St. Anne’s Endowment Fund was launched in 2015 with the goal of preparing and investing for the future, to ensure St. Anne's mission and ministry continue for generations to come.
Here you will find information about St. Anne's Society
and the St. Anne's Endowment
as well as links to handy documents.
Donors to the Endowment Fund become members of St. Anne's Society. Gifts to the Fund may be made in several ways. For example, you may designate a bequest to the fund in a will or living trust. Some make immediate gifts of cash, shares, property, insurance policies, or other assets. Others choose a type of gift that provides them with a lifetime income. Answers to many questions about how you can ensure St. Anne's health and participate in the St. Anne's Society may be found in the links below. Of course, you may always contact St. Anne's for more information.
ST. ANNE'S SOCIETY MEMBERS
Anna Mary Coburn
Mary Ann Rich
Katharine S. Schindler
Lisa Van Hoecke
Robert Van Hoeke
Mary Ann Panarelli
Liz Galvin Pao
~In loving memory of my mother Ellen Lawrence and in gratitude for the many gifts given to the community by St. Anne's. Alice Abrash
OPTIONS IN GIVING
Life Income Gifts
A life income gift allows the donor to make the gift while continuing to derive benefit from the donated asset for the rest of his/her life or a specified number of years. The donor will normally engage with an attorney and an appropriate organization such as a bank’s trust division to create a trust and assign the assets to the endowment fund. Depending on the exact nature of the trust the donor should expect to receive a tax deduction and/or income and/or the continuing right to use the asset, such as a residence for the remainder of his/her life. Trust types used to manage lifetime income arrangements include the Charitable Gift Annuity; Charitable Remainder Trust; Pooled Income; Charitable Lead Trust; and gifts of real estate with lifetime estate reserved.
The most common form of planned giving is through a bequest associated with a will or living trust. A will or trust-related bequest can take the form of a specific sum or a percentage of the estate. Optionally the estate percentage allocated to the gift may be calculated after other, higher-priority bequests have been completed. Alternatively, the bequest may apply to a specific asset such as personal or real property.
Another possibility is to take out a life insurance policy naming the endowment fund as a beneficiary.
An immediate gift is one that a donor gives to the endowment fund on the understanding that it can be easily added to the fund’s principal. Examples include cash and checks; securities, such as stocks and shares; real estate; valuables such as jewelry, paintings, antiques, or automobiles; retirement assets and income; whole/universal life insurance policies. The fund articles and resolutions, located in the Endowment Fund Governance section of this website, give the vestry some discretion about accepting a proposed gift. Their main concern is whether the gift can be easily and inexpensively converted into cash.