FAQs

What is the St. Philip Lutheran Legacy Endowment Fund?

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The Legacy Endowment Fund is a permanent fund created to support the long-term ministry and mission of St. Philip Lutheran Church. Gifts are invested so they can continue benefiting the congregation for generations.

What is planned giving?

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Planned giving is the process of including charitable gifts in your estate or financial plans. These gifts are often made through wills, trusts, retirement accounts, life insurance policies, or other financial arrangements.

Do I need to be wealthy to make a planned gift?

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No. Planned giving is for everyone. Many legacy gifts are made through simple beneficiary designations or a percentage of an estate.

What types of planned gifts can I make?

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Can I continue using my assets during my lifetime?

How are Legacy Fund gifts used?

Can I designate my gift for a specific purpose?

How do I get started?

Who is on the Endowment Committee?

Is St. Philip able to provide legal or tax advice?

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Common options include:

  • Bequests in a will or trust

  • Retirement account beneficiary designations

  • Life insurance beneficiary designations

  • Gifts of appreciated stock or real estate

  • Charitable gift annuities

  • Charitable remainder trusts

  • Endowment gifts

In many cases, yes. Certain planned gifts allow you to retain control or use of assets while creating a future gift for St. Philip.

The Legacy Fund is designed to provide ongoing support for ministry. The principal is preserved whenever possible, while earnings may be used to strengthen worship, education, outreach, and congregational care.

Yes. Restricted gifts may be possible depending on the donor's wishes and the church's policies. We encourage you to discuss your intentions with church leadership and your legal advisor.

We recommend:

  1. Praying about your legacy goals.

  2. Speaking with your attorney or financial advisor.

  3. Contacting a member of the Endowment Committee.

2026-2027 Committee Members:

  1. Bruce Trant

  2. Carol Mason

  3. Suzanne Zeok

  4. Shelley Bower

No. St. Philip Lutheran Church does not provide legal, tax, or financial advice. Please consult qualified professionals regarding your individual circumstances.