May 15 has been designated as Legacy Sunday. During worship services that day, we will recognize and celebrate those who have made planned gifts to St. Peter’s Endowment. Following the 11:15 a.m. service, members of the 1834 Legacy Society, their guests, and anyone interested are invited to a catered reception in the parish hall. We’ll also be honoring Bill Williamson for his many years of leadership as chair of the St. Peter’s Endowment Board. All are welcome, please rsvp here by emailing email@example.com.
The St. Peter’s Endowment was established in 1955 by a small group of forward-thinking members of our parish to ensure the long-term viability of our church. The hope then was to build a permanent nest egg that could provide financial support for important undertakings and to get us through hard times. Since that time, over 150 members and friends of St. Peter’s have remembered, or committed to remember, St. Peter’s in their estates or through planned gifts and have become members of the 1834 Legacy Society, named to commemorate the year Episcopalians first worshiped in Charlotte.
Our endowment grows in two ways: through earnings on investments and through on-going contributions. Many choose St. Peter’s endowment as the beneficiary of memorials to lost loved ones. The most significant contributions come in the form of planned gifts. As a result of these gifts and expert financial management by Bill Williamson, we have been fortunate to grow our endowment to $5,172,405 (value at 12/31/21).
Many ask, “what is a planned gift?” Quite simply, it is a pledged gift to be made at some time in the future, most frequently upon our death. A lot of us have the conception that planned gifts are only for the wealthy. And while the wealthy can make larger gifts perhaps, anyone can make a planned gift. For example, my will might stipulate that 10% of my final assets go to the St. Peter’s Endowment with the remainder going to designated heirs.
Over the years, earnings from St. Peter’s Endowment have provided funding for our outreach grants, supplemented operational expenses and, especially, helped maintain our beloved building.
The more our endowment grows the more money we have available for these important investments.
If you are contemplating a planned gift or would like to learn more, please contact me or Director of Stewardship Allison Elrod. Your planned gift, when added to the endowment, will ensure a lasting and impactful future for St. Peter’s.
Steve Bentley, Planned Giving Chair