A Planned Gift is a gift anyone can make. A planned gift costs you nothing today and gives you the power to continue making a difference at St. Peter’s long after you are gone. You maintain full control of your assets during your lifetime, ready to respond to your needs or the needs of your family. Yet your gift becomes a living legacy of your stewardship and concern for the future of our parish community.
Beneficiary Designations: One of the easiest kinds of Planned Gifts is a beneficiary designation: making St. Peter’s the beneficiary (or partial beneficiary) of your IRA, life insurance policy, or certificate of deposit (CD).
Wills and Trusts: Charitable bequests are gifts may also be made through your will or living trust. A bequest is a wonderful opportunity to support the work of St. Peter’s parish and school. You may provide for St. Peter’s with a specified dollar amount, a percent of your estate, or a particular asset.
Many Ways to Support St. Peter’s Parish
Your planned gift may be directed to the parish general fund, or to one of our two endowment funds.
The Parish General Fund: monies in the general fund are used to support all the same things your tithe supports: salaries, textbooks, building repairs, and other regular expenses. Gifts received by our general fund will likely be used in the year the gift is received.
Endowment funds enable you to give a gift that will support our parish for generations to come. Both our endowment funds are professionally invested and will grow over time to generate income.
St. Peter’s Parish Endowment: In May of 2013, St. Peter’s established its first parish-wide endowment. A gift to the parish endowment will be professionally invested and will grow over time to generate income that may be used for capital purchases and repairs, school and youth programs, equipment purchases and more. Click Here to learn more about our St. Peter’s Parish Endowment Fund.
St. Peter’s Endowment Trust Fund for Catholic Education: Established in 1990, funds donated to this endowment are invested to return income that is restricted to use by St. Peter’s School and/or Catholic education at the parish. Click Here to learn more about the St. Peter’s Endowment Trust Fund for Catholic Education.
The exact language you use in your legal document is important. If you are considering naming St. Peter’s parish in on a beneficiary designation form, your will or trust, please use the following language:
For an unrestricted gift to the parish general fund:
“St. Peter’s Catholic Church, Kansas City, Missouri.”
For a gift to the St. Peter’s Parish Endowment Fund, please specify:
“St. Peter’s Parish Endowment Fund.”
For a gift to the St. Peter’s Endowment Trust Fund for Catholic Education:
“St. Peter’s Endowment Trust Fund for Catholic Education.”
St. Peter’s Cornerstone Planned Giving was created in October 2013. This honorary organization allows us to thank today those who have created a provision in their estate plans to benefit St. Peter’s Parish. As a member of our Cornerstone Society, you have the opportunity to encourage others, by your example, to do the same.
We ask you to let us know when you have included St. Peter’s in your future giving plans. Please provide as much information as you are comfortable with on our Future Gift – Statement of Intent, and submit to the parish development office.
In addition, individuals who make a planned gift to the St. Peter’s Parish Endowment Fund will be recognized in the St. Peter’s Heritage Society which celebrates all gifts to the Parish Endowment Fund.