Ways to Give

WAYS TO GIVE

We invite support for Remembering. Sharing. and Becoming! Capital Campaign for Holy Trinity Greek Orthodox Church in many different ways.

The primary way is to make a pledge, payable over three to five-years period. One time gifts will also be accepted.

Your contribution toward Remembering. Sharing. and Becoming! can be made in multiple ways. In addition to cash or check, Holy Trinity is prepared to accept marketable securities, closely held stock (with a market for resale), unencumbered real property, tangible and intangible personal property, deferred life income plan and charitable lead trust gifts, remainder interests in residences and farms, life insurance, bequest and other testamentary gift intentions, gifts-in-kind, and private grants. The Parish Council of Holy Trinity Greek Orthodox Church has adopted a Gift Acceptance Policy, which will be provided upon request if you are contemplating a gift other than cash or publicly traded stock. The Gift Acceptance Policy also sets forth how we will account for gifts to the Capital Campaign. It is wise to discuss your gift with your tax advisor to determine the type of gift that best suits your circumstances as Holy Trinity Church cannot offer tax advice.

CAPITAL CAMPAIGN COUNTING AND REPORTING STANDARDS

Holy Trinity Greek Orthodox Church accepts gifts for the purpose of furthering its service to God and its mission to the community, the nation and the world. The purpose of these Capital Campaign Counting and Reporting Standards is to establish clear policies and procedures for Parish Council and staff to follow when accepting Campaign gifts and pledges, and to inform potential donors about how gifts will be counted.

Holy Trinity Greek Orthodox Church will adhere to the following principles for counting gifts to its Capital Campaign, beginning on September 1st, 2015 through December 31st, 2020:

A. Campaign Period For purposes of these standards, the “campaign period” refers to the total time encompassed by the active solicitation period for the Campaign. Specifically, it is the period of one year.

B. Pledge Payment Period The pledge payment period should not exceed three to five years, except when approved by the Parish Council.

C. Types of Gifts A capital campaign is a broad-based comprehensive endeavor that will include, but not be limited to, gifts of cash, marketable securities, closely held stock, real property, tangible and intangible personal property, deferred life income plan and charitable lead trust gifts, remainder interests in residences and farms, life insurance, bequest and other testamentary gift intentions, gifts-in-kind, and private grants. Such gifts must be needed by Holy Trinity’s for use in a manner that is related to the approved campaign priorities.

D. Pledges

a. Verbal Pledges: Verbal pledges should not be reported in campaign totals. For internal tracking purposes, verbal pledges should be documented and submitted to the Book Keeper for notation on the potential donor’s record.

b. Pledges of Cash: Pledges of cash should be in writing and should commit to a specific dollar amount that will be paid according to a fixed time schedule. The pledge payment period, regardless of when the pledge is made, should not exceed five years. Therefore, a pledge received even on the last day of the campaign is counted in campaign totals and may be paid over a five-year period.

c. Testamentary Pledges and Deferred Pledge Agreements: Testamentary pledges and pledges of deferred gifts shall be included in campaign totals if they satisfy the following two requirements:

(a) The commitment must have a specified amount or percentage of the estate stated in the will based on a credible estimate of the future value of the estate at the time the commitment is made. There is no single or simple way to estimate the future value or timing of an estate commitment. For this reason, and because the campaign is focused on current capital projects, Holy Trinity will exclude revocable planned gifts from campaign totals, but report such expectancies as additional, long-term attainment. For irrevocable planned gifts, which become assets of Holy Trinity’s at the time they are made, only those from donors of age 70 or more should be counted in campaign totals.

(b) The commitment must have verification in one of the following forms: 1. a letter from the donor or the donor’s attorney affirming the commitment and stating that Holy Trinity will be informed of any changes in the will that might be made in the future; 2. The commitment could be accompanied either by a deferred-pledge agreement or a contract to make a will.

E. When to Report Gifts Outright gifts should be reported only when assets are transferred irrevocably to Holy Trinity. Deferred gifts should be reported only when assets are transferred or, in cases where no assets are transferred, when a legally binding deferred pledge agreement or other irrevocable document is consummated.

F. Campaign Counting vs. Campaign Recognition These counting standards are intended to help Holy Trinity’s accurately report and project the financial impact of the Campaign. How certain gifts are counted may necessarily differ from how those same gifts and their donors are recognized. For instance, the $1 million 55-year-old donor of an irrevocable charitable trust should still be recognized as a $1 million donor even though his/her gift may have a present value and campaign counting value of just $620,000. Further, the value of any canceled or unfulfilled pledges must be subtracted from Campaign totals when it is determined they will not be realized.

G. Exclusions The following types of funds should be excluded from Campaign report totals:

a. Gifts or pledges, outright and deferred, that have already been counted in previous campaigns, even if realized during the new campaign-reporting period;

b. Investment earnings on gifts, even if accrued during the Campaign-reporting period and even if required within the terms specified by a donor (the only exception permitted to this exclusion would be interest accumulations counted in guaranteed investment instruments that mature within the time frame of the campaign, such as zero coupon bonds);

c. Earned income, including transfer payments from medical or analogous practice plans;

d. Surplus income transfers from ticket-based operations, except for any amount equal to that permitted as a charitable deduction by the IRS;

e. Appreciation in the value of donated assets after the gift has been received by Holy Trinity;

f. Contract revenues and tuition payments; and

g. Contributed services, except for those permitted as a charitable deduction by IRS.

H. Exceptions Exceptions to subsection (A) above may be made and gifts and pledges made prior to the start of the Campaign may be “grandfathered” only if they meet at least one of the following four criteria:

1. The gift or pledge was made with the explicit understanding that it would be counted in Campaign totals.

2. The gift or pledge was a challenge grant that will be met during the Campaign period.

3. The gift or pledge was in support of a capital project that will be a priority of the Campaign.

4. The exception has been approved by the Parish Council.

I. Effective Date This policy became effective upon recommendation of the Finance Committee and approved by the Parish Council and serves as an Appendix to Holy Trinity’s existing Gift Acceptance Policy. The Parish Council must approve exceptions to this policy in writing.