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 First Presbyterian Church
  • Minimize gift planning
  • Full charitable deduction
  • Maximize deduction
Any Amount Easy Your discretion
Securities An outright gift made by transferring securities to First Presbyterian Church, potentially provides both a tax deduction for the gift and avoidance of capital gains taxes.
  • Generous support for First Presbyterian Church
  • Avoid capital gains taxes
  • Remove asset from estate
  • Maximize deduction
Any Amount Easy to Moderate

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Real Estate A gift of real estate may be deeded outright to First Presbyterian Church. The irrevocable gift of property may provide an immediate tax deduction. Further considerations...
  • Generous support for First Presbyterian Church
  • Income tax deduction
  • Avoid capital gains taxes
  • Removal of sizeable asset from estate
Any 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 Complex

Gather Your Team:

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Income: Gifts that Pay Back

Gift Type Summary Goals Minimum Difficulty Next Step
Charitable Gift Annuity An irrevocable gift of cash or securities where you receive a predictable fixed income for life.

In exchange for your gift to the Foundation, you will receive payments for life and a portion of your gift may be made available immediately to support a mission or ministry you have selected or it could be distributed after your lifetime.

Rates: Single Life / Two Lives

EXAMPLE DIAGRAM
  • Significant support for First Presbyterian 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
$10,000 Easy to Moderate

Gift Calculator

Provided by the Presbyterian Foundation

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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 First Presbyterian Church.

EXAMPLE DIAGRAM

Unitrust vs. Annuity Trust: What's the difference?
  • Significant support for First Presbyterian 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
$200,000
varies
Complex

Gift Calculator

Provided by the Presbyterian Foundation

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Charitable Lead Trust Income payments are distributed to First Presbyterian 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 First Presbyterian Church now
  • Removes trust assets from estate
  • Transfers assets to heirs with little or no tax
  • No deduction
$200,000
varies
Complex

Gift Calculator

Provided by the Presbyterian Foundation

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Later: Estate Gifts

Gift Type Summary Goals Minimum Difficulty Next Step
Bequests by Will A gift to First Presbyterian 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 First Presbyterian Church know your intentions.
  • Significant support for First Presbyterian 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

Make Will or Add Codicil

Let us know so we can help ensure your intentions are met.

Retirement Assets In some cases, retirement plans can be the best asset for a donor to leave to First Presbyterian Church. Retirement assets can be taxed up to 70% upon inheritance. Naming First Presbyterian 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 First Presbyterian Church
  • No estate or income taxes for First Presbyterian 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 First Presbyterian Church as a beneficiary of an account or policy. This is a simple and inexpensive way to remember First Presbyterian Church in the future. Consider:

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

LIFE INSURANCE
If your insurance policy is no longer needed, you could simply change First Presbyterian Church to be the primary beneficiary of the existing policy. If your loved ones still need the security of the policy, consider listing First Presbyterian Church as a contingent beneficiary.*
  • Meaningful support for First Presbyterian 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
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