Life insurance is another way to make a gift to Epiphany Parish. You can purchase a new policy and make the church the owner and beneficiary; the premiums can be made as contributions to Epiphany Parish and become tax deductible.
You may also make Epiphany Parish beneficiary of a percentage or all of an existing policy by simply updating a beneficiary form. Contact your life insurance company to do so.
Life Income Gifts provide you and your designated beneficiary an income for life in exchange for your gift. They can be established in several ways, the most common of which includes a Charitable Gift Annuity, a Charitable Remainder Trust, or participation in the Pooled Income Fund. All of these options are available through the Episcopal Church Foundation and other foundations or donor advised funds.
You may name Epiphany Parish as beneficiary of your retirement plan. There is a tax advantage to doing this as the church does not pay tax on this distribution, while your family would pay tax on this income because it went into the retirement plan tax free. Contact your retirement plan for a new form.