St. Michael’s Legacy

Making Christ known is what started St. Michael’s in 1957 and why we continue to thrive today. In more recent years we have come to better understand the responsibility of ensuring St. Michael’s lives and loves for generations to come. Thus, “St. Michael’s Legacy” was created.

St. Michael’s Legacy Members have chosen to make St. Michael’s part of their legacy by including St. Michael’s in their will or estate planning. Planned giving, as it is often called, helps to ensure that our mission - to make Christ known within and beyond our walls – continues. Planned giving is separate from the annual stewardship campaign which funds the yearly operating expenses of our parish. 

Planned gifts may be unrestricted or directed. Unrestricted gifts allow maximum flexibility for future leaders and will be used with guidance from the Vestry. Planned gifts are added to the St. Michael’s Endowment Fund and are invested to maximize our ability to grow and leverage the generosity of those committed to St. Michael’s future.

St. Michael’s Legacy tradition maintains that planned gifts will not be used to supplement annual operating expenses, rather to help fund capital improvements and investments that ensure we can continue to carry out our mission for years to come.

Notify St. Michael’s if you have already included your spiritual home in your will, estate plan, retirement plan, or life insurance policy by clicking on the “Planned Giving Intention Form” below:

Ways to make a legacy gift to St. Michael’s

BEQUEST

The easiest way to make a lasting difference is to remember St. Michael’s in your will. If you have an existing will, we encourage you to work with your lawyer to prepare a simple, inexpensive codicil. You may bequeath a specific amount or percentage of your estate, providing unrestricted support, benefiting St. Michael’s Episcopal Church. The bequest can specify a gift of cash, securities, real estate or tangible personal property. For example:

• I give (specific dollar amount or asset) to St. Michael’s Episcopal Church (EIN 84-0563624) to be used for the unrestricted needs of the parish.

• I give (X percent) or (the remainder) of my residual estate to St. Michael’s Episcopal Church (EIN 84-0563624) for the purposes of endowment.

RETIREMENT PLAN ASSETS

Often considered an attractive option for making a planned gift, retirement plan assets are among the most tax burdened assets in an estate. To make a charitable gift of retirement assets, simply complete a new beneficiary designation form naming St. Michael’s Episcopal Church Colorado Springs as a percentage beneficiary.

LIFE INSURANCE POLICIES

You may use one or more whole life insurance policies to make a future gift to St. Michael’s. To do so, name St. Michael’s as a percentage beneficiary of a new or existing policy, or simply transfer ownership. As with retirement plan assets, using a life insurance policy to make a charitable gift can be as quick and easy as completing a new beneficiary designation form.

Do you have questions? Contact our Finance Manager at finance@stmikeschurch.com or call the church office 719-598-3244.

Endowment Committee Members

Steve Caruthers - Chair
Nancy Jones
Scott Callihan
Bob Kean
Linda Dameron
Rector, The Rev. Matt Holcombe