Grace is honored to be the recipient of planned giving vehicles such as IRA rollovers, charitable gift annuities, charitable trusts, and designated beneficiary of life insurance policies. We are pleased to be partnering with Everence Financial to assist you in planning for your legacy gift. To learn more about Everence, click here.
Everence, Grow your financial future with purpose. Everence® Financial helps individuals, organizations and congregations integrate faith with finances through a national team of financial professionals. Everence offers banking, insurance and financial services with community benefits and stewardship education.
Retirement Plans/IRAs – Donors age 70.5 or older may make gifts directly from their IRA to Grace as part of the required minimum distribution for up to $100,000 annually. Individual retirement accounts (IRAs) may also become gifts. Check with your IRA account manager or other individual retirement plan for information on how to make a gift of assets that remain at your death.
Charitable Gift Annuities – CGAs provide an income stream for one or two individuals during their lifetime and then benefit Grace afterward. CGAs are most appealing to individuals 60 years old and older.
Trusts – Charitable Remainder and Charitable Lead Trusts provide unique avenues to handle more complex assets such as real estate, stocks, or businesses and benefit Grace.
Bequest Language
You can make a legacy gift to Grace by designating Grace in your will. You continue to control your assets during your lifetime, as well as being able to benefit your family, and continue to support Grace through your estate. Bequest intentions can be made specifically (a certain amount or property); or based on a percentage; or the residual of your estate after fulfilling other specific intentions.
Sample Bequest Language
Specific Bequest: I hereby give, devise and bequeath ______ ($Dollars) to Grace Schools, a not-for-profit corporation organized under the laws of the state of Indiana and located in Winona Lake, Indiana, Federal Tax ID 35-0868095, for Grace’s general use and purpose.
Percentage Bequest: I hereby give, devise and bequeath ______ percent (%Percent) of my total estate, determined as of the date of my death, to Grace Schools, a not-for-profit corporation organized under the laws of the state of Indiana and located in Winona Lake, Indiana, Federal Tax ID 35-0868095, for Grace’s general use and purpose.
Residual Bequest: I hereby give, devise and bequeath ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to Grace Schools, a not-for-profit corporation organized under the laws of the state of Indiana and located in Winona Lake, Indiana, Federal Tax ID 35-0868095, for Grace’s general use and purpose.
