Thank you for Giving!
Recently, a member of Christ Episcopal Church commented, "With all the crazy stuff going on in our world, I really appreciate the Christian perspective - and the Episcopal perspective in particular." The Church helps you make sense of life and this crazy world!
Christ Church provides community, fellowship, perspective, teaching, training in prayer practices, opportunities for service, and a value system grounded in the life and teaching of Jesus. Your gifts are invaluable support for our ministry.
Gifts Through Checks and Online
Send a check: you may send tax-deductible donations to Christ Church, 802 Harrison Ave., Canon City, CO 81212.
Online: you may safely and securely donate through PayPal. Click on the "Donate" icon, and during the online process, you will have the opportunity, if you so desire, to designate the purpose of your gift.
Christ Church provides community, fellowship, perspective, teaching, training in prayer practices, opportunities for service, and a value system grounded in the life and teaching of Jesus. Your gifts are invaluable support for our ministry.
Gifts Through Checks and Online
Send a check: you may send tax-deductible donations to Christ Church, 802 Harrison Ave., Canon City, CO 81212.
Online: you may safely and securely donate through PayPal. Click on the "Donate" icon, and during the online process, you will have the opportunity, if you so desire, to designate the purpose of your gift.
Planned Gifts
People who are committed to the work of Christ Church often make a planned gift, which can be made through:
Following is information about planned giving, provided by the Episcopal Church Foundation.
Bequests & Wills/Living Trusts
The simplest way to make a planned gift is by naming your parish or other Episcopal ministry in your will or living trust. A bequest is a meaningful way to support a charity’s work without affecting your cash flow during your lifetime. Your attorney can include it when you prepare or revise your will/living trust.
Charitable Gift Annuities (CGA)
A charitable gift annuity is a simple contract between you and Christ Church. In exchange for your irrevocable gift of cash or securities, Christ Church agrees to pay one or two annuitants whom you designate a fixed annuity for life, and you will be entitled to an income-tax deduction in the year you make the gift.
Charitable Remainder Trusts
A charitable remainder trust is a way to achieve your current and long-term financial, estate and philanthropic goals. A donor makes an irrevocable transfer of cash, stock, real estate or other assets to a trust which provides a tax deduction to the donor and produces income for the donor, or other beneficiaries, either for a fixed period of time.
A charitable remainder trust allows you to designate one or more beneficiaries of regular payouts from trust proceeds (for either a fixed dollar amount or a fixed percentage) during yours or another’s lifetime or for a period of time.
Pooled Income Fund
In a pooled income fund, your substantial gift will be “pooled” with other gifts in a professionally managed investment portfolio. You, or your designated beneficiary, will receive an income for life, although the amount of income will depend on the rate of return on the fund’s investments. You will receive an immediate federal income tax deduction and a possible reduction on your estate taxes. Upon your death, or that of the final beneficiary, the remaining value will be given to the Christ Episcopal Church or Episcopal organizations you name.
Life Insurance
Life insurance is another way to make a sizable gift to the Christ Episcopal Church. For example: You can purchase a new policy and make the church the owner and beneficiary of that policy. This enables you to “leverage” your gift, ultimately making a much larger gift than otherwise possible. Contributions to the church to pay the ongoing premiums become tax deductible. You can also make the church the owner and beneficiary of an existing policy. The current value of the policy is tax deductible, as are future premium payments. You can make the church a contingent beneficiary of an existing policy, or name the church to receive the proceeds of the policy if the designated beneficiaries predecease the insured. Your life insurance professional can assist you with making such gifts.
Retirement Accounts
The remainder value of many retirement accounts can be heavily taxed when left to friends and family, but will pass tax-free to the church upon your death. Review with your attorney or financial advisor to learn if this is an appropriate gift for you.
Real Estate, Appreciated Property, & Tangible Personal Property
Real estate or securities can be the source of your gift to the church. Using a Charitable Life Estate Contract, for example, you can deed your home, vacation home, farm, ranch, or condominium to the church and retain the right to live on the property and/or receive income from the property for as long as you live. You receive an income tax deduction when the property is deeded to the church and normally avoid any capital gains taxes when making the transfer. Your inheritance and estate taxes may be reduced at the time of your death. Gifts of appreciated real estate or securities (like stock) allow you to avoid capital gains taxes. It is important to transfer the securities or real estate to the church prior to selling it. However, if the securities or real estate have decreased in value, you should sell the assets before making the gift, thus establishing a capital loss and a potential tax deduction.
Gifts of tangible personal property, such as jewelry, coins, works of art, automobiles, etc. may also be given to the church. You are responsible for setting an appraised value on the gift. Any gift over $5,000 must be independently appraised.
Charitable Lead Trust
The charitable lead trust, another estate planning tool, enables you to transfer assets to a trust that pays its income to the church or church related organization for a set period of time. At the end of the term, the principal and all capital appreciation returns to you or others that you name.
For more information, please contact our parish administrator at 719-275-2028, or click to email our parish administrator.
People who are committed to the work of Christ Church often make a planned gift, which can be made through:
- Bequests & Wills/Living Trusts
- Charitable Gift Annuities
- Charitable Remainder Trusts
- Pooled Income Fund
- Life Insurance & Retirement Accounts
- Real Estate, Appreciated Property, & Tangible Personal Property
- Appreciated stock
- Charitable Lead Trust
Following is information about planned giving, provided by the Episcopal Church Foundation.
Bequests & Wills/Living Trusts
The simplest way to make a planned gift is by naming your parish or other Episcopal ministry in your will or living trust. A bequest is a meaningful way to support a charity’s work without affecting your cash flow during your lifetime. Your attorney can include it when you prepare or revise your will/living trust.
Charitable Gift Annuities (CGA)
A charitable gift annuity is a simple contract between you and Christ Church. In exchange for your irrevocable gift of cash or securities, Christ Church agrees to pay one or two annuitants whom you designate a fixed annuity for life, and you will be entitled to an income-tax deduction in the year you make the gift.
Charitable Remainder Trusts
A charitable remainder trust is a way to achieve your current and long-term financial, estate and philanthropic goals. A donor makes an irrevocable transfer of cash, stock, real estate or other assets to a trust which provides a tax deduction to the donor and produces income for the donor, or other beneficiaries, either for a fixed period of time.
A charitable remainder trust allows you to designate one or more beneficiaries of regular payouts from trust proceeds (for either a fixed dollar amount or a fixed percentage) during yours or another’s lifetime or for a period of time.
Pooled Income Fund
In a pooled income fund, your substantial gift will be “pooled” with other gifts in a professionally managed investment portfolio. You, or your designated beneficiary, will receive an income for life, although the amount of income will depend on the rate of return on the fund’s investments. You will receive an immediate federal income tax deduction and a possible reduction on your estate taxes. Upon your death, or that of the final beneficiary, the remaining value will be given to the Christ Episcopal Church or Episcopal organizations you name.
Life Insurance
Life insurance is another way to make a sizable gift to the Christ Episcopal Church. For example: You can purchase a new policy and make the church the owner and beneficiary of that policy. This enables you to “leverage” your gift, ultimately making a much larger gift than otherwise possible. Contributions to the church to pay the ongoing premiums become tax deductible. You can also make the church the owner and beneficiary of an existing policy. The current value of the policy is tax deductible, as are future premium payments. You can make the church a contingent beneficiary of an existing policy, or name the church to receive the proceeds of the policy if the designated beneficiaries predecease the insured. Your life insurance professional can assist you with making such gifts.
Retirement Accounts
The remainder value of many retirement accounts can be heavily taxed when left to friends and family, but will pass tax-free to the church upon your death. Review with your attorney or financial advisor to learn if this is an appropriate gift for you.
Real Estate, Appreciated Property, & Tangible Personal Property
Real estate or securities can be the source of your gift to the church. Using a Charitable Life Estate Contract, for example, you can deed your home, vacation home, farm, ranch, or condominium to the church and retain the right to live on the property and/or receive income from the property for as long as you live. You receive an income tax deduction when the property is deeded to the church and normally avoid any capital gains taxes when making the transfer. Your inheritance and estate taxes may be reduced at the time of your death. Gifts of appreciated real estate or securities (like stock) allow you to avoid capital gains taxes. It is important to transfer the securities or real estate to the church prior to selling it. However, if the securities or real estate have decreased in value, you should sell the assets before making the gift, thus establishing a capital loss and a potential tax deduction.
Gifts of tangible personal property, such as jewelry, coins, works of art, automobiles, etc. may also be given to the church. You are responsible for setting an appraised value on the gift. Any gift over $5,000 must be independently appraised.
Charitable Lead Trust
The charitable lead trust, another estate planning tool, enables you to transfer assets to a trust that pays its income to the church or church related organization for a set period of time. At the end of the term, the principal and all capital appreciation returns to you or others that you name.
For more information, please contact our parish administrator at 719-275-2028, or click to email our parish administrator.
