Ways of Giving - Details

Now: Outright Gifts

Gift Type Summary Goals Minimum Difficulty Next Step
Cash An outright gift of cash provides the largest deduction from your taxable income.
  • Immediate benefit to Second Church
  • Minimize gift planning
  • Full charitable deduction
  • Maximize deduction

Any amount

Easy Your discretion
Securities An outright gift made by transferring securities to Second Church, potentially provides both a tax deduction for the gift and avoidance of capital gains taxes.
  • Generous support for Second Church
  • Avoid capital gains taxes
  • Remove asset from estate
  • Maximize deduction

Any amount

Easy to Moderate

To make the transfer, contact: 

Real Estate

As a general policy, the Church will not accept gifts of real property, unless the subject property is contiguous to real property already owned by the Church.

For property that is not contiguous to property already owned by the Church, selling the property and transferring proceeds to the Church is preferred.

  • Generous support for Church
  • Possible income tax deduction
  • Possible avoidance of capital gains taxes
  • Possible removal of sizeable asset from estate

Any amount

Complex

Gather your team:

Retained Life Estate Retained life estate provides for a current gift of your property, and you retain the right to live in and use the property for the lives of you and your designee(s).

Any amount

Complex

Gather your team:

Back to Planned Giving Options >

Income: Gifts that Pay Back

Gift Type Summary Goals Minimum Difficulty Next Step
Charitable Gift Annuity

An irrevocable gift of cash or securities in which you receive a predictable fixed income for life.

At termination, Second Church receives the residual value of the annuity.

Available rates of return: Single Life / Two Lives

How a Charitable Gift Annuity Works

  • Significant support for Second Church
  • Predictable income
  • Simple contract; no donor fee
  • Immediate income tax deduction for a portion of the gift
  • Income treated as part ordinary income, part capital gains income, part tax-free
$5,000 Easy to Moderate

Gift Illustrator and Calculator

provided by Texas Presbyterian Foundation
Charitable Remainder Trust

An irrevocable gift of assets into a charitable trust that provides you a fixed (Annuity Trust) or variable (Unitrust) income for life or a set term. At the trust's termination, the trust assets become a generous
gift to Second Church.

How a Charitable Remainder Trust Works

Unitrust vs. Annuity Trust: What's the difference?

  • Significant support for Second Church
  • Potentially increase income
  • Charitable income tax deducation for a portion of the value of the gift
  • Diversify source(s) of income
  • Reduce estate taxes

Varies

Complex

Gift Illustrator and Calculator

provided by Texas Presbyterian Foundation
Charitable Lead Trust Income payments are distributed to Second Church for a set period of years, after which the assets are transferred back to the grantor or the grantor's beneficiary.
  • Generous support for Second Church now
  • Removes trust assets from estate
  • Transfers assets to heirs with little or no tax
  • No deduction

Varies

Complex

Gift Illustrator and Calculator

provided by Texas Presbyterian Foundation
Back to Planned Giving Options >

Later: Estate Gifts

Gift Type Summary Goals Minimum Difficulty Next Step
Bequests by Will

A gift to Second Church through your will (or revocable trust) 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 value, percentage or the residual value of your estate.

Please let Second Church know your intentions.

The legal name of Second Church is Second Presbyterian Church of Little Rock, Arkansas.

 

  • Significant support for Second Church
  • No immediate cost
  • You retain the asset and its use
  • May change at any time
  • Leave a specific amount or percent
  • Federal estate tax exempt
Any
Amount or Percent
Easy
Retirement Assets In some cases, retirement plans can be the best asset for a donor to leave to Second Church. Retirement assets can be taxed up to 70% upon inheritance. Naming Second Church as the beneficiary can avoid that taxation as assets can pass tax free to charitable organizations. You may reserve lower taxed assets to bequest to your heirs.
  • Significant support for Second Church
  • No estate or income taxes for Second Church.
  • Leaves other more favorably taxed assets to heirs.
Any
Amount or Percent
Easy Beneficiary Designation Form
from your plan administrator

Your advisor can help decide if this fits with your overall estate plan
Beneficiary Designations

Designate Second Church as a beneficiary of an account or policy. This is a simple and inexpensive way to remember Second Church in the future.  When making a gift, please use the full legal name Second Presbyterian Church of Little Rock Arkansas at 600 Pleasant Valley Drive, Little Rock AR 72227.  Please consider:

INVESTMENT ACCOUNTS
"TOD" or "Transfer on Death": At death this designation immediately moves designated investment securities to a new owner - Second Church if you wish.*

BANK ACCOUNTS
"POD" or "Payable on Death": transfers bank account assets to the POD beneficiary. You may wish to consider a bank account not needed by heirs - to benefit the Second Church.*

LIFE INSURANCE
If your insurance policy is no longer needed, you could simply change Second Church to be the primary beneficiary of the existing policy. If your loved ones still need the security of the policy, consider listing Second Church as a contingent beneficiary or a co-beneficiary of the policy.*

  • Meaningful support for Second Church.
  • Retain complete control of the asset during your life.
  • Change the designation any time.
  • Beneficiary designations can be primary, secondary or congtingent, and they can be specific amounts or a percentage of the account.

Any amount or percent

Easy Beneficiary Designation Form
from your Insurance or Financial Institution

* Check with your advisor to assure that this fits with your overall estate plan
Back to Planned Giving Options >

To Learn More:

Photo Director of Planned Giving Malinda Kirchner

Malinda Kirchner, Director of Planned Giving

To learn more about a gift that is right for you and your family’s needs, please contact Malinda Kirchner, Director of Planned Giving, (501)350-4681 or malindakirchner@secondpreslr.org.

Mission Statement

Planned giving presents the opportunity for our members to extend their financial support of our church beyond our lifetimes. Our goal is not to elicit a planned gift from every member, but to give every member the opportunity to make an informed decision about making a planned gift to Second Presbyterian Church.