"Every good endowment and every perfect gift is from above, coming down from the Father of Lights."
-James 1:17

The Annunciation Cathedral Endowment Foundation Inc.

Established solely for the benefit of Atlanta's Annunciation Greek Orthodox Cathedral Parish, the Foundation seeks to obtain contributions that will be held by the Foundation in perpetuity. Income from the the Foundation's investments will be expended only by the Parish Assembly to further its long term goals and objectives and ministries.

The value of all contributed gifts will be perpetually maintained in the Endowment and prudently invested in accordance with Georgia law and the by-laws of the Foundation. With these investments, the Foundation's Board of Directors will strive to produce income that ensures the growth and prosperity of our parish for generations to come.

There are many ways you can support your own financial plan, while at the same time providing a planned Endowment gift that will benefit the Cathedral "forever."

Permanent Memorial.

A memorial project has been instituted by the Foundation, with a marble plaque in memory of deceased parishioners in the front hallway next to the plaques dedicated to the Cathedral's founders. The plaque also memorializes all of the deceased priests who have served the community since its inception.

A minimum donation of five hundred dollars will place the name of a deceased family member or parishioner on the plaque. For those richly blessed, a larger donation is encouraged so that we can quickly build assets and provide income benefits to the Parish. Substantial gifts will be individually recognized.

Give Appreciated Stock or Asset

- Pay No Tax And Get A Deduction.

A stock or other asset which has appreciated in value may be donated to the Foundation in lieu of money. The donor will get a charitable deduction equal to the full current value of the stock or asset and will not have to pay any capital gains taxes.

A Bequest In Your Will

- An Easy Way To Leave An Endowment Gift.

A bequest to the Annunciation Cathedral Endowment Foundation is as simple as an amendment to your will stating, "I give the rest, residue, and remainder of my estate (or a dollar amount or other specified asset) to the Annunciation Cathedral Endowment Foundation." This is the most common planned gift and it might provide you with valuable estate tax savings.

Life Insurance

- A Large Gift With A Small Cost.

A simple way to make a sizable charitable contribution is to give of an existing life insurance policy to the Foundation when it is no longer needed for your family's protection. Another way is to buy a new life insurance policy, naming the Foundation as the owner and beneficiary. We offer a special plan for people who would like to contribute in this way.

This program allows you to spread the contribution over as many as five years. Your gift purchases a zero commission life insurance policy that has been specially designed to help build charitable endowments. This insures a substantial gift to our endowment at a very low cost to you, and all of your contributions are tax-deductible.

A Charitable Trust

- Substantial Benefits To The Donor.

Do you own low-yielding assets like real estate or securities that have appreciated in value? Is your objective to sell those assets and reinvest in higher income vehicles? A charitable trust might be your answer. The charitable trust may help to eliminate capital gains taxes that you would incur, reduce or eliminate estate tax, and give you a current tax deduction - thereby improving lifetime cashflow. And, when coupled with an asset replacement trust, it can give back to your heirs the same amount that you gave to the Cathedral Endowment Foundation.

A Charitable Lead Trust -

Perfect for family wealth transfers for estates over $600,000. Proper planning may save your family from the effects of estate taxation. A charitable lead trust is a popular method of reducing or avoiding any estate/gift taxes while transferring large amounts of assets to children or grandchildren. The trust would pay the Foundation a stream of tax deductible income for a period of years, and then is transferred to whomever the donor desires.

Charitable Annuities

Income For Life, Guaranteed.

A charitable annuity allows you to contribute assets to the Foundation and get a charitable deduction. In turn, the Endowment Foundation will provide you with a guaranteed income stream for life (the payout amount is determined by using U.S. Treasury life expectancy factors). This annuity can ease the worries of outliving your resources, and provide a high payout rate coupled with numerous tax advantages.

Professional Help

The Cathedral's Endowment Foundation has professional estate planners available who have volunteered their confidential services, free of charge to the donor, to help you select the most advantageous vehicle to comply with your goals. You should also check with your personal legal, financial, or tax advisor about the planned giving ramifications for your situation.

Give and You Shall Receive.

Charity offers its own rewards, not just those of a psychological nature, but cold, hard cash. Planned giving is the science of using tax laws, trusts and life insurance to give you, your heirs and your favorite charity the most bang for your donated asset. And it can be of particular benefit to retirees who have assets but need more income.

Consider donating appreciated property, such as old stocks that have gone up in price or real estate you've owned eighteen months or more, and you may be able to help yourself as well as your Cathedral.

For Example: John and Mary are both 57 and have $100,000 worth of stock in XYZ Inc., the company where John spent his career. The stock pays only a 2 percent dividend, so every year the couple receives only $2000 income from it. The current price per share is far above their cost. They'd like to sell it and reinvest in something else, but they'd be hit with a capital gains tax that could leave them just over $80,000 to invest.

Even so, if they reinvested that $80,000 in a bond mutual fund with a 7 percent yield, they would earn $5,600 a year - a healthy increase over the $2000.

But if they put the stock in a charitable remainder trust with a fixed payout of $6000 a year, they'd increase their income and get a charitable deduction of over $25,000. After their deaths the remaining trust property would go to the Endowment Foundation. This deduction is based on IRS tables for the couple's life expectancies, payout rate, and the interest rate at the time of the gift. Older donors get bigger deductions.

Adding another option, John and Mary could earmark $2000 of the extra annual income to pay premiums on a "second to die" life insurance policy that replaces the $100,000 for their beneficiaries.

So they would have turned a $2000 income stream into a $4,000 income stream, picked up a first-year federal tax savings of about $8,000, safe-guarded $100,000 for their heirs, and donated $100,000 to the foundation.

The Foundation's professional estate planners have volunteered their confidential services, free of charge to our donors, to help select the most advantageous methods for a contribution to the Cathedral's Endowment.

Leave a great legacy for future generations.

Make a substantial contribution as your memorial to perpetuate orthodoxy in Atlanta.

Don't wait until it's too late.

DO IT NOW.

Contact the

Annunciation Cathedral

Endowment Foundation

2500 Clairmont Road, N.E.

Atlanta, Georgia 30329

404-633-7358

404-633-5870