Year-End Giving Suggestions
Well, it is December and 2015 is almost history. The end of the year is a good time for re-membering, taking stock, catching up, and giving. Consider these suggestions, one or more of which may work for you.
Give a “Second Mile” Gift. The end of the year is a splendid time to go the extra mile in recognizing the good work of favorite charities—and especially your church!
Give to Help People in the Aftermath of Severe Flooding. Thousands of people, especially in the south, are now homeless and it will take months to recover. The United Methodist Committee on Relief (UMCOR) has been there. 100% of your gift to the church, designated for “UMCOR—US Disaster Response” will go directly to help those in need.
You may have heard, recently, that our church received a gift of $50,000 from the es-tate of the late Christene Peebles. We certainly are grateful to her for her faithfulness, fore-sight, and generosity. And it was a surprise to receive the gift so soon after her death. That is one of the advantages of a Trust over a Will: no probate and distributions are made without long delays. Another indication that she had received helpful advice and had made some good decisions. Hers is a fine example and is worthy of consideration.
Have you considered naming First United Methodist Church Gilford in your Will or Trust? You can designate your gift to the church for a specific purpose or you can leave it un-designated. And if you designate that it be added to the Endowment Fund, your gift will last forever as it continues to produce income for the church in generations to come. Give it some thought and prayer. Then, if it seems to you like the right thing to do, make an appointment with your attorney. And as you proceed to create a bequest to the church, you may even hear a still small voice within, saying "well done, good and faithful servant." (Matthew 25:21 & 23)
--submitted by the Endowment Committee
Many of us give generously to the ministry and mission of Jesus Christ through First United Methodist Church of Gilford, and we assume our giving will continue as long as we live. But have you ever considered perpetuating your annual gift beyond your lifetime? You can do that very simply through a bequest.
By naming the church as a beneficiary in your will or trust, for a specific amount to be invested in the Endowment Fund, you can arrange to generate enough annual income to equal or exceed the amount of your present gift. Currently, our Endowment Fund is earning 3.75%.
So, for example, if you give $2,500 a year to the church (plus special offerings, etc), a bequest of $75,000 will produce an annual gift of $2,812—forever! Or, if you give $1,000 an-nually (plus special offerings, etc), a $30,000 bequest will guarantee an annual gift of $1,125—forever! Simply multiply the amount of your annual gift by 30. Then consider a bequest in that amount.
By naming the church in your will or trust, you can maintain your support of the minis-try and mission of Christ in future generations as FUMCG continues to serve the Lakes Region and the world in His Name.
What are They?
We've all heard the term "apportionments" (Mission Shares) but do you know what they are and how that money is used? Why does the our church conference want us to send them nearly $33,000 in 2015? Every United Methodist Church is committed to a share of the monies received by the con-ference. Here is some information taken from the UMC web page that can help you understand.
Together, United Methodists do remarkable ministry around the world. We care for survi-vors recovering from earthquakes and storms; we invest, long term, in vulnerable communities; we implement the most effective solutions to diseases like malaria; we equip the next generation to lead the church and society. In all of this, we share the good news of Jesus Christ.
Phil Anthropist and his wife became discouraged over some stock in their portfolio that, for years, had yielded only 2% annual income—and sometimes less. These stock shares, now valued at $100,000, had originally cost them $35,000. They were reluctant to sell the stock due to the tax bite on the $65,000 capital gain. But, now retired, they wanted more annual income than this portion of their portfolio had been providing.
After consulting with their tax accountant and a staff member of their United Methodist Founda-tion, Phil and his wife transferred the stock to the United Methodist Foundation. The UMF sold the stock and created a Charitable Remainder Annuity Trust with a payout of 6 %. Now their annual income from the $100,000 is $6,000, paid to them quarterly. They avoided any tax on the capital gain, and also re-ceived a substantial charitable income tax deduction which they can carry forward for up to five years.
Mr. and Mrs. Phil Anthropist have designated that, at their deaths, the remainder of the annuity trust will be divided as follows:
70% to their United Methodist Church Endowment Fund where their gift will yield annual income for local church ministries for generations to come.
20% to an Ecumenical Food Pantry in their city that helps to feed individuals and families in need.
10% to the United Methodist Foundation that offers Christian Stewardship education in their Annual Conference and offers grants to local congregations for significant start-up ministries.
Phil and his wife now enjoy the additional income and are pleased to know that their charitable gift will continue long after they are gone. Their story is a fine example of how thoughtful and strategic Christian Stewardship can benefit both the donors and the beneficiaries of Planned Gifts.
For more information about Charitable Remainder Trusts and other forms of Planned Giving, contact our church office or a member of our Endowment Committee (Barbara Madden, Gail Tapply, Jerry Albert, Dick Evans, or Pastor Tom).