What is Planned Giving? Planned Giving is simply the term used when you plan ahead of time who gets your assets when you consider your legacy, and making the decision that charities you love should be included. Supporting our church is a tangible affirmation of faith. Planned Giving can take many forms, many of them simple to execute. Making a planned gift is not just for those who have wealth or special financial expertise but for anyone with a generous spirit who wants to designate their gifts while they are living. As members and friends of First Presbyterian Church, we share a deep sense of gratitude for those who have gone before us. They gave gifts to fund the current needs and for the long-term benefit of those who would follow them in ministry.
Generations Partners
A Generations Partner is any member or friend of First Presbyterian Church who makes a commitment to include the Church in his/her estate plans with a planned gift that will come to the church in the future. Like the Generations Campaign, becoming a Generations Partner is also dedicated to honoring the past and preparing the future of First Presbyterian Church. Such a gift will continue to support the church and its ministries far into the future. Generations Partners are a vital part of keeping the church's ministries alive and each person's generosity establishes a legacy.
Some Ways to Make a Planned Gift Now
Donate
Donate appreciated securities or other assets. The gift of appreciated securities is most often in the form of common stock or mutual funds, and is a valuable way to benefit the First Presbyterian Church and secure tax benefits to the donor.
Arrange
Arrange a gift to First Presbyterian Church through one of several types of irrevocable trusts where you receive benefit now, and the church receives later.
MAke Plans
Make a direct monetary gift to First Presbyterian to support the church and its facilities, or some other designated mission or service.
Donate real estate. Property may be deeded outright or left by bequest. The irrevocable gift of property may provide the donor with the immediate tax deductionand avoid capital gains. However, it is necessary yo discuss this type of asset in advance with the church.
Donate life insurance. Name First Presbyterian Church as a beneficiary in an existing policy; transfer ownership of a paid-up policy to the church, or purchase a policy naming the church as owner and beneficiary.
Donate to First Presbyterian Church from your Individual Retirement Account. One can make qualifiedcharitable donations from IRA's, both Roth and traditional.
Some Ways to Make a Planned Gift Later
Bequest
The bequest is a gift through your will or revocable trust that enables you to retain the asset during your life and provide significant support when you no longer require the asset. You may choose a specific item, a percentage, or residual bequest. ou may also choose to make the First Presbyterian Church a contingent beneficiary in the case the heirs are unable to receive the estate.
retirement plan assets
In some cases, retirement assets can be the heaviest taxed assets in an estate. Naming the First Presbyterian Church as beneficiary can avoid that taxation, enabling the asset to pass tax free to the Church. You may also make the First Prebyterian Church a percentage beneficiary or a contingent beneficary of a retirement plan.
bank or investment account
Financial accounts can be a simple and inexpensive way to leave a legacy gift fot the Church. Contact your financial advisor to see how easy the process is to make the First Presbyterian Church the beneficiary of a particular investment of bank account.
Direct My Gift - Funds
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Planned Giving Resources
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