WAYS OF GIVING:
Pledging: It is the bread and butter income that keeps the church running. From salaries to cleaning supplies, pledges are essential with each member responsible for contributing to the best of their ability.
HOW AND WHEN: Pledge at any time or renew your pledge during pledge week.
Memorial fund: A gift dedicated to the memory of a loved one. It is usually an ‘In lieu of flowers’ type of gift and the funds are used to help with special needs of the church. Funds are kept separate and administered by the memorial fund committee.
HOW AND WHEN: Contact the church office for more information.
Endowment Fund: Covers the special needs of the church, such as major maintenance expenditures. Funds are kept separate and administered by a committee according to specific guidelines.
HOW AND WHEN:
Stock Gifts: Stock is a convenient way to give gifts of appreciated securities to the Church, thereby enjoying additional tax savings. If you transfer stock that has been held for more than a year and has appreciated in value, the Church can sell the stock and you will avoid tax on the gain. To make a gift of securities please call, or have your broker contact the Seneca Falls Methodist Church.
Planned giving options:
1. Your Will: You may also want to remember the church in your will. It is a meaningful way to help insure that we will be able to continue to carry out the church mission for generations to come.
2. Life insurance: An attractive gift option if you own a policy that is no longer needed for its original purpose. By naming Seneca Falls Methodist Church as the owner and beneficiary of a life insurance policy, you can take an immediate tax deduction for the accumulated cash value of the policy and a future deduction for any subsequent premiums which you pay
3. You can establish a charitable remainder annuity trust by irrevocably transferring assets to a trustee, who then makes fixed annual payments to you and/or other beneficiaries. At the end of the trust term, the assets remaining in the trust are distributed to the church for the purpose you designate.
4. When you establish a charitable remainder annuity trust, you and the trustee agree to the amount of the annual payment to you and/or other beneficiaries. The amount of the annual payment must be at least 5 percent of the trust assets’ initial fair market value and is generally taxable to the beneficiaries.
This type of trust may appeal to older beneficiaries who appreciate knowing exactly how much they will receive each year and are not as concerned about the effects of inflation over time. Contact your accountant or financial adviser for more information.
Whatever form your support takes, thanks for the much needed contribution!