how individuals can invest in St. Timothy’s future through gifts to its Endowment Fund.

If you have questions about the Planned Giving Committee, about its purpose or plans, please don’t hesitate to call one of the members. They are looking forward to assisting in advancing the mission of St. Timothy’s Episcopal Church.