Every fall, St. Anne’s, with support from the Stewardship Committee, invite those who are participating in the life of St. Anne’s to make a financial commitment or a pledge, to support the church’s budget for the following year. Our pledges provide the Finance Committee upon approval of the Vestry with the ability to meet the operating costs of our ministry programs as well as our building and staff operations, including salaries, building maintenance, utility bills, printing expenses and nursery caregivers, among other expenses.
Pledges can be paid in any number of ways. You can use for special envelopes to put in the offering plates on Sunday mornings, send in pledge payments on a schedule that fits with your other commitments. Some people pay their pledge at the beginning of the year, some at the end.
You can also pledge and or give online.
Memorials, Restricted Gifts, and Major Gifts
Memorials, restricted gifts, and major gifts will typically fall into one of two categories: Non-Endowed and Endowed. Generally speaking, endowed gifts limit spending to income only, allowing the principal to remain intact in perpetuity. Non-endowed gifts allow the use of both principal and income to provide support for St. Anne’s as determined by the Vestry. In order to provide guidance to the Vestry, and others who may counsel those individuals or families who express interest in making gifts to the church, the following funding options are provided:
Restricted Fund (Non-Endowed)
All individual or collective memorial or tribute gifts shall be deposited in a Restricted Fund. These include gifts made in memory of or in honor of named individuals. The Restricted Fund will be used in a manner that honors the lives for whom funds are given and will be used for expenditures that have a multi-year benefit or direct benefit to the Church. Distributions from a Restricted Fund shall be determined by the Treasurer in consultation with the Vestry.
Gifts for a Specific Expenditure
Upon approval by clergy, or the Senior Warden, the church may receive funds intended to be used for a specific expenditure, i.e., the purchase of an asset needed by the church to carry out its mission. For example, John Smith makes a gift of $25,000 for the purchase of a vehicle for use by EYC and other programs. The funds would be temporarily restricted until actually used for the purchase intended and any excess funds remaining would be used at the discretion of the Vestry. Specific assets purchased will not be named by the donor unless the conditions outlined below are satisfied.
Gifts greater than $25,000
Individual donors or families can work with the Vestry to establish a named, endowed fund for $25,000 or more for the benefit of St. Anne’s. Only gifts of $25,000 or more have the potential to carry a donor’s or donor’s family name, whether on a fund, a tangible item, or a physical room or location on the church property.
Named Endowment Funds
- Lifetime or planned gifts greater than $25,000 may be separately named and may reflect areas of particular interest if donors’ wishes are outlined in writing. Regardless of the value of these gifts, the Vestry reserves the right to redirect the use of any restricted bequest if the charitable purpose of the bequest cannot be fulfilled as outlined.
- The individual donor or family and Church leadership must execute a written agreement with the name of the fund and its purpose clearly outlined.
- The agreement will contain a frustrated purpose clause that allows the Vestry to redirect the fund income if the original purpose of the agreement cannot be achieved.
- In the absence of a gift agreement, gifts greater than $25,000 will be deemed “unrestricted” and used at the discretion of the Vestry.
Planned Giving Options
It is the goal of the Vestry of St. Anne’s Episcopal Church to encourage all forms of charitable giving to provide current and future support for the work of the church staff and lay leadership. The following is a brief list of gift options. If you have questions or would like to privately discuss gift opportunities, please contact the Clergy, a member of the Vestry, or Church Treasurer.
- Gifts of Stock – Publicly traded stocks and bonds may be electronically transferred, re-registered in the name of the church, or conveyed through the use of a stock power form. The church will accept interests in mutual funds.
- Gifts of Real or Tangible Personal Property – Real estate or personal assets may be contributed to the church. Procedures for Review of Gifts must be met before gifts are accepted.
- Living Trust – Donors can create, with the assistance of their personal advisors, a trust to benefit St. Anne’s Episcopal Church, both during their lifetimes and after their death(s).
- Charitable Remainder and Lead Trusts – While the church does not serve as trustee for these planned gifts, we encourage donors to discuss these giving opportunities with their professional advisor(s).
- Charitable Gift Annuities – Contracts which provide a stream of income to donors and a remainder benefit to the church may be written using a variety of financial and other charitable institutions.
- Gift of a Remainder Interest – Donors have the opportunity to contribute their home or farm for the future works of the church and maintain the ability to use these facilities for their lifetime(s).
- Life Insurance Gift – Donors can gift an old or new life insurance policy with St. Anne’s Episcopal Church named as the beneficiary and owner providing an opportunity to make a significant gift to the church with little expenditure. All premium payments are the responsibility of the donor and not the church.
- Retirement Plan Gift – Donors can make a gift by naming St. Anne’s Episcopal Church as the charitable beneficiary of a retirement plan after the death of the plan holder. Under certain circumstances, the Charitable IRA Rollover may also benefit St Anne’s directly. Although not counted as a charitable deduction, rollover gifts waive the tax paid on RMD (required minimum distributions.)
- Bequests and Beneficiary Designations – Donors can work with their attorney to make a charitable provision in their wills. Under certain circumstances, qualified retirement plan assets and individual retirement accounts (IRAs), insurance policies and commercial annuities may be good assets to contribute to the church by designating St. Anne’s as a beneficiary. Sample language for including St Anne’s in a will might be: I give, devise, and bequeath (state the amount, asset, or percentage of estate) to St. Anne’s Episcopal Church, 2690 Fairlawn Drive, Winston-Salem, North Carolina 27106.