Building the Future Now
The Mission of St. Paul’s Endowment Fund is to provide for the long-term financial support of St. Paul’s programs, ministries, services, facilities and the proclamation of the Good News of Jesus Christ in Orange County and around the world.
WHAT IS AN ENDOWMENT FUND?
An Endowment Fund is made up of larger individual gifts and bequests such as a transfer of assets, cash or property donated to St. Paul’s Endowment Fund with the stipulation that it be invested and the principal remain intact in perpetuity. The investment becomes a financial resource that St. Paul’s is able to use.
WHY CONSIDER GIVING TO ST. PAUL’S ENDOWMENT FUND?
Giving through accumulated, inherited, and appreciated resources may be called “asset stewardship.” A Christian is called to respond faithfully to God’s grace in Christ. God has acted in love towards us, calling us to respond with acts of kindness towards others. As people of God, we are encouraged to give from our accumulated resources during life and at death. As “asset stewards”, planning for the distribution of all lifetime accumulations, we take a vital step in fulfilling our God’s plan.
The donation can be made by the donor as either a restricted or unrestricted donations. There are many benefits to St. Paul’s as well as tax benefits to the donor. We, the current generation, are trustees for future generations. Therefore:
- Leave an enduring legacy for St. Paul’s.
- Help endow the ministries of Christ.
- Give where you and your family will be remembered and honored.
- Protect your estate and legacy.
TAX BENEFITS TO YOU
In addition to the immense personal satisfaction you gain from knowing that your gift supports St. Paul’s Greek Orthodox Church, you may also receive tax benefits. Depending on the gift arrangements you choose, you may:
- Reduce your income & estate taxes
- Increase your spendable income
- Attain no-cost, worry-free asset management
- You can receive a charitable deduction equal to the full market value of an appreciated stock or asset. In addition, you will not pay a capital gains tax…as a result you and St. Paul’s benefit.
THE DIFFERENT WAYS OF PLANNED GIVING
- Wills and Bequests…leave a lasting legacy. This is the most common form of Planned Giving by simply adding St. Paul’s as a beneficiary.
- Charitable Remainder Trusts… save taxes and increase your income. The donor can transfer cash, securities or other assets to a trust which then pays an income for life or a specific period of time. Upon death, the remainder of the asset goes to St. Paul’s. In addition, the trust provides an immediate tax deduction upon its establishment.
- Cash, stocks, bonds, and real estate
- Life insurance. You can gift an existing life insurance policy to St. Paul’s when it is no longer needed for your family or business protection.
REASONS WHY PEOPLE GIVE TO AN ENDOWMENT FUND
- They believe in Orthodoxy and its mission and purpose.
- They believe in St. Paul’s as a beacon for future generations.
- They like the idea of perpetuity, that is, giving beyond their own life.
- They like the idea of leaving a legacy and naming an endowment.
- They are dedicated to a specific project or program.
- They like the idea that their gift will grow with sound investment and spending practices.
- They are impressed with the investment advice and proposed management of the endowment.
- They would rather give to St. Paul’s and the tax advantage that an Endowment can offer.
- They have a history of giving to an endowment and understand the benefits.
To learn more about Endowment Giving at St. Paul’s:
Please call the parish office and someone from the Foundation Endowment Committee
will contact you. (The Endowment Fund Committee is comprised of Mark Hudoff, chairman; Hugo Aviles, Jim Eckstaedt, Mike Kartsonis and Ted Konopisos.)
ADDRESS: 4949 Alton Parkway
Irvine, CA 92604-8606