Camphor Society - Planned Giving

Estate planning can be an overwhelming sounding activity to many people, fraught with emotion and reminding us of our own mortality. We know we’ll take nothing from this world, but as believers, we also know we are stewards of what God has entrusted to us. And that is simultaneously a high honor and a daunting task. It was daunting
to the servants of the master in Jesus’ parable of the talents in Matthew 25, but the two who acted with wise stewardship were honored and welcomed. You, too, can act as a wise steward of the assets and talents with
which you have been blessed. There are many ways to do this, and although this list does not include them
all, it is our hope that you will find it helpful as you consider including The Cathedral Church of St. Peter in your estate plans.


Bequests, charitable trusts and other deferred gifts have long played an important role in the life of the Cathedral. Throughout the years, many generous people who have cared deeply for the Cathedral and its mission, have expressed their love of this great Cathedral and their gratitude to God by including the Cathedral in their long‐term financial planning. Even the smallest bit of planning, like the planting of the mustard seed, when done in the power and wisdom of the Holy Spirit, will bring glory to God even after your death on earth.

The Camphor Tree Society, named for the camphor tree which sheltered our Cathedral and garden for 100 years, was formed as a way to recognize those who have committed to including the Cathedral in their estate plans. As more people recognize the importance of providing continuing support for the mission and ministries of THe Cathedral Chuch of St. Peter, the Society will add new members year after year. If you have already made provision for the Cathedral, please let us know if we can include your name in the society’s rolls.

Gifts of Cash—your gift is immediately available to support St. Peter’s and every dollar you give is deductible in the year you make the gift.

Gifts of Marketable Securities—securities are often individual stocks, but may include bonds or shares of mutual funds. Outright gifts of security can be made quickly and easily, and can enable you to do more with your gifts because of the tax benefits.

Gifts of Real Estate—when appreciated real estate is given to the Cathedral, capital gains taxes are completely avoided and the full fair market value of the property is generally deductible as a charitable contribution.

Gifts of Tangible Personal Property—antiques, artwork, jewelry, book collection—these are just a few of the kinds of tangible property that our friends have used in making charitable gifts to the Cathedral. The full fair market value of such assets is generally deductible, provided the gift asset is used for our charitable‐exempt purpose.

Gifts of Life Insurance—when an existing policy is given to the Cathedral, the owner may deduct, as a charitable contribution, the current value of the policy or the net cost of the policy, if this is less than current value. In addition, future premium payments are also deductible after ownership has transferred to charity.

Gifts of Retirement Assets—by using retirement assets to fund a bequest to The Cathedral Church of St. Peter—and leaving other assets to children, grandchildren, and friends—you may be able to reduce taxes that otherwise would be imposed on those assets that have grown tax‐free...and leave more to your intended beneficiaries.

Gifts of Closely Held Stock—a charitable gift of closely held stock presents a unique opportunity for some of our  supporters, especially if the closely held corporation has substantial accumulated profits. The fair market value of the closely held stock is deductible as a charitable contribution and there is no capital gains tax, no matter how  much the stock has appreciated in value.

Life Income Plans—gifts made to the Cathedral with a right to retain income.

The Charitable Remainder Trust—for a gift to the Cathedral of $100,000 or more, a charitable remainder trust will
provide income for you and your beneficiaries as well as an immediate charitable deduction, among other benefits.

The Charitable Gift Annuity—a gift annuity is an agreement between you and a charitable institution under which
the charity agrees to pay you fixed payments for your life (and/or the life of your chosen beneficiary). The amount of the annuity is based on the age of the annuitant(s) and the amount of the gift.

The Charitable Lead Trust—the charitable lead trust is almost a mirror image of the charitable remainder trust. Under a lead trust agreement, an annual income from the trust is paid to a qualifiedcharitable organization such as The Cathedral Church of St.Peter for a specified period of years, with the principle of the trust passing to  non‐charitable beneficiaries (often your children or grandchildren) upon expiration of the trust.

Charitable Bequests—bequests give you the opportunity to leave a lasting legacy. When you make a charitable bequest, you retain full use of your property during life, so there is no disruption of your lifestyle, no immediate out‐of‐pocket costs. You simply direct that part of your estate to go to your favorite charity.

For more information, please contact:
Martha Goodwill, Administrator
The Cathedral Church of St Peter
140 Fourth Street North, St. Petersburg, FL 33702
(727) 822‐4173
www.spcathedral.net
mgoodwill@spcathedral.com