Help ensure that our work continues for generations to come by including Choristers Guild in your estate plans and joining The Covenant Society, our legacy giving community. The Covenant Society recognizes those who have included Choristers Guild in their estate planning, as a beneficiary under their will, IRA final distribution, pension plan, insurance policy, or other investment vehicle. These types of gifts promote and preserve the Choristers Guild mission far into the future and cost you nothing now.
THREE WAYS TO GIVE
One of the most popular ways to make a planned gift involves the simple placement of a clause in your will or revocable trust making Choristers Guild a beneficiary. Your bequest can also be made payable if an individual beneficiary is not able to inherit.
Making a gift of a qualified retirement plan asset such as an IRA, 401(K), 403(b), Koegh, or other pension plan is an ideal way to benefit Choristers Guild and receive significant tax savings. By naming Choristers Guild as the beneficiary of an asset in your retirement plan, you maintain complete control over the assets during your lifetime, but at your passing the remaining balance in your asset passes to Choristers Guild free of income tax and any estate tax. You can continue to take withdrawals from the asset during your lifetime or change the beneficiary if your circumstances change, all while knowing that your retirement assets will support the important work of Choristers Guild when you are gone.
You can use life insurance to make a gift to Choristers Guild by naming Choristers Guild as the irrevocable [i.e., you cannot change the terms in the future] owner and beneficiary of a surplus, paid-up life insurance policy. This will result in a charitable income tax deduction for the policy’s cash surrender value or basis, whichever is less.
