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First United Methodist Church
Endowment Foundation
Gifts for the Future
Planned gifts are vitally important to the future of First United Methodist Church. Persons willing to make planned or deferred gifts to First Church want to affirm the sacredness and purpose of the mission of the church.
What Is a Planned Gift?
A planned gift is made now with the use of the gift by First Church deferred to a later date. A planned gift benefits the member donor and the church. Government policies, laws, and regulations encourage deferred gifts to churches. The encouragement has occurred since the federal income tax laws were enacted.
There are many forms of deferred or planned giving. The most frequent forms are outright bequests, gifts of life insurance, life estates, life annuities, testamentary trusts, and other plans.
With appropriate legal and financial advice, planned giving can effectively increase an individual's gift to First Church without reducing monthly income or depleting financial resources for retirement. Planning giving results in substantial tax advantages for the donor. Planned giving is a faithful expression of Christian stewardship.
What Is the Purpose of the First United
Methodist Endowment Foundation?
The First United Methodist Church Endowment Foundation is a legally formed, not for profit organization existing for the purpose of facilitating and encouraging planned and deferred giving by the members and friends of First United Methodist Church.
Members and friends of the church can name First United Methodist Church Endowment Foundation as a beneficiary. First Church may assign any gifts or bequests designated for First United Methodist Church to the Foundation.
Gifts received by the Foundation are held in trust forever. Earned income generated by the assets of the Foundation can be used to support outreach ministries in which First Church has an interest and/or for capital improvement needs of First Church.
Gifts to the Endowment Foundation can be designated by you to fund a specific ministry, or left undesignated, to meet future needs as determined by our church leadership.
Advantages of a Life Income Trust
- Ability to make a generous contribution even if income is needed during lifetime.
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Generous current income tax deduction, which can be carried forward for five years.
- No capital gains tax on the gift of appreciated property.
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Income to donor based on full value of asset donated, rather than the amount that remains after the payment of taxes.
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Exclusion of charitable remainder interest from estate tax.
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Income can be deferred for retirement planning or given to a student for college costs.
For more information contact:
The Kansas Area United Methodist Foundation
9440 E. Boston, Suite 160
Wichita, KS 67207
(316) 682-1188
Planned Gifts for First United Methodist Will
* Help the Church forever.
* Not diminish lifetime income.
* Reduce tax liabilities.
The following kinds of gifts will support and affirm the mission and ministry of First United Methodist Church:
1. A will directing all or a portion of your estate to First United Methodist Church
2. An insurance policy naming First United Methodist Church as the beneficiary
3. A trust arrangement naming First United Methodist Church as a beneficiary
4. A charitable gift annuity purchased for the ultimate benefit of First United Methodist Church
5. A gift of property, with retained life interest, given to "First United Methodist Church.
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The Permanent Endowment Fund Committee of the First United Methodist monitors and controls these funds: The First United Methodist Foundation; planned giving for Outreach Ministries of First United Methodist Church; and Capital Improvements for First United Methodist Church.
For information contact:
First United Methodist Church Permanent Endowment Committee
200 S. Penn, Box 545
Independence, KS 67301
(620) 331-3840
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Prayer changes things!