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The Foundation offers a variety of planned giving tools. We help donors select the best tools to achieve their objectives in furthering the work of their church or other ministry. A Charitable Gift Annuity has two primary components: · Provides a lifetime income to the donor and/or spouse (or other person). · Provides for the remainder to benefit ministries of the church or other charities, which you specify. Currently, annuity rates range from 5.7% ................................ for a donor age 60 11.3% ................ for a donor age 90 and over Annuity payments to the donor are based upon two factors: 1. The age of the donor and/or second beneficiary at the time of the gift 2. Whether the annuity payments will be paid for one or two lives. The donor gets an immediate income tax deduction for a portion of the value transferred to the Foundation. In addition, if appreciated property is transferred, a portion of the capital gain income is avoided completely and the remainder is reported over the donor’s life expectancy. Only a portion of the annuity payments received will be taxable. Click here to contact us
1. An Annuity Trust provides a fixed annual income. 2. A Unitrust provides a variable income determined each year as a percentage of the value of the trust assets. The trust property is excluded from your estate for both tax and probate purposes.
The donor gets an immediate income tax deduction for a portion of the amount transferred to the trust. In addition, if appreciated property is transferred, the capital gain income is avoided.
The donor receives an income tax deduction for a portion of the initial gift. Earnings on trust assets are excluded from the donor’s taxable income.
The value of the donor’s gift of future income to charity reduces the taxable value of assets ultimately transferred to named beneficiaries. Furthermore, appreciation on assets held in the trust avoids federal estate tax at the donor’s death.
The proceeds of the gift are held in a professionally managed investment account during the term of the agreement. The donor can recommend periodic distributions of income and/or principal. This makes it easy to make one gift of assets and direct the benefit to support multiple charities and/or support charities over a long number of years. It is also an ideal tool for those wanting to make large contributions because of high income in one year.
The initial Donor Advised Fund agreement provides recommendations for distribution of the remainder upon the death of the donor.
Sometimes a donor wishes to gift an asset, such as a block of stock or parcel of real estate, to a combination of charities. This is usually not feasible unless the gift is made to another charitable organization equipped to sell the asset and distribute the proceeds.
Often donors desire to establish an endowment fund with income directed for perpetual support a special ministry or several ministries. They need someone to hold and administer the fund.
Your United Methodist Foundation is equipped to provide the services needed to accomplish such gifts. We frequently receive gifts in exchange for a life income contract for the ultimate benefit of a local church or other ministry. We also receive gifts designated to benefit multiple charities or to establish a family named endowment fund.
In the year title is transferred, you get an income tax deduction. Upon your death, the charity receives the property to use in supporting ministries that you have designated. The property is excluded from your estate for both tax and probate purposes.
A Will (or trust) allows you to provide for family members. It also allows you provide for your church. Including the Foundation in your will can satisfy your need for responsible Christian stewardship and shows faith in the future of the Church. It is an excellent way to give what you may not have felt able to give during your lifetime.
A bequest to the Foundation is an ideal way to provide perpetual support to specific Foundation grants, specific ministries of the Conference, your local church, or other charities.
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