Legacy Gift Planning

Marketable Securities and Closely Held Stock are one of the most popular assets to use when making a gift. Making a gift of securities offers you the chance to support God’s work while realizing these important benefits for yourself:

• When you donate securities you have held for more than one year, you can reduce or even eliminate federal capital gains taxes.
• You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. Speak with your financial advisor.

Securities are most often used to support St. Paul through:

• A direct gift. When you donate securities to St. Paul, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent!
• A transfer on death (TOD) designation. By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime.

This is a way for you to support St. Paul and feel confident that you have a dependable income stream in retirement. This type of donation can bless in two ways. It supplies income to you and it provides St. Paul with the resources to continue God’s work.

We partner together to expand His kingdom! You may also qualify for a series of tax benefits, including a federal income tax charitable deduction when you itemize. The older you are, the better compound interest rate which increases your income from the CGA!

When the original purpose for a life insurance policy no longer applies—such as a college fund for grown children or providing financial security for a spouse—your policy can become a powerful and simple way to support God’s work.

There are three ways to give life insurance gifts to St. Paul:

• Name St. Paul a beneficiary of the policy.
• Make an outright gift of an existing policy to St. Paul.
• Make an outright gift of a new policy.

A donor advised fund is like a charitable checking account. It gives you the flexibility to recommend how much and how often money is granted to St. Paul and other qualified charities. You can designate an immediate gift or recurring gift or use your fund as a tool for future charitable gifts. Many donors decide to create a DAF through their estate plans to encourage their children to participate in giving decisions.

You can also create a lasting legacy by naming St. Paul the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations. We service all DAF’s through whichever Christian or Community Foundation you prefer (we worth with several entities).

A charitable remainder (uni)trust provides you or other named individuals income each year for a period not exceeding 20 years. At the end of the trust term (up to 20 years), the balance in the trust can go to St. Paul as a gift to God’s work.

Each year, a CRT pays a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of each payment is redetermined annually. If the value of the trust increases, so do the payments. If the value decreases, however, so will the payments.

Want to make a big gift to St. Paul without touching your bank account? Consider giving a gift of real estate. Such a generous gift helps St. Paul continue God’s work for years to come. And a gift of real estate also helps you. When you give appreciated property that you have held longer than one year, you qualify for a federal income tax charitable deduction. This most often eliminates capital gains tax. And you no longer have to deal with that property’s maintenance costs, taxes, or insurance.

Another benefit:
You do not have to hassle with selling the property – let St. Paul do that instead. You can deed the property directly to St. Paul or ask your attorney to add a few sentences into your will or trust agreement.

When you make a gift of real estate, you qualify for a federal income tax charitable deduction equal to the property’s full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property, you also eliminate capital gains tax on its appreciation.