Bequests & Estate Planning

 

We acknowledge the fact that some members and friends of St. Mark's have made provisions to remember St. Mark's Church in their wills or estate planning. This is ever so important to the future of the church! We would ask you to consider two things: Please remember that $1,000, or $10,000, or even $100,000 does not go as far as it did even five years ago. Also, we would ask you to reconsider the terms of your gift, if your eventual gift is designated for restricted endowment. At current rates, a restricted bequest of $10,000 generates about $450 a year, and a $100,000 restricted bequest generates about $4,500 a year. By contrast, an unrestricted gift of any amount can be deployed in whole or part for pressing building repairs, to initiate a new ministry, to preserve a salary for a staff member for another year or more, or to simply fill a budget or pledging shortfall for another year. Both kinds of bequests serve a useful purpose.

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