The rate of return fluctuates based on the performance of the portfolio. If you are seeking a set rate of return annually, a Charitable Remainder Annuity Trust is an option to consider. Charitable Remainder Trusts may be established with any entity that you choose as trustee, which is qualified to do so, including individuals, local banks, or institutions such as the Episcopal Church Foundation. Gifts of Life Insurance Life insurance is a popular and convenient way to make a sizeable gift to the Church. This enables you to leverage your gift, ultimately making a much larger gift than otherwise possible.
Premiums become tax deductible.
You can make the Church the owner and beneficiary of an existing policy. The current value of the policy is tax deductible, as are future premium payments. You can make the church a contingent beneficiary of an existing policy, i.e., name the church to receive the proceeds of the policy if the designated beneficiaries predecease the insured. Also, you can use life insurance in conjunction with another planned gift. For example, you can purchase life insurance with the income received from a life income trust, thus replacing, and in some instances, surpassing, the principal removed from the estate by the gift.