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How Can Your Donations Help the Episcopal Church Foundation?

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Donating to causes that are important to you not only benefits the charities but can also be extremely rewarding for you. Millions of people donate to charity on a regular basis to support causes they believe in and to benefit their own lives.

The Episcopal Church Foundation (ECF) is a non-profit organization dedicated to the growth, revitalization, and transformation of Episcopal faith communities. The organization is succeeding in its mission to inspire and nurture church leaders, assist in the acquisition and management of financial assets, and provide high-quality and innovative resources and ideas for use throughout the Church.

Donation Programs 

ECF’s programs play an important role in constructing the Church of the future. This work does not come cheap. Individuals, foundations, and others who care about this important work make generous contributions to ECF. We hope you will consider making a contribution to help ECF continue to respond to God’s call in meaningful and lasting ways.

Here’s how you can help if you’re interested in donating to ECF:

Ways to Make a Planned Gift

Bequests and Wills

The most straightforward way to make a planned gift is to include the Episcopal Church Foundation in your will. A bequest is a meaningful way to support their work while not interfering with your cash flow during your lifetime. Your attorney can include it when preparing or revising your will, or you can add it at any time.

Some examples of bequests include:

A specific bequest specifies the amount of money, securities, or other assets that you want to leave to ECF. It can also represent a specific percentage of the total value of your estate.

After all other bequests have been satisfied, a residuary bequest leaves the remainder of your estate (or a percentage of the total) to your beneficiaries.

You can designate ECF as the beneficiary of a contingency bequest, which accounts for the possibility of a change in your beneficiary’s circumstances.

Unrestricted and Restricted Gifts

If you want to make a restricted gift, make sure to include language that allows ECF to re-direct the use of your gift if the specified initiative, program, or purpose no longer requires funds in the future.

Charitable Gift Annuities

A charitable gift annuity is a straightforward arrangement between you and the Episcopal Church Foundation. ECF pays one or two annuitants to whom you designate a fixed annuity for life in exchange for your irrevocable gift of cash or securities, and you will be eligible for an income tax deduction in the year you make the gift.

The minimum age to begin receiving annuity payments at ECF is 55. You can, however, establish a charitable gift annuity at a younger age and postpone the start of annuity payments until the age of 55. ECF requires a minimum of $5,000 to establish a charitable gift annuity.

You will receive an instantaneous income tax deduction for a portion of your gift, and your annuity will be backed by the entirety of ECF’s assets.

Retirement Plans

Through your retirement plan, you can make a contribution to the Episcopal Church Foundation. Certain retirement plans, such as IRAs, Keoghs, 401ks, and 403bs, allow you to postpone paying taxes until you withdraw income during retirement. However, these accounts are frequently subject to significant taxes after your death.

Charitable Trusts

A charitable trust can help you achieve your short- and long-term financial, estate, and philanthropic objectives. A donor makes an irreversible transfer of cash, real estate, stock, or other assets to a trust that generates income for the donor or another beneficiary for a set period of up to twenty years or until the donor or another beneficiary dies. The remaining principal possessions will be distributed to ECF at the end of the trust period.

Pooled Income Fund

A contribution of $2,500 or more to a pooled income fund is “pooled” with other contributions in a professionally managed investment portfolio. You or your designated receiver will be guaranteed an income for the rest of your life, with the amount determined by the fund’s investment returns. You will receive an instant federal income tax deduction as well as possibly a reduction in estate taxes. When you die, or the final beneficiary dies, the remaining property will pass to ECF.

Bank Accounts, Securities, and Certificates of Deposit

A planned gift to ECF can be made at no cost by designating it as the beneficiary of a bank account or security. You can direct any financial institution with which you have an account or are the holder of a security to place your asset in a trust (also known as a Totten Trust or a Transfer upon Death Account) that will be transferred directly to the Episcopal Church Foundation upon your death.

Life Insurance Policies

ECF welcomes philanthropic support in the form of gifts of life insurance policies once the policies have been paid in full and ECF has been named as the owner and irrevocable beneficiary of the policy.

End Note 

ECF works hard every day to ensure that all lay and clergy leaders have access to the resources they need to thrive. But they can’t do it alone. There are ways you can help them achieve their mission: you can donate money to support their programs, or you can also spread the word about our work by sharing our website and social media posts with your friends and family. Whatever you do, know that your support is essential to ECF’s success. Thank you for helping ECF strengthen the Episcopal Church community!

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

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Lifestyle

Veterans Care Coordination Outlines 10 Ways to Honor Senior Service Members

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Honoring senior veterans is a meaningful way to acknowledge their service and sacrifices for the country.While there are many different ways to honor those who have served their country, Veterans Care Coordination (VCC) – a company that helps senior Veterans apply for home care services, has outlined 10 of the most effective ways to show appreciation and respect to older servicemembers in our communities.

1. Attend Veteran Ceremonies and Events: Participate in local veteran ceremonies, parades, and events, especially on days like Veterans Day and Memorial Day. Your presence demonstrates respect and recognition for their contributions.

2. Volunteer for Veteran Organizations: Many organizations that support veterans need volunteers. Offer your time to help with events, administrative tasks, or outreach programs that benefit senior veterans.

3. Visit Veteran Homes and Hospitals: Spend time with veterans in homes and hospitals. Many senior veterans, especially those in long-term care, appreciate visits  and the opportunity to share their stories.

4. Educate Yourself and Others: Learn about the history, challenges, and contributions of veterans. Educate others by organizing or participating in community talks, school projects, or social media campaigns.

5. Support Veteran-Owned Businesses: Patronize businesses owned by veterans. This economic support helps veteran entrepreneurs and shows appreciation for their continued contributions to the community.

6. Create a Community Project: Initiate projects that specifically benefit senior veterans, such as building wheelchair ramps for disabled veterans or organizing social events that cater to their interests and needs.

7. Offer Your Skills and Services: If you have special skills or services, offer them to senior veterans. This could include legal advice, home repairs, medical care, or technological assistance.

8. Donate to Veteran Charities: Financial contributions to reputable organizations supporting veterans can make a significant impact. These donations often go toward programs that improve the quality of life for senior veterans.

9. Write Letters or Cards: Sending personalized letters, cards, or care packages to Senior veterans, particularly those without close family, can brighten their day and make them feel valued and remembered.

10. Advocate for Veteran Rights and Benefits: Be an advocate for veteran rights and benefits, ensuring they receive the support and recognition they deserve. This can involve supporting legislation, participating in advocacy groups, or simply spreading awareness of the issues facing senior veterans.

By implementing these actions, individuals and communities can honor senior veterans in meaningful ways, showing gratitude for their service and ensuring they are respected and remembered.

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