PLANNED GIVING The Life Planning Model
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Transcript of PLANNED GIVING The Life Planning Model
PLANNED GIVINGPLANNED GIVINGThe Life Planning ModelThe Life Planning Model
BY CARL KNIRKBY CARL KNIRK
Canon for Planned Giving/Stewardship/ EvangelismCanon for Planned Giving/Stewardship/ Evangelism
Diocese of Olympia, Seattle, WashingtonDiocese of Olympia, Seattle, Washington
A PRAYERA PRAYER
Gracious God, give us a generosityGracious God, give us a generosity
that pushes back the boundaries, for that pushes back the boundaries, for even death by You has been even death by You has been defeated.defeated.
With all our powers we find our power With all our powers we find our power in You.in You.
The Light shines on, and life is lived in The Light shines on, and life is lived in You. AmenYou. Amen
FOUR FIELDS OF GIVINGFOUR FIELDS OF GIVING
Annual GivingAnnual Giving Capital GivingCapital Giving Mission GivingMission Giving Legacy GivingLegacy Giving
Healthy, vibrant churches practice all Healthy, vibrant churches practice all four regularlyfour regularly
RUBRIC ON PAGE 445
The Minister of the Congregation is directed to instruct the people, from time to time, about the duty of Christian parents to make prudent provision for the well-being of their families, and of all persons to make wills, while they are in health, arranging for the disposal of their temporal goods, not neglecting if they are able, to leave bequests for religious and charitable uses.
WHY DO PEOPLE GIVE TO THE WHY DO PEOPLE GIVE TO THE CHURCH?CHURCH?
Because they love ChristBecause they love Christ
For mission and ministryFor mission and ministry
To share the Good NewsTo share the Good News
Because they were askedBecause they were asked
WHY HAVE MEMBERS OF OUR CHURCH NOT MADE
ARRANGEMENTS FOR LEGACY GIFTS?
BECAUSE NO ONE ASKED! YOU’VE PROBABLY BEEN ASKED BY
SOME OTHER INSTITUTION
THE LIVING TREETHE LIVING TREE(see Dio. of Oly. Brochure)(see Dio. of Oly. Brochure)
““People have made at least a start People have made at least a start
at understanding the meaning of at understanding the meaning of
life when they plant shade trees life when they plant shade trees under which they know full well under which they know full well
they will never sit”they will never sit”
David Elton TruebloodDavid Elton Trueblood
ENCOURAGE UNRESTRICTEDENCOURAGE UNRESTRICTEDPERCENTAGE LEGACY GIFTSPERCENTAGE LEGACY GIFTS
Think percentages, ten percent of Think percentages, ten percent of nothing is nothingnothing is nothing
A specific amount could be too much A specific amount could be too much or too littleor too little
Unrestricted giving trusts that the Unrestricted giving trusts that the vestry will use the gift wiselyvestry will use the gift wisely
We don’t necessarily know the needsWe don’t necessarily know the needs of the church years from nowof the church years from now
GIFTS FOR ENDOWMENTGIFTS FOR ENDOWMENT
Appeals to about 30% of donorsAppeals to about 30% of donors
Person’s gift lives on in perpetuityPerson’s gift lives on in perpetuity
Only income/appreciation are spent, Only income/appreciation are spent, principle is protectedprinciple is protected
LIFE PLANNING SEMINARSLIFE PLANNING SEMINARS
Sets the ministry of planned giving in Sets the ministry of planned giving in a Christian contexta Christian context
Comprehensive, from wills to Comprehensive, from wills to memorial servicememorial service
Avoids leaving a mess for our Avoids leaving a mess for our family/friends to clean upfamily/friends to clean up
SEMINAR OVERVIEW
One hour or less, after Sunday worship has proven successful
Offer some good Episcopal food Advertise and invite well in advance with newsletter articles, bulletin
announcements, letter from clergy
SEMINAR OVERVIEW
Can also be done in partnership with an attorney talking about estate planning 101, last 2 or 3 hours
Clergy person talking about end of life issues, pastoral care
Be sure to include a handout with ways to make planned gifts with sample language
THE LIFE PLANNING MANUALTHE LIFE PLANNING MANUALDiocese of OlympiaDiocese of Olympia
First written in 1994First written in 1994 9,000 copies distributed free since9,000 copies distributed free since Copy available for free in aCopy available for free in a
word file and pdf format at word file and pdf format at www.ecwwgift.org
The Diocese of Olympia Planned The Diocese of Olympia Planned Giving websiteGiving website
, WHY SHOULD WE DO THIS PLANNING WORK?
Matthew 24:42 So we don’t leave a mess for our
family to clean up To leave a legacy, acting on our
values and faith Rubric on page 445 of the Book of
Common Prayer
EMPHASIS ON WILLS
8 out of 10 legacy gifts are simple bequests in one’s wills
If you die without a will, the state has one for you
For many, a simple codicil can be added to an existing will
You need to see an attorney
CHRISTIAN PREAMBLE
Personal statement of faith to be added to your will, witness to others
Provide it to your attorney and ask it be added at the beginning of your will
SAMPLE BEQUEST LANGUAGE
Provide members of the church sample language for a bequest to their church
Suggest unrestricted, percentage giving
Endowments appeal to many, your gift lives on in perpetuity
Be prepared to counsel donors
OTHER COMMON WAYS TO OTHER COMMON WAYS TO MAKE LEGACY GIFTSMAKE LEGACY GIFTS
Life Insurance Life Insurance
Retirement PlansRetirement Plans
IRA’SIRA’S
GIFTS THAT PROVIDE INCOME
Charitable Gift Annuity – tax deduction, income for life, rates based on age
Charitable Trust – gift of cash, property, securities, provides income for life, tax deduction
DURABLE POWER OFATTORNEY
As important as a will Makes decisions for you should you
become incapacitated Use discernment, offer suggestions
in who you name The are lots of stories where this can
go awry
HEALTH CARE DIRECTIVE
Also called Living Will Durable Power of Attorney for Health
Care Advanced Care Directive Forms available on line for your
state, in hospitals, doctor’s offices Share your decisions with your family
in advance, tell them where to find the form
LOVING LETTER
Being done more as people live longer but have their wisdom and want to share it after their death
Opened after you die, written to loved ones
Some stories
PLANNING YOUR MEMORIAL SERVICE
Doing this in advance is a real blessing to your family and clergy
Sit down with clergy to do the plan, have a copy on file at the church
You have some wonderful choices What will the party after look like Remember, it’s a celebration of your
life Some stories
INFORMATION FRIENDS AND FAMILY NEED
This is a section that can be as comprehensive as you wish
It can be done in a word file and given to loved ones
Having it all in one place will be an incredible blessing
SOME KEY ITEMS
The Will – where is it? Safe Deposit Box – the key? Executor of Estate Passwords Who you want notified Insurance, investments, etc.
OBITUARY
You can write your own
Who do you notified when you die, provide names, phone numbers, list
DISPOSITION OF PERSONAL EFFECTS
Make a list of articles and who you want to be beneficiary
This can save a lot of arguments and misunderstanding, family scraps
Reference the list in your will and where to find it – state laws may be different
WHERE TO KEEP THIS INFORMATION
Fireproof deposit box in your home Plastic bag in freezer File cabinet Regardless, tell your loved ones
where they can find this information
DIOCESAN RECOGNITION DIOCESAN RECOGNITION SOCIETY FOR LEGACY GIFTSSOCIETY FOR LEGACY GIFTS
Allows the Bishop and Diocese Allows the Bishop and Diocese
to say thank youto say thank you Gives a platform for planned Gives a platform for planned
giving ministry across the diocesegiving ministry across the diocese You can never say thank you enoughYou can never say thank you enough Cultivates additional giftsCultivates additional gifts
BISHOP’S SOCIETYDiocese of Olympia
Started in 1993, had 184 members in 1998, now has 1390, 10% have passed on
Every person receives purple leather bookmark, lapel pin
Hold thank you events once or twice a year
Any Episcopal ministry qualifies
LOCAL LEGACY SOCIETIESLOCAL LEGACY SOCIETIES
Recognizes those who’ve Recognizes those who’ve remembered their local church in remembered their local church in their estate planstheir estate plans
Schedule a Legacy Sunday that fits Schedule a Legacy Sunday that fits liturgically – prayers, sermon, liturgically – prayers, sermon, witness, receptionwitness, reception
It’s about inviting others to It’s about inviting others to
leave a legacy for Christ’s workleave a legacy for Christ’s work
LEGACY SOCIETY KIT
Updated in 2009, based on formation of Emmanuel Church, Mercer Island Legacy Society
Comprehensive Includes structure formation,
marketing, celebration Even has prayers of the people,
sample liturgy for Legacy Sunday
IS THIS A GOOD REASON TO IS THIS A GOOD REASON TO HAVE A WILL?HAVE A WILL?
Avery Knirk, 6 years Avery Knirk, 6 years old, Audrey, 3, old, Audrey, 3, Renton, Renton, WashingtonWashington
God blesses us with God blesses us with so much, grand-so much, grand-
children top the listchildren top the list
HAVE YOU TAKEN CARE OF HAVE YOU TAKEN CARE OF YOUR LOVED ONESYOUR LOVED ONES
You need a will, You need a will, health care health care directive, the directive, the family needs to family needs to know your plansknow your plans
We never know We never know when our time when our time
will comewill come
WE ARE RESURRECTION WE ARE RESURRECTION PEOPLEPEOPLE
We believe in one holy catholic and We believe in one holy catholic and apostolic Church.apostolic Church.
We acknowledge one baptism for the We acknowledge one baptism for the forgiveness of sins.forgiveness of sins.
We look for the resurrection of the We look for the resurrection of the dead, and the life of the world to dead, and the life of the world to come.come.
The Nicene CreedThe Nicene Creed
TIME TO GET MOVINGTIME TO GET MOVING
Get your affairs in order, God does Get your affairs in order, God does not want us to leave a messnot want us to leave a mess
None of us knows when our time will None of us knows when our time will comecome
The biggest sin in legacy planning The biggest sin in legacy planning and giving is “procrastination”and giving is “procrastination”
IN SUMMARYIN SUMMARY
Everything you have is a gift from Everything you have is a gift from God. Christian Stewardship is then God. Christian Stewardship is then what we do with all that God has what we do with all that God has given us, after we say, “I believe.”given us, after we say, “I believe.”
For a copy of this For a copy of this powerpoint presentation powerpoint presentation
email:email:[email protected]@ecww.org
A BLESSINGA BLESSING Life is short and preciousLife is short and precious and we do not have too much timeand we do not have too much time to gladden the heartsto gladden the hearts of those who travel the way with us;of those who travel the way with us; so be swift to love,so be swift to love, and make haste to be kind;and make haste to be kind; and may the blessing of the Oneand may the blessing of the One who made us,who made us, who loves us,who loves us, and who travels with us,and who travels with us, be upon you, and those you love dearly,be upon you, and those you love dearly, this day and always. Amenthis day and always. Amen