Leaving a Lasting Legacy

Individual Planned Giving FAQ

What is Planned Giving?

Planned giving is a method of supporting charities that enables philanthropic individuals or donors to make larger gifts than they could make from their income. Planned gifts typically are funded from the donor’s accumulated assets rather than from his or her discretionary income. A gift may be funded by cash, securities, life insurance, retirement plan, personal property, real estate and other appreciated assets. Some planned gifts offer benefits to both the donor and the recipient.

What kind of gift can I make?

There are outright gifts, such as gifts of cash or appreciated assets that are sometimes used as a substitute for cash. There are deferred gifts, such as bequests made in a will or living trust, that are payable upon the donor’s death. There are life income arrangements such as charitable gift annuities and charitable trusts that return income or other financial benefits to the donor in return for the contribution.

What types of gifts does the Foundation accept?

The Foundation accepts charitable gift annuities, charitable trusts, donor advised funds, bequests and other types of planned gifts in which at least 40 percent of the gift will benefit a United Methodist church, agency, related institution or ministry.

What are the benefits of a life income gift such as a charitable gift annuity or charitable trust?

The donor receives a tax deduction for the full fair market value of the assets contributed at the time the gift is made. The donor receives income throughout his or her lifetime. Some of the income received through the annuity payments to the donor is tax-exempt.

What types of services does the Foundation provide to donors and prospective donors?

The Foundation staff will meet privately and free of charge with prospective donors to consult with them about gifts that are to be designated for United Methodist churches or related charities. The Foundation will enter into a contract with the donor, will provide custodial and/or trustee services and accounting services to the donor. Account information is reported monthly. The Foundation funds are audited annually.