Empower Future Generations: Ensure that the work of our Global Methodist community continues to inspire and uplift.
Advance Our Mission: Contribute to the sustainability and growth of our mission and outreach initiatives.
Perpetuate Methodist Values: Leave a lasting impact by upholding the principles of love, compassion, and faith.
Planned giving offers a unique opportunity to:
Maximize Your Impact: Strategically plan your giving to support specific projects, missions, and initiatives that align with your passion and vision.
Financial Benefits: Enjoy potential tax advantages and other financial benefits through planned giving.
Appreciated Real Estate: A gift of real estate generally will generate a tax deduction for the full appraised, fair market value. Like securities, the capital gain is not taxable to the donor or the church.
Charitable Lead Trusts: A lead trust can be established to provide income to the church for a specified term of years. After the term of years, the assets in the trust revert back to the donor or to the individual(s) designated by the donor. Cash, securities, and some types of real estate can be used to fund the trust. There is no income tax deduction for this type of gift but there may be an estate tax savings.
Deferred Gifts: Deferred gifts are gifts that are received sometime in the future by the church. During that time, the donor retains an interest in the assets. Examples of deferred gifts include bequests, estate notes, charitable remainder trusts, charitable gift annuities, “Pay on Death” accounts, IRA beneficiary and life insurance.
Gifts-in-Kind: Gifts-in-kind are products or materials that can be given to aid particular projects being undertaken by the church. Examples include construction materials (concrete, lumber, bricks, paint, etc.), building materials (windows, doors, plumbing, lighting, flooring, etc.) or furnishings (tables, chairs, audio-visual equipment, appliances, etc.).
Insurance Policies: Families often have life insurance policies originally purchased to cover mortgage expenses or pay for college for a child. If these reasons no longer exist, an insurance policy can be a wonderful way to make a gift to the church. The tax deduction is equal to the replacement value or the donor’s cost in the policy, whichever is less. The church will have the option of retaining the policy or taking the current cash surrender value.
Personal Property: Tax-deductible gifts of personal property may include antiques, art, jewelry, vehicles, boats, coin or stamp collections and other valuable assets. These gifts of personal property have varying tax deductibility requirements, so be sure to consult with your legal, financial and tax advisors about such requirements.
Publicly Traded Securities: Long-term appreciated capital gain property (such as stock) is one of the most common ways to make additional gifts. These gifts are tax-deductible at the full fair market value subject to some limitations. Also, the gain is not subject to taxation to the donor or the church. Example: a donor paid $2,000 to purchase stock now worth $10,000. If the donor sells the stock, he/she pays capital gains taxes on the $8,000 gain. If the donor gives the stock to the church, neither the donor nor the church pays taxes and the donor receives a $10,000 tax deduction.
