Did you know that nearly half your retirement plan assets can be eaten away by taxes at your death? Like many people, you are probably aware that the accumulation of assets in your retirement plan is the basis for a financially secure future. To preserve your retirement assets after your lifetime, consider the benefits of using them in a totally different way than you might have thought. Retirement accounts are often exposed to income taxes and estate taxes, at a combined marginal rate that could rise to 65% or even higher on large, taxable estates. These taxes can be avoided or reduced through carefully planned charitable gifts.
Gifts of Life Insurance have become a very popular and easy way for people to make a donation to their church or other charitable organization. Making such a gift can be as easy as simply naming the church as one of the beneficiaries of a life insurance policy. One can also donate the policy itself.
Gifts of Securities can be a great way to make a larger donation while avoiding any capital gains taxes. One can donate appreciated stock held more than a year and pay no capital gains taxes.
Gifts of Real Property such as land, houses, buildings or other non cash assets can be made to the church.
If you would like to receive a constant stream of income for life, cut taxes and make a charitable gift, you might want to look into attractive plans that allow you to accomplish these goals through the Trinity Foundation.
The Trinity Foundation was established to help members of the Trinity family facilitate various types of estate gifts that would benefit both you as the donor and Trinity. An endowed fund was set up as part of the foundation to receive gifts that will assure the future of Trinity. Only the interest earned on the principle in the endowed fund will be used by Trinity while the principle remains intact and continues to generate income for the church.
A Charitable Gift Annuity is a simple gift agreement set up between you and the Florida United Methodist Foundation that enables one or two persons to receive a lifetime income that is partially tax free.
A Charitable Remainder Trust can be set up by you as an irrevocable gift to Trinity. There are two basic types of Charitable Remainder Trusts: Annuity Trusts (CRAT) and Unitrusts (CRUT). Annuity Trusts pay a fixed amount of income to the donor and Unitrusts pay a percentage based on the annual value of the trust.
Frequently asked questions about the Trinity Foundation
Q: How can I have a impact on the life of Trinity now and forever?
A: Through Trinity Foundation, members and friends of TUMC have a way to make charitable gifts as a permanent endowment for financial support of the church as well as a living memorial.
Q: What is Trinity Foundation?
A: Created in 1995, Trinity Foundation is not only a permanent endowment but is intended for church purposes which are not funded through the annual operating budget.
Q: What is the Legacy Club?
A: The Legacy Club includes those of us who have made charitable gifts to Trinity Foundation.
Q: What are some of the ways my gift can be made?
A: Outright gifts may be made with cash, stocks, and property. Planned gifts may be bequests, living trusts, life estates, insurance policies, donor life income programs.
Q: What special fund categories are available for my legacy gift?
A: Currently we have six different funds: capital improvement and nonrecurring maintenance, education and scholarship, outreach and mission, children and youth ministries, music, and general. One can also create a specific named fund with a minimum gift of $10,000.
Q: What are some examples of gifts that have been made?
A: Jean Evans - Children's Ministry, General Fund; Petty Family - General Fund; Alyce Boyd - Missions)
Q: How can I request grant funding from Trinity Foundation?
Q: How much can I request?
A: The amount per year will vary according to income.
Q: What are some examples of grants that have been funded by Trinity Foundation?
A: Family Promise received a grant for transportation needs and Trinity Trustees for a sidewalk in 2015.
In the Christian faith, our understanding of the Divine is that God is the incredibly Generous Host of all creation. Because God has given so much to us, our only natural response is to give back to God as an act of worship. When you give to Trinity United Methodist Church, you are joining us in ministry to help make disciples of Jesus Christ for the transformation of the world.
December is a wonderful time to share a special gift with your church home. There may be giving opportunities available to you that can be a blessing that supports the ministries of the church while also being advantageous to you as a tax deduction.
Imagine the possibilities. That is the goal behind our 2011 Mortgage Elimination Campaign, to transform a future of debt into a future of opportunities.
On January 23, 2011 we launched what may well be the most important capital campaigns this church has had in its history. Our goal has been to inspire, challenge and encourage the church family to give its generous financial support to this vital campaign with a goal of eliminating our $3.3 debt by May 31, 2014.
The current mortgage balance is $974,000 (!!) with 1 year to go in the campaign. If we receive the outstanding pledges we will have the mortgage down to $125,000 by May 2014. That is amazing!! God is doing a wonderful work among us. They asked for anyone who has not contributed to get involved.
No gift is too small. With God's help and everyone's support and prayers, we will all gather together in celebration as we burn the mortgage next year.
Jesus reminds us that we are more blessed to give than to receive. As is often the case this time of the year, we are a bit behind on our budget for the year. While we remain optimistic that people will give faithfully, we need to make giving to the church an important part of our faith journey. Every gift we give touches lives in the name of Christ!
Our goal is to receive a minimum of $2,000,000 in pledges. To reach that goal we will need 100% participation from our congregation. Pledging helps us as individuals be more faithful in our giving and helps the church better plan its budget for 2013. The event will be held October 14-November 11. You are invited to turn in your pledge cards at the closing celebration November 11. You can also fill your plegde card out online here