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:
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:
The Different Ways of Planned Giving
Wills & Bequests
Leave a lasting legacy. This is the most common form of Planned Giving. Simply add 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, & Real Estate
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
Have a Question or Want to Learn More?
Call the parish office at (949) 733-2366 or contact us below and
a member of our Foundation Endowment Committee will get back to you
Mark Hudoff, Endowment Chairperson
Hugo Aviles, Endowment Committee Member
Jim Eckstaedt, Endowment Committee Member
Mike Kartsonis, Endowment Committee Member
Ted Konopisos, Endowment Committee Member