The Holy Michael Foundation is a non-profit corporation established for the sole purpose of supporting the ministry and mission of St. Michael’s. The Foundation is governed by a board of directors, including the Rector and lay members directly appointed by the Vestry.
ABOUT THE FOUNDATION
Established in part with a bequest from the estate of the late Robert S. Slaughter, a St. Michael’s parishioner, the Foundation’s goal is to increase and sustain sufficient capital to create a stream of investment income for the long-term benefit of the parish. The board may distribute grants annually not to exceed 4.5% of the average balance of the assets, provided the average is $1 million or more.
Grants may be used for special programs, initiatives and ministries of the parish or improvements of the Church’s physical assets. To learn more about the Holy Michael Foundation, contact Josey Kasper, Director of Development.
GIVING TO THE HOLY MICHAEL FOUNDATION
PLANNED GIVING
Leaving a Legacy
Often, people who have been supporting ministries throughout their lives want that support to continue after death. Naming the Holy Michael Foundation in your will or other planned gift benefits St. Michael’s and the community in perpetuity.
BEQUESTS
Including the Holy Michael Foundation in your will is the easiest way to make a lasting difference to your parish. If you currently have a will, please ask your attorney to prepare a simple codicil stating your wishes to bequeath a portion of your estate to the Holy Michael Foundation. Bequests can be designated as a specific amount or a percentage, or can be a gift of cash, securities, real estate or tangible personal property. If you do not have a will, we encourage you to consult with an attorney to have one prepared. Every adult needs a will.
RETIREMENT PLAN ASSETS
Retirement funds are an attractive, yet often overlooked, option for planned giving, as they may offer tax advantages. To make a charitable gift of retirement assets, you would need to complete a new beneficiary designation form naming the Holy Michael Foundation as a percentage beneficiary. You may also be eligible to make qualified contributions directly from your IRA.
LIFE INSURANCE
You may use one or more of your whole life insurance policies as a gift to the Holy Michael Foundation. This can be accomplished by naming the Holy Michael Foundation as a full or percentage beneficiary, or by transferring policy ownership to the Holy Michael Foundation. As with retirement assets, arranging for this can be as simple as completing a new beneficiary designation form.
OTHER FORMS OF GIVING
In addition to planned giving, you can make a gift now to the Holy Michael Foundation. Below are just a few of the ways you can make a difference immediately.
Cash — Simply make a check payable to the Holy Michael Foundation.
Appreciated Securities — Transfer stock to the Holy Michael Foundation.
Real Estate or Personal Property — Donate real estate or tangible personal assets to the Holy Michael Foundation.
THE OMEGA FILE
The Holy Michael Foundation has created a document called The Omega File to help you with planning your memorial service and to provide information to family members about where your important documents are kept.
THE HOLY MICHAEL FOUNDATION BOARD
Charlotte Griffin, President
Will Rideout, Vice President
Janet Patterson, Secretary
Jamie Black, Treasurer
Members: Paula Bickley, Chris Mann, John Merritt, Marilyn Stevens, Greg Jones, Ex-Officio, Lauren Stump, Vestry Liaison, Bryan Bickley, St. Michael’s Treasurer
GIVE NOW
Please consider a planned gift to the Holy Michael Foundation, or make a gift online now.
