Planned Giving

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Click for Legacy Card

If you have a Will and/or a trust currently, or have plans to create one, we hope you might consider including a gift to Epiphany Cathedral School. You can be the “Heart and Hands of Christ” by leaving a legacy gift, ensuring that future generations will benefit from the ministry of Catholic education.  (Click here for more information)

Did you know that giving to Epiphany Cathedral Parish can reduce your income taxes?  And that some gifts save more tax than others? â€¨Through planned giving you can make a significant gift while also creating a legacy for yourself and your loved ones.  
Planned gifts are usually the largest of all contributions and provide lifelong payments or tax savings.   

If you have questions regarding planned giving or the Legacy Society, contact the Epiphany Cathedral Parish and School Office of Advancement, Chris Coviello, (941) 615-0284 or Legacy@EpiphanyCathedral.org

 

Bequests, Wills and Trusts

Those wishing to leave a legacy to Epiphany Cathedral School in their will or trust are growing in number, and we are very grateful. If you have questions about leaving the school in your will or trust, please contact the Advancement Office. Through a Charitable Lead Trust Epiphany Cathedral School is designated as beneficiary of current income generated from a donor’s assets held in trust for a designated number of years, after which time the assets return to the donor or their designee.  The donor receives immediate and long-term tax advantages for this gift. Through a Charitable Remainder Trust the donor receives income for life, tax deduction and the possible reduction of capital gains taxes.  The remainder of the trust at the time of death is designated to Epiphany Cathedral School.

 

Charitable Gift Annuity

A simple contract between a donor and Epiphany Cathedral School that provides the donor with above market fixed quarterly payments for life, and considerable immediate and ongoing tax deductions.  The school receives a remainder gift upon the annuitant’s death.  The minimum Charitable Gift Annuity is $10,000.  Gift Annuity Example (actual profile will be done upon consultation): 73 year old donates $10,000.  The Gift Annuity Rate of 6.0% provides a charitable deduction of $3,960 with a total annual payment of $600 ($438 or 73% being tax-free).

 

Life Insurance

An insurance policy purchased by a donor who names Epiphany Cathedral School as the beneficiary.  The beneficiary receives the insurance payment upon the donor’s death.  Insurance policies that are fully paid can also be donated and provide a current tax deduction.  In addition, Life Insurance Trusts can be established to provide gifts to Epiphany Cathedral School.  These trusts move assets outside of the estate and can increase the amount given to heirs by reducing estate taxes.

  

Real Estate / Property

Interested individuals can make a deferred gift of their home/property to Epiphany Cathedral School.  This gift option allows donors to stay in their homes for the rest of their lives and receive significant income tax deductions that can be used for up to 6 years. You may also contribute immediate gifts of property or land and avoid capital gains tax, as well as receive favorable tax deductions.

 

Financial Accounts

Did you know you can transfer almost any financial account – savings, checking, CD, brokerage or credit union accounts to Epiphany Cathedral School without changing your will? You can also gift any fully paid life insurance policy directly to our parish and receive a tax deduction, or name Epiphany Cathedral School as the death beneficiary, but keep the lifetime ownership rights.