Now back to that insensitive statement. In their pastoral letter Stewardship: A Disciple’s Response (USCCB 1992), the U.S. Catholic bishops encourage us as Christ’s disciples to be good stewards of the blessings God gives to us by sharing them in love and justice with others. We demonstrate this by our weekly offering through our parish, as well as our ministry and volunteer activities.
But what happens to our support of the parish when we die? Without a legacy gift, it stops. Assume you contribute $20 a week to your parish offertory, a little over $1,000 for the year. If you leave $20,000 for the benefit of your parish as a bequest in your will or trust and that fund is invested at 5%, your parish will continue to receive $1,000 each year for many years after you are gone. You effectively continue to give to your parish in spite of your death. When explained this way, “Don’t stop giving just because you die” doesn’t sound so crude, does it?
Obviously, you must have a will or trust to make bequests to the Church or your favorite charity. If you die “intestate,” that is, without a valid will, state law will control the distribution of your property, and that law does not provide for charitable bequests. St. Paul reminds us, we brought nothing into the world, just as we shall not be able to take anything out of it (1 Timothy 6:7). Having an estate plan for the orderly distribution of the gifts God gives us during our lifetime is simply faithful stewardship of those gifts.
Now $20,000 in this example might sound like a lot of money. However, for many people their best opportunity to make a significant gift to the Church is through their estate. That’s when life insurance death benefits are paid, the family house is sold, and investments are liquidated — your estate likely will have more cash available than you do during your lifetime. So please give prayerful consideration to “leaving a legacy” to the Church through a bequest in your estate plan.
Check with your pastor whether your parish has an endowment fund with the Catholic Foundation of Michigan, which would be a vehicle for your legacy gift. Your endowment gift to Catholic Foundation, in turn, can be designated for the benefit of your parish, Catholic Charities of Southeast Michigan, or other institutions or favorite charities. You could also consider a bequest directly to the Catholic Foundation of Michigan to support Catholic education, critical social outreach, or vibrant parish life.
Even if you already have a will or trust, you should review these documents periodically to ensure that they still meet your family’s estate planning goals and objectives, including legacy gifts to the Church.