STEWARDSHIP at CALVARY

 

Planned Giving

Just as we should support God's work at Calvary during our lifetimes, we should also make provision to ensure Calvary's future after our lifetimes through planned giving. There are a number of ways to make a planned gift to Calvary. Any gift or bequest that you make through your will or through a trust arrangement automatically makes you eligible for membership in the Society of St. Michael at Calvary, which is currently in the formation phase to recognize all who have made a provision of support for Calvary Church as part of their estate plan and have notified Calvary Church of that intention in writing. The amount of the support is completely confidential.

You should, of course, consult with your attorney and/or financial advisors for advice and guidance in the approach to planned giving that you choose for you and your family. We suggest two possible options for your consideration:

 

Gifts by Will

Bequests through wills to Calvary Church are exempt from federal estate tax and from most state inheritance taxes. By your will or a revocable trust, you may make Calvary the beneficiary of cash or other property. You may designate specific amounts or a percentage of your estate or make Calvary a residual beneficiary of your estate after payment of specific bequests, expenses, and taxes. It would be very helpful to Calvary Church to have a copy, for its records, of that portion of your will. Bequests will support Calvary's current religious programs or, if indicated in the Will, will help to build up Calvary's endowment. Please consult with Calvary's Treasurer if you are considering a bequest that would be restricted to a particular purpose or if you contemplate making bequests of gifts of property other than money or securities.

As you plan your will, here are a few samples for you to consider as you work with your legal counsel to determine the best bequest language for your goals:

Specific amount (or percentage) for general purposes
"I give the sum of $___(or ___% of the rest, residue, and remainder of my estate) to Calvary Episcopal Church, Pittsburgh, Pennsylvania, for its general purposes."

Unrestricted Bequest to the Endowment Fund of Calvary Church
"I give the sum of $___( or ___% of the rest, residue, and remainder of my estate) to Calvary Episcopal Church, Pittsburgh, Pennsylvania to be placed into the Endowment Fund of Calvary Church, to be used at its discretion for its general purposes."

 

The Society of St. Michael at Calvary Church

If you so wish, if you make Calvary Church a beneficiary in your will or revocable trust and notify the Church in writing of your intention, you will automatically become a member of the Society of St. Michael at Calvary Church. This society is currently in the formation phase.

Current Gifts with Income Retained

Charitable Gift Annuity
Calvary Church, in conjunction with the Pittsburgh Foundation, has established a Charitable Gift Annuity. With a Charitable Gift Annuity, you make a gift in return for guaranteed fixed income based upon your age at the time of your gift. The income is not affected by market fluctuations. View a copy of the Charitable Gift Annuity brochure (as a .pdf document). Interest rates change more frequently than the brochure does. Please call the treasurer's office for current rates of interest.

 

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