Enduring Gifts at Christ Church June 7, 2015

1. Enduring Gifts at Christ Church June 7, 2015

2. Enduring Gifts at Christ Church • Christ Church has been greatly blessed by the generosity of its parishioners throughout our history. • The land for the Church on the Hill • The Church On the Hill • The Houghteling window • The Schroeder Building • We are all the beneficiaries of these Enduring Gifts and countless others

3. Enduring Gifts at Christ Church What are Enduring Gifts? Gifts to Christ Church that we have thought about ahead of time, and planned for, so they make a difference in the future. That way, the things we really care about will continue, develop, and thrive.

4. Enduring Gifts at Christ Church It’s important to think about the future By the year 2055, some $41 Trillion will change hands as Americans pass on their accumulated assets to the next generations

5. Enduring Gifts at Christ Church • Types of Enduring Gifts • Bequests given through a Will • 80% of Enduring Gifts are bequests • Life Income Gifts (LIG) • Pooled Income Fund • Charitable Gift Annuity • Charitable Remainder Annuity Trust • Special Asset Gifts: 401(k) & Tax Deferred Accounts, Life Insurance, Real Estate, other appreciated property • Charitable Lead Trust

6. Enduring Gifts at Christ Church • Having a Will is important • What percent of Americans have a written will? • 27% • 49% • 62% • 68%

7. Enduring Gifts at Christ Church • Bequests Through Wills • It is estimated that between $6.6 trillion and $27.4 trillion in charitable bequests have/will be made between 1998-2052. • Average age of person drafting his or her first will 44 years old • Part of planning for your estate • Bequest Types: • Specific Amount • Percentage • Specific Assets & Remainder • Contingency Bequest • Bequest Designation • Restricted or Unrestricted

8. Enduring Gifts at Christ Church • Charitable Gift Annuity • Most popular Life Income Gift, nearly 90% • Annuity issued in exchange for property (usually cash/securities) • Donor receives stream of income for balance of life • Charity receives gift • Contract between donor & charity • Satisfaction of making gift while living

9. Enduring Gifts at Christ Church • Important Notes Regarding Enduring Gifts • Many of the options may also hold tax benefits for you and your family in addition to providing meaningful support to Christ Church. Please consult your financial advisor and/or attorney for more information. • Christ Church does not counsel parishioners on the legal and financial specifics of their estate plans. • All Enduring Gifts discussions at Christ Church will remain confidential

10. Enduring Gifts at Christ Church There are diversities of gifts, but the same Spirit.    – 1 CORINTHIANS 12:4 -

11. Enduring Gifts at Christ Church • We have an established structure for Enduring Gifts • Our endowment is to advance projects and address needs above & beyond those supported by the annual budget. Parishioners and friends of Christ Church have bequested monies and established endowment funds which have included: • Music and worship • Youth Ministry • Local and Global Mission • Program development and enrichment • Speakers, special programs and workshops • Facilities maintenance, restoration, and major repairs • Maintenance and beautification the Churchyard

12. Enduring Gifts at Christ Church • Stewardship of Enduring Gifts • We take our role as stewards of these Enduring Gifts very seriously.  Our Investment Committee makes prudent investment decisions in keeping with our Investment Policy, which is approved annually by the Vestry. • Clearly articulated investment policy • Rules for how funds may be spent • Oversight of our investments. • In keeping with stated intent of the gift

13. Enduring Gifts at Christ Church To give away money is an easy matter and in anyone’s power. But to decide to whom to give it and how large and when, and for what purpose and how, is neither in everyone’s power nor an easy matter. Aristotle

14. Enduring Gifts at Christ Church • To that end, please reflect on: • What does Christ Church mean to you? To your Family? • What are your hopes for Christ Church in the future?

15. Enduring Gifts at Christ Church The Christ Church community has been a nurturing and inspiring spiritual home for me over the past 20+ years. I feel deep gratitude that my gifts for ministry were recognized and encouraged. In difficult times the beauty of the liturgy grounds me, helping me to know that I am loved and guided, whatever is going on in the wider world. An enduring gift enables me to give back, in a way that will keep our beloved community vibrant, healthy, and solvent. Parishioner

16. Enduring Gifts at Christ Church • Christ Church was literally built on generosity • Wills are important • Structure & controls are in place to ensure your gift will be prudently invested & used as intended • Size doesn’t matter • All gifts, given in love and no matter what size, are treasured and will continue working forever • Please reflect on what CC means to you & your hope for the future of CC. • Please let us know if you would like more information or want to discuss specific needs

17. Enduring Gifts & Bequests at Christ Church 2013 Bequests Received: • Youth Ministry, Anonymous Donor, $85,000 • Music Fund, Healy Family, Confidential amt • Sound System, Various Donors, $13,000 • Nancy Mills Memorial, $5,000

18. Enduring Gifts & Bequestsat Christ Church 2014 Bequests Received: • Schroeder Building, Anonymous, $100,000 • 2015 Pledge Match, Anonymous, $100,000 • Schroeder Building, Marie Burnside, $200,000 • David Fargo, $10,000 • Youth Ministry, Anonymous, $65,000 • Youth Ministry, Various Donors, $16,000 • Music Fund, Healy Family, Confidential Amount • Bud Goodrich Memorial, $120,000 • Carolyn Howard Memorial, $5,000 • Lon Ramsey Memorial, $2,000

19. Enduring Gifts at Christ Church For where your treasure is, there your heart will be also. - MATTHEW 6:21 -