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How Can Your Donations Help the Episcopal Church Foundation?

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Donating to causes that are important to you not only benefits the charities but can also be extremely rewarding for you. Millions of people donate to charity on a regular basis to support causes they believe in and to benefit their own lives.

The Episcopal Church Foundation (ECF) is a non-profit organization dedicated to the growth, revitalization, and transformation of Episcopal faith communities. The organization is succeeding in its mission to inspire and nurture church leaders, assist in the acquisition and management of financial assets, and provide high-quality and innovative resources and ideas for use throughout the Church.

Donation Programs 

ECF’s programs play an important role in constructing the Church of the future. This work does not come cheap. Individuals, foundations, and others who care about this important work make generous contributions to ECF. We hope you will consider making a contribution to help ECF continue to respond to God’s call in meaningful and lasting ways.

Here’s how you can help if you’re interested in donating to ECF:

Ways to Make a Planned Gift

Bequests and Wills

The most straightforward way to make a planned gift is to include the Episcopal Church Foundation in your will. A bequest is a meaningful way to support their work while not interfering with your cash flow during your lifetime. Your attorney can include it when preparing or revising your will, or you can add it at any time.

Some examples of bequests include:

A specific bequest specifies the amount of money, securities, or other assets that you want to leave to ECF. It can also represent a specific percentage of the total value of your estate.

After all other bequests have been satisfied, a residuary bequest leaves the remainder of your estate (or a percentage of the total) to your beneficiaries.

You can designate ECF as the beneficiary of a contingency bequest, which accounts for the possibility of a change in your beneficiary’s circumstances.

Unrestricted and Restricted Gifts

If you want to make a restricted gift, make sure to include language that allows ECF to re-direct the use of your gift if the specified initiative, program, or purpose no longer requires funds in the future.

Charitable Gift Annuities

A charitable gift annuity is a straightforward arrangement between you and the Episcopal Church Foundation. ECF pays one or two annuitants to whom you designate a fixed annuity for life in exchange for your irrevocable gift of cash or securities, and you will be eligible for an income tax deduction in the year you make the gift.

The minimum age to begin receiving annuity payments at ECF is 55. You can, however, establish a charitable gift annuity at a younger age and postpone the start of annuity payments until the age of 55. ECF requires a minimum of $5,000 to establish a charitable gift annuity.

You will receive an instantaneous income tax deduction for a portion of your gift, and your annuity will be backed by the entirety of ECF’s assets.

Retirement Plans

Through your retirement plan, you can make a contribution to the Episcopal Church Foundation. Certain retirement plans, such as IRAs, Keoghs, 401ks, and 403bs, allow you to postpone paying taxes until you withdraw income during retirement. However, these accounts are frequently subject to significant taxes after your death.

Charitable Trusts

A charitable trust can help you achieve your short- and long-term financial, estate, and philanthropic objectives. A donor makes an irreversible transfer of cash, real estate, stock, or other assets to a trust that generates income for the donor or another beneficiary for a set period of up to twenty years or until the donor or another beneficiary dies. The remaining principal possessions will be distributed to ECF at the end of the trust period.

Pooled Income Fund

A contribution of $2,500 or more to a pooled income fund is “pooled” with other contributions in a professionally managed investment portfolio. You or your designated receiver will be guaranteed an income for the rest of your life, with the amount determined by the fund’s investment returns. You will receive an instant federal income tax deduction as well as possibly a reduction in estate taxes. When you die, or the final beneficiary dies, the remaining property will pass to ECF.

Bank Accounts, Securities, and Certificates of Deposit

A planned gift to ECF can be made at no cost by designating it as the beneficiary of a bank account or security. You can direct any financial institution with which you have an account or are the holder of a security to place your asset in a trust (also known as a Totten Trust or a Transfer upon Death Account) that will be transferred directly to the Episcopal Church Foundation upon your death.

Life Insurance Policies

ECF welcomes philanthropic support in the form of gifts of life insurance policies once the policies have been paid in full and ECF has been named as the owner and irrevocable beneficiary of the policy.

End Note 

ECF works hard every day to ensure that all lay and clergy leaders have access to the resources they need to thrive. But they can’t do it alone. There are ways you can help them achieve their mission: you can donate money to support their programs, or you can also spread the word about our work by sharing our website and social media posts with your friends and family. Whatever you do, know that your support is essential to ECF’s success. Thank you for helping ECF strengthen the Episcopal Church community!

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

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Lifestyle

Powerful Corporate Gifting Strategies to Build and Strengthen Business Partnerships

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If you want to build and strengthen business partnerships with your clients and top investors, there are a few key steps you must take. One essential strategy is corporate gifting. This simple act goes beyond building a partnership. It will also increase your customer retention rate and promote your business even beyond the shore of your country. 

But before you consider gifting any item, there are some strategies to put in place. This will ensure your gift makes a lasting impression and resonates well with your clients. Below are powerful corporate gifting strategies to build and strengthen business partnerships with your clients and top investors. 

Choose a Personalized Item 

Rather than choosing an ordinary gift for your clients and investors, opt for a personalized item. Customised corporate gifts such as T-shirts, coffee mugs, and bags create a stronger emotional connection than generic gifts. They also leave a more lasting impression than most other gift types.

Imagine how investors and your clients will feel when you beautifully inscribe their image or favorite quotes on a T-shirt. Of course, they will feel valued, appreciated, and ready to invest more in your business.

Consider Their Culture and Background 

As an entrepreneur, it’s essential to be culturally competent and sensitive. Your gifts should resonate with your clients’ and investors’ cultural backgrounds. Otherwise, they may be quickly discarded or overlooked. If your investors and audience are predominantly of Black heritage, consider giving them a custom T-shirt featuring a map of Africa or inspirational quotes from iconic Black leaders. 

Their religious beliefs are also important. Specific religions may find some images or symbols inappropriate. For instance, if you’re giving a gift to a Muslim investor, avoid designs that include images like pigs, as they are considered offensive in Islamic culture.

Consider a Functional Gift 

You should also consider the gift’s functionality. A gift that can be used every day will be more valuable than an impractical one. Even if the gift is expensive but doesn’t have any functional purpose, it won’t serve the purpose it was intended for. 

Instead of purely sentimental keepsakes or abstract gifts, consider practical items like pens, notebooks, backpacks, coffee mugs, umbrellas, or water bottles. Just make sure the gift is well-designed and features your brand logo and identity. This not only increases brand visibility but also helps strengthen the connection between you and your investors.

Tie it to a story

Tie your gifts to a story to make them more memorable and emotionally meaningful. For example, if during your business’s early days, your employees always worked tirelessly day and night, you could opt for a custom hourglass. Clients and investors who receive such a gift will appreciate your business’s journey of patience and perseverance.

Offer Quality Gifts

Gifts given to investors or clients who have significantly contributed to your business growth should reflect their value. They shouldn’t be cheap or low-grade items. The gift doesn’t have to be trendy or widely popular, but it should come from a reputable and high-end brand. This will give your gift more credibility. Besides, the recipients will feel comfortable to use the gift among their colleagues.  

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