The Society of the Dove
Sustaining the Future of the Parish Beyond Your Lifetime
For over 100 years our parish has provided a vital ministry thanks in large part to the generosity and legacy left by previous generations. As Christians we believe that all that we are and all that we have comes from God. Our challenge is to use our lives and our resources to the greater glory of God.
A meaningful way to use your resources beyond your lifetime is by including Holy Comforter in your estate planning. When you make plans for your future and for those you love, please also consider including the church, which not only helps assure the future of Holy Comforter, but also provides charitable tax deductions for your estate.
What is planned giving?
A planned gift is usually made from accumulated resources and involves financial or estate planning. Those members, who can no longer make a large annual gift, appreciate knowing they can still make a substantial contribution through their estate. However one need not be wealthy to make a planned gift, rather it is a way to make a thoughtful choice regarding the ultimate disposition of your assets and the legacy you leave behind.
The most familiar way to make a planned gift is to leave a bequest through a will or trust. Whether you are making a new will, updating a current one or simply adding a codicil, you can specify the Church of the Holy Comforter and know you have helped sustain the church's future. During your lifetime, you retain control of your assets and your charitable gift reduces your taxable estate.
Legal designation for your will or trust: I give (x dollars or x percent or all of the residue of my estate) to The Church of the Holy Comforter, 222 Kenilworth Avenue, Kenilworth, IL 60043.
Additional suggestions for your consideration.
We strongly encourage you to discuss your planned giving intentions with your financial advisor or attorney to determine what might be appropriate for you. We also encourage you to let us know your plans so we can express our gratitude. We will always respect your request to remain anonymous.
- Retirement Accounts - Naming Holy Comforter as a first or secondary beneficiary of an IRA, 401(K) or other retirement plan allows you to give to the church beyond your lifetime and may significantly minimize estate taxes
- Life Insurance - If you have a paid up insurance policy that is no longer needed for its original purpose, you could make Holy Comforter the owner and beneficiary and in turn receive a charitable deduction.
- Gifts of appreciated assets or real property - You may fund your planned gift to Holy Comforter through appreciated stock, a primary or seasonal residence, or other personal property. The Gift Acceptance Committee of the vestry will work with you and your financial advisor to assure the appropriate issues are covered.
- Charitable Remainder Trusts and Charitable Lead Trusts - If it is appropriate, your financial advisor may recommend either of these trusts which allow you to leave gifts to your heirs as well as a charitable gift to the church. In a remainder trust, you receive an immediate tax deduction and income for life with the remainder coming to the church. In a lead trust, Holy Comforter receives an income for a specified number of years and the principal is retained for your heirs.
The Society of the Dove
In Recognition of Your Estate Planning
The dove is the traditional symbol of the Holy Spirit and the source of the name Holy Comforter. The Society of the Dove acknowledges and recognizes your estate plan (unless anonymity is requested) through the church's Annual Report. Those who inform the church of their intentions to include Holy Comforter in their estate plans by December 2015, will be included on the Founding Members plaque. Members of the Society of the Dove will be invited to a special event each year.
We encourage you to consider including Holy Comforter in your estate planning, discuss your intentions with your financial advisor or attorney and then please let us know so we may acknowledge and thank you for your thoughtful generosity.
For more information contact:
The Rev. Dr. Jason L.Parkin, 847.251.6120 or firstname.lastname@example.org.