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Stewardship is our response to the “exceedingly great and precious promises” spoken of in 2 Peter 1:4. Through planned giving we extend our stewardship beyond the grave.
Stewardship beyond the grave might seem like merely a catchy fundraising phrase, but it is firmly grounded in Holy Scripture. Consider the words of St. John the Evangelist who wrote: Then I heard a voice from heaven say, “Write: Blessed are the dead who die in the Lord from now on.” “Yes,” says the Spirit, “they will rest from their labor, for their deeds will follow them.” Revelations 14:13, NIV
Here’s a “short list” of planned gifts that can express your generosity and may offer significant tax benefits.
GIFTS OF CASH – can be made by writing a check or giving cash equivalents, such as money market funds and certificates of deposit
GIFTS OF SECURITIES – can be made to the church by sending the unendorsed stock certificate in one envelope and a signed stock power form in another envelope. If you do not have a stock certificate or if you are donating mutual funds, contact your financial advisor.
GIFTS BY BEQUEST – can be made from any type of property owned at your death. You can bequeath a dollar amount, percentage or residual assets to the church. Dollar amounts are the least desirable gift because inflation can seriously erode a generous gift over a period of years.
GIFTS FROM RETIREMENT FUNDS & IRA’S – can be made if you are beyond the age at which a penalty is imposed for withdrawals. You can notify your plan administrator or financial advisor that you would like to withdraw sufficient amounts to cover the charitable gifts you plan to make this year.
GIFTS OF INSURANCE – can be made by transferring the ownership of an existing policy, assigning the church as a charitable beneficiary or purchasing a new policy with the church as the owner.
TRUSTS – can be used as part of your estate planning – Charitable Remainder Trusts (CRT) will provide the donor a life income with the remainder going to the church. Charitable Lead Trusts (CLT) will provide income to the church over a scheduled period of time without the asset leaving the estate.
For assistance with making a planned gift please contact Lew Elicker or the Pastor.