Leaving a Legacy

Three simple ways to leave a legacy to Church of the Incarnation through The Incarnation Foundation. 

Beneficiary of your IRA – Call the financial institution your IRA is held with and request a Beneficiary Change form. Many institutions now provide the form online. Add the Incarnation Foundation, 3966 McKinney Avenue, Dallas, TX 75204 as a primary or secondary beneficiary to your retirement plan and return the form to the institution.

*Please note that if your estate is over $1 million in 2003 Individual Retirement Accounts are taxed twice (estate and income tax) when the assets pass through probate. This is a very good way to decrease the amount of tax owed to the government by giving your IRA (or a portion there of) to charity.

Codicil to Your Will – Sample language for inclusion in a Last Will and Testament. If you are making one change to your will you can simply add a codicil stating the following:

I give, devise and bequeath to The Incarnation Foundation, 3966 McKinney Avenue, Dallas, TX 75204, the sum of $_________________*, (or ____% of the rest, residue and remainder of my estate) to be placed in the Incarnation Endowment Fund, with the net income from this gift being used for the general charitable purposes** of The Church of the Incarnation, Dallas, Texas.

*in place of cash, any specific asset may be inserted; i.e., ____ shares of the common stock of the XYZ Corporation. **You may also state a specific purpose to how your bequest should be used.

Life Insurance Policy – Take out a new policy with The Incarnation Foundation as the beneficiary or transfer ownership of a policy that has served its purpose. If premiums are still owed, as you pay these premiums you are allowed income tax deductions for the value of the premiums. You can add The Incarnation Foundation as a second beneficiary, like stated in the IRA example above, to your current life insurance policy.

This information is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional.

Giving Guide

Pledge Card

Electronic Funds Transfer Form