giving money to save money

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Giving Money to Save Money Generosity as a practical and spiritual exercise of stewardship

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Page 1: Giving Money to Save Money

Giving Money to Save Money

Generosity as a practical and spiritual exercise of stewardship

Page 2: Giving Money to Save Money

Why generosity?

God pours abundant grace upon us without expectation of repayment. All we have comes from God. Generosity is our freely offered response to the gifts we have received.

Page 3: Giving Money to Save Money

Why give to the church?

-an act of faith and trust – there will be enough -act of thanksgiving to God – this is God’s “house”-an act of surrender – giving up control-helps to sustain and spread the blessings of this community

Page 4: Giving Money to Save Money

There are lots of ways to give

“The duty of all Christians is to follow Christ; to come together week by week for corporate worship; and to work, pray, and give for the spread of the kingdom of God.” (BCP 856)-Time-Talents and abilities-Treasure (money and tangible resources)

Page 5: Giving Money to Save Money

How does giving lead to saving?

-When we plan our time, we often have more time to give. Sabbath effect: people who keep periods of rest usually find they have enough time to get everything done.-When we budget our income/expenses, including gifts, we are more likely to save money overall, simply because we are paying attention.-People who give a significant percentage of their income often report that they usually have enough, even more than enough, money after they give.-In the U.S., charitable giving can often result in reduction or avoidance of some tax requirements.

Page 6: Giving Money to Save Money

Treasure: categories of giving at church

-occasional giving (non-pledge money in the plate, special appeals for charitable needs)-annual pledged giving (supports church annual operating budget – 90%)-capital giving (gifts for capital improvements)-planned, long-term giving (gifts from investments, estates; may be immediate or deferred)

Page 7: Giving Money to Save Money

Who needs to consider planned giving?

Everyone!-people planning for retirement -people helping family members plan for retirement-anyone who hopes to have something to pass along after death-anyone who stands to receive something after someone else dies-anyone who may have property to sell or give

Page 8: Giving Money to Save Money

Get help!

It helps to consult a qualified professional for advice about these matters. Make sure the person you consult understands the right way to structure gifts so that tax benefits can be realized.

Page 9: Giving Money to Save Money

Ask the questions…

How am I being invited to be generous?

How could I give in order to save?

What might I want to plan on giving later?

Page 10: Giving Money to Save Money

Examples of Planned Gifts

-cash-appreciated securities (stocks, bonds, mutual funds)-Real estate-Personal property-bargain sale (portion of sale of property)-retirement assets-life insurance-wills and bequests

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Other deferred gifts

• Pooled income fund• Charitable gift annuities• Charitable remainder trusts• Charitable lead trusts• Gifts of real estate with life estate reserved

Page 12: Giving Money to Save Money

Have you included St. George’s in your plans?

Please let us know!Cards on tables:

Give us your 1. Name

2. Contact information3. Would you like more information?

4. Have you included St. George’s in your plans? If so, how?

Page 13: Giving Money to Save Money

Resources

-St. George’s – call us or www.stgeorgesepiscopal.net -Episcopal Church Foundation www.EpiscopalFoundation.org-Diocese of Virginia www.thediocese.net

Page 14: Giving Money to Save Money

Episcopal Church Foundation brochure and booklet titles

Planned Giving (overview) Charitable Gift Annuity Charitable Remainder Trust Pooled Income Fund Writing Your Will Planned Giving (overview) Charitable Gift Annuity Charitable Remainder Trust Pooled Income Fund Planning for the End of Life