What is Legacy Giving or Legacy Stewardship?
One way to answer that is to look at it in the context of the three types of giving or stewardship:
Ordinary Stewardship – Our weekly or monthly giving or annual pledge as well as our regular giving of our time and talent or service to others;
Extraordinary Stewardship – Memorial, tribute, capital gifts or other special gifts; and
Legacy Stewardship – Estate or planned giving through a such as bequests, trusts or other estate planning gifts.
Ordinary Stewardship is the regular practice of returning to God a portion of all that God has given us. It involves teaching ourselves how to create a life built upon the notion that all that we have is a gift from God. This includes teaching the holy habits of keeping Sabbath and tithing and the concept that giving regularly of our time, talent, and money to God's work on this earth is as much a spiritual practice as prayer and worship.
Legacy Stewardship is the way in which we address the matter of disposing of the accumulation of our lifetime. Who will use your “stuff” when you no longer need it? It is the opportunity to leave a planned gift that constitutes both a legacy to generations yet unborn and a final witness to those whom we hold most dear. Through a legacy gift to the Cathedral endowment, your estate is combined with those that have come before and after, so that together we will forever empower and feed mission and ministry of St. Paul's for generations to come.
Extraordinary Stewardship involves the special occasions that arise in the life of Christian communities that call us to give beyond our ordinary habit. They involve increased risk and encourage us to experiment with sacrificial giving in order to help the community realize an especially important goal. Typically, these arise in the context of a capital campaign when the congregation seeks to take on something new or renew or refurbish its facilities, so that its ministry will be expanded and strengthened for the generations to come.
The Cathedral’s Federal Tax Identification Number (TIN) is 95-1716810 and the legal name of the Cathedral is: "The Cathedral Church of St. Paul's."