You can continue to support St. John the Divine after your passing by remembering the church in your estate plan. Naming the St. John the Divine Memorial Endowment Fund as a beneficiary to receive a portion of assets such as retirement plans and life insurance policies makes the church a part of your legacy for generations to come.
The simplest form of a bequest is an outright bequest. It can take the following forms:
- GENERAL BEQUEST: This specifies a fixed amount to be givent to St. John the Divine. Typical wording is: "I give, devise, and bequeath to St. John the Divine Memorial Endowment Fund $xxx."
- PERCENTAGE BEQUEST: In this case, the bequest is expressed as a percentage of an estate or residuary estate. For example: "I give, devise and bequeath to St. John the Divine Endowment Fund xx% of my estate."
- CONTINGENT BEQUEST: It is also possible to name St. John the Divine Memorial Endowment Fund as an alternate beneficiary to provide for a situation where the primary beneficiary dies before you or disclaims the property. This will ensure that the estate will be distributed to beneficiaries you select rather than unintended recipients.
- RESIDUAL BEQUEST: It is possible to give St. John the Divine the property that remains after other specific bequests have been made. A typical residuary bequest is: "All the residue of my estate, including real and personal property, I give, devise and bequeath to St. John the Divine Memorial Endowment Fund."
Bequests can take other forms, for example provision of financial support to family members during their lifetime, after which assets pass to St. John the Divine. Parishioners are encouraged to contact their estate planning advisors for specific bequest language.
Membership in the Sumners Society includes anyone who names the Memorial Endowment Fund in his or her estate plan (through an instrument such as a will, trust, retirement plan, and/or life income vehicle). If you have included St. John the Divine in your estate plan, or would like more information regarding the Sumners Society, please fill out the form below or contact Becca Rivas, director of generosity, at 713.354.2218 or firstname.lastname@example.org.