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Leave a Legacy
What will your legacy be?
The legacy you create is a way to measure your impact, now and in the future. Helping your neighbors is a clear, enduring statement of your values. Making a legacy gift is a powerful way to demonstrate your lasting support of the Episcopal Impact Fund and our shared mission to break the cycle of intergenerational poverty for families in the Bay Area.
Including Episcopal Impact Fund in your estate plan or other planned gifts can be your signature commitment to grow and support your values beyond your lifetime.
Giving appreciated assets to charity increases your gift, your tax deduction, and your impact. You may want to consult your financial or legal advisor to find the giving strategy that best meets your needs. Episcopal Impact Fund does not offer legal or financial advice, but there are five types of commonly used legacy gifts you could consider.
IRA Rollover (Qualified Charitable Distribution)
Some gifts to Episcopal Impact Fund can increase access to dignified housing for vulnerable Bay Area families and youth, and at the same time, provide significant tax benefits to you. Some types of retirement accounts can be used to make a Qualified Charitable Distribution (QCD) to charities.
To make an IRA Charitable Rollover, please contact your account custodian, often a financial institution. Once you have completed their paperwork, please help us track the receipt of your gift by completing and returning our Gift Notification Letter to development@episcopalimpact.org or mail it to:
Episcopal Impact Fund
1055 Taylor Street
San Francisco, CA 94108
Include Episcopal Impact Fund in your Estate Plan
We invite you to include Episcopal Impact Fund in your will or revocable trust. Your gift may be any specific asset you own - real estate, stock, a specific dollar amount, or a percentage of your estate.
An unrestricted gift allows Episcopal Impact Fund to use the funds based on the most pressing needs and is the most valuable kind of gift we receive. You can use the following sample language to include an unrestricted bequest in your will and/or trust:
"I give to Episcopal Impact Fund, a nonprofit corporation currently located at 1055 Taylor Street, San Francisco, CA 94108, federal tax ID 94-3345498, or its successor thereto, [Insert a written description of the item, dollar amount or percentage of the estate] for its unrestricted charitable use and purpose."
There is no minimum gift amount and you can adjust it at any time.
If you have named Episcopal Impact Fund (or used our original name, “Episcopal Charities”) in your will or revocable trust, we would like to thank you and ensure that your gift is used according to your wishes. Please complete our Planned Gift Notice and return it to development@epsicopalimpact.org or mail it to:
Episcopal Impact Fund
1055 Taylor Street
San Francisco, CA 94108
Giving that Generates Retirement Income
Some gifts can support Episcopal Impact Fund while also providing retirement income that can support you for a lifetime. Episcopal Impact Fund can work with you and your advisors to meet your desire to support our neighbors and your need for lifetime income now.
Generally, these gifts include a substantial current gift, with some charitable deduction benefits for you now, and then a lifetime stream of income from that gift. At the end of the income recipient’s life, the gift is transferred to the Episcopal Impact Fund, bypassing any capital gains taxes that would have been due on the donated property. Some commonly used vehicles are the Charitable Gift Annuity, the Charitable Remainder Trust and the Pooled Income Fund.
Charitable Gift Annuity
A charitable gift annuity is a contract between you and Episcopal Impact Fund that provides fixed payments to you and/or someone else you choose for life. When the income recipient(s) dies, the principal of your gift is made available to Episcopal Impact Fund.
Please check with your tax advisor for current payout rates and tax deduction information.
Charitable Remainder Trust
Episcopal Impact Fund’s charitable remainder trust program helps you set up an irrevocable trust that provides an income payout based on the investment return of the trust assets. The funds remaining in the trust would be available for use by Episcopal Impact Fund.
Pooled Benefit Fund
A Pooled Income Fund invests contributions from multiple donors to provide dividends to the donors during their lifetimes. After the income recipients’ lives the assets of the Fund would be transferred to Episcopal Impact Fund.
Episcopal Impact Fund does not offer legal or financial advice but is available to help establish gifts that provide you with current income. Please contact us at development@episcopalimpact.org if you would like to discuss these options.
Giving with Beneficiary Designations
The accounts you use every day – bank accounts, retirement and brokerage accounts, and insurance policies – can be a convenient source for supporting Episcopal Impact Fund. Many accounts allow an owner to designate the person or charity that receives the asset after the death of the owner. These beneficiary designations do not make a current gift but direct the account to your chosen beneficiary after your lifetime.
Episcopal Impact Fund is a tax-exempt organization, and we will receive the full amount of what you designate to us from your accounts.
Each company that holds an asset has its own beneficiary designation form. Request and fill out the form, naming Episcopal Impact Fund as a beneficiary.
Please let us know you have made this future gift by completing and returning our Gift Notification Letter to development@episcopalimpact.org or mail it to:
Episcopal Impact Fund
1055 Taylor Street
San Francisco, CA 94108
Giving with Life Insurance
Life Insurance can be a great way to protect those you love. Your life insurance policy offers two different ways to support Episcopal Impact Fund.
Naming Episcopal Impact Fund as a Beneficiary
You can name Episcopal Impact Fund as a primary life insurance beneficiary or as a contingent beneficiary should your other beneficiaries not survive you. To make this gift, which would be completed on your death, contact your insurance carrier, and request a beneficiary form.
Transferring Ownership of your Life Insurance
When you name Episcopal Impact Fund as owner of your life insurance policy, you may be eligible for a current tax deduction of the cash value of the policy, and you remove the value of the insurance from your estate. Episcopal Impact Fund would have the option of either holding or surrendering the policy to receive the current cash value. You may donate a policy that is paid up or one with ongoing premium payments.
Ask your insurance provider for more details on transferring ownership of a life insurance policy.
Please let us know you have made a gift with an insurance policy by completing and returning our Gift Notification Letter to development@episcopalimpact.org or mailing it to:
Episcopal Impact Fund
1055 Taylor Street
San Francisco, CA 94108
