Get Involved at Knox Church

Ways to Give to Knox

Annual pledging helps the church carry on its operations from day to day and week to week during the year. Knox encourages its members and friends also to give serious consideration to how they can help maintain the church’s ministry and mission over time. There are many ways to support the ministry and mission of Knox, both now and in the future. The pastors and members of the Memorial and Endowment Committee are always happy to discuss the full range of possibilities for giving to Knox.


Types of Gifts

Gifts can be made currently with cash, securities, real estate or other personal property, or can be planned, generally as deferred gifts through bequests, trusts, or retirement or insurance plan beneficiary designations. Many of these gift types are tax deductible for all or part of the gift.


Outright Gifts and Lifetime gifts

Outright gifts are made directly to Knox now with cash or other property. An endowment gift can be made during your lifetime, or can be planned as a legacy gift. To plan a gift which will benefit Knox during your lifetime, consider a current gift to the Endowment Trust, or a charitable lead trust.

Planned or Deferred Gifts

There are many ways to plan for a future gift to Knox, ranging from a bequest, a charitable remainder trust, or by naming Knox as the beneficiary of a retirement account, including an IRA, insurance policy or other types of assets.

Bequests and trusts require the assistance of a professional advisor. Before making plans for a significant gift, please be sure to consult your financial advisor and/or attorney concerning your overall estate plan.

Gifts to Knox are subject to acceptance by the church, based on its ability to use the gift as intended, and to administer the gift within the mission and guidelines of the church.


Endowment Gifts

These are gifts to one of the Knox permanently endowed funds. The gift principal remains in the endowment fund in perpetuity and the income is used for the programs supported by the funds. More information about our endowed fund policy can be found on the Endowments Page.


Bequests

Bequests can be made to Knox in your will, or more simply, in a codicil to your will. A codicil may be added without changing the rest of the will.


Real Estate Gifts

Please see the pastors or a member of the Special Committee for Memorials & Endowments for information on ways to make gifts of real estate to Knox.


Life Insurance Gifts or Beneficiary Designations

You may make Knox Presbyterian Church owner and beneficiary of a paid up, donated policy. You may also designate Knox as the beneficiary of a life insurance policy, either as full beneficiary, percentage beneficiary or contingent beneficiary.


Retirement Plan Beneficiary Designations

You may designate Knox Presbyterian Church as the beneficiary of an IRA or qualified retirement plan. Knox may be full beneficiary, a percentage beneficiary or a contingent beneficiary.


Charitable Remainder Trusts

Assets placed into trust—either a charitable remainder unitrust or a charitable remainder annuity trust—are part charitable gift and part life income. Knox Presbyterian Church can be named beneficiary of the trust. You or the income recipient you designate will receive regular payments from the trust. When the trust terminates, the remaining trust assets become available for the work of Knox.


Charitable Lead Trust

Sizeable assets placed into trust provide income for Knox Presbyterian Church for a predetermined period of years. At the conclusion of that time, the trust assets are then passed on to a non-charitable beneficiary (often children or grandchildren) according to your plan. The charitable portion of this gift would qualify for a tax deduction.

Links

Learn about the Endowment Fund of Knox Church

Information about making a Memorial Gift

Contacts

Financial Secretary

Make a Gift

Knox Calendar of Events