FIRST CHURCH ENDOWMENT FUND
Making the future possible through planned giving
LEAVE A LEGACY
EASY WAYS TO GROW AN ENDOWMENT
STOCKS AND BONDS
Contribute long-term appreciated stocks or other securities
RETIREMENT ASSETS
Name First Church Endowment as the beneficiary of the remainder of the assets after your lifetime
BENEFICIARY DESIGNATIONS
Name First Church Endowment as the beneficiary of POD (payable on death) of your account
LIFE INSURANCE
Change ownership of a life insurance policy you no longer need
REAL ESTATE
Give First Church the property outright or give First Church a remainder while retaining a Life Estate for yourself
CHARITABLE GIFT ANNUITY
Establish a charitable gift annuity contract with First Church Endowment that pays a set amount for life
CHARITABLE TRUSTS
Transfer assets into a trust, either a Charitable Remainder Trust or a Charitable Lead Trust
We encourage you to prayerfully consider a gift to First Church of God Endowment in your legacy
CHOOSE THE OPTION THAT MATCHES YOUR GOALS
YOUR GOAL – Avoid tax on capital gains
HOW TO GIVE – Contribute long-term appreciated stocks or other securities
POTENTIAL BENEFITS – Immediate charitable deduction, avoid capital gains tax
YOUR GOAL – Avoid the twofold taxation, make a donation from IRAs or other employee benefit plans
HOW TO GIVE – Name First Church Endowment as the beneficiary of the remainder of the assets after your lifetime
POTENTIAL BENEFITS – Allows you to make the gift from the most highly taxed assets, leaving better assets for the family
YOUR GOAL – Use your account funds while you need it
HOW TO GIVE – Name First Church Endowment as the beneficiary of POD (payable on death) of your account
POTENTIAL BENEFITS – No hassle transfer
YOUR GOAL – Make a large gift with little cost to yourself
HOW TO GIVE – Change ownership of a life insurance policy you no longer need.
POTENTIAL BENEFITS – Current income tax deduction, possible future deductions through gifts to pay policy premium
YOUR GOAL – Use your home or other rental property to benefit First Church Endowment Fund
HOW TO GIVE – Give First Church the property outright or give First Church a remainder while retaining a Life Estate for yourself
POTENTIAL BENEFITS – Your tax benefits vary, depending on the method you choose
YOUR GOAL – Supplement income with steady payments that are partially tax free
HOW TO GIVE – Establish a charitable gift annuity contract with First Church Endowment that pays a set amount for life
POTENTIAL BENEFITS – Current and future savings on income taxes, fixed payments for life for one or two individuals
YOUR GOAL – Pass part of your family assets to your family while reducing or eliminating gift tax/estate tax or capital gains tax
HOW TO GIVE – Transfer assets into a trust, either a Charitable Remainder Trust or a Charitable Lead Trust
POTENTIAL BENEFITS – Depending – reduction of gift and estate taxes, protection of the asset for your heirs, removes the asset from your estate
Your legacy gift for First Church Endowment can be general or specific in nature. If you want to leave funding for a specific need of First Church, we encourage you to do so.
The Endowment Board suggests that you consult with your independent financial tax or legal advisor for specific help with your particular situation
All information contained herein is provided as an outline to get you started with your legacy plan. The information contained herein is not intended as legal advice.