FIRST CHURCH ENDOWMENT FUND

Making the future possible through planned giving

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

STOCKS AND BONDS

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

RETIREMENT ASSETS

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

BENEFICIARY DESIGNATIONS

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

LIFE INSURANCE

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

REAL ESTATE

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

CHARITABLE GIFT ANNUITY

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

CHARITABLE TRUSTS

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.