Planned Giving

“If you would like to perpetuate the mission and work of the Cathedral and our buildings because they matter deeply to you, you may want to consider planning a gift which will not diminish your assets or income during your lifetime.”

The Cathedral of All Souls began with George Vanderbilt’s remarkable gift of our beautiful nave, parish hall, and the land on which we sit.  His generosity continued with an endowment gift which came to the Cathedral at Mr. Vanderbilt’s death. Since the establishment of this endowment, additional contributions have been made by donors who want to sustain the mission of All Souls for generations to come. If you would like to perpetuate the mission and work of the Cathedral and our buildings because they matter deeply to you, you may want to consider planning a gift which will not diminish your assets or income during your lifetime.

Please read on in this section of the Cathedral’s website and see how easy it is to preserve what you care about for years to come. All who experience the Cathedral in the future will benefit immeasurably from your generosity.

Thank you for your farsighted consideration.

A gift to the Cathedral in your will or revocable trust enables you to support our mission and make a difference in the lives of future generations.  Following are examples of language for a variety of types of gifts. These samples are for demonstration only. Please seek the help of your legal or financial advisor when considering changes to your estate plans.

A residual bequest comes to us after your estate expenses and specific bequests are paid:

Naming the Cathedral of All Souls as a beneficiary of a specific amount from your estate is easy:

The Cathedral of All Souls can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

There are a number of ways to plan a gift to All Souls. The best plan for you depends on your financial and philanthropic goals. Please consult your financial advisor before making any decisions about a particular gift.

Gifts by Will or Living Trust:  Give to the Cathedral of All Souls without affecting your cash flow during your lifetime.   

SAMPLE GIFT LANGUAGE FOR YOUR WILL OR REVOCABLE LIVING TRUST

Residual Gift Language

I give and devise to The Cathedral of All Souls (Tax ID 56-0547505), located in Asheville, NC, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).

Specific Gift Language

I give and devise to The Cathedral of All Souls (Tax ID 56-0547505), located in Asheville, NC, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).

Contingent Gift Language

If (insert name) is not living at the time of my demise, I give and devise to The Cathedral of All Souls (Tax ID 56-0547505), located in Asheville, NC, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).

TYPES OF GIFTS

Gifts Anyone Can Make

Gifts of Retirement Plans: Your retirement plan may be worth more when donated to the Cathedral than to your heirs.   

Gifts of Appreciated Securities: After making a gift of appreciated securities to the Cathedral, the IRS will allow you one of its most significant tax breaks.   

Gifts of Life Insurance: Create a significant endowment for the Cathedral without dipping into your capital assets.   

Gifts of Real Estate: Make a substantial gift to the Cathedral through a transfer of residential, commercial or undeveloped real estate. (These gifts are subject to review by the Vestry.)   

Charitable Gift Annuity: Receive a fixed payout and significant tax benefits.   

Gifts That Pay You Income

Deferred Gift Annuity: Build retirement earnings by deferring the onset of annuity payments (recommended for younger donors).     

Charitable Remainder Unitrusts: Choose from several options that best meet your personal financial situation.   

Charitable Remainder Annuity Trusts: Combine a charitable gift with a predictable fixed-income payout by placing your donation into an individually managed trust.   

Gifts That Protect Your Assets

Charitable Lead Trusts: Freeze the taxable value of your appreciating assets by using them to make gifts today and pass them back to family members later.

CONTACT FOR FURTHER INFORMATION

If you would like to talk to someone at the Cathedral about deferred or life income gift opportunities that preserve the Cathedral’s future, please contact us at mail@allsoulscathedral.org