Popular Forms of Planned Giving
BEQUEST: Provides for loved ones, the church and others through a provision inyour will. It can be a specific asset, a dollar amount, or a percentage of your estate.
ENDOWING AN ANNUAL PLEDGE: Allows you to endow your annual pledge to First Presbyterian so that your pledge continues to support vital ministries for generations.
LIFE INSURANCE: Allows you to make a larger gift with the smaller cost of aninsurance policy.
INDIVIDUAL RETIREMENT ACCOUNT (IRA): Offers potential tax savings by designating the church as beneficiary.
REVOCABLE LIVING TRUST: Allows you to control the distribution of your assets, including those to the church, without probate.
CHARITABLE REMAINDER TRUST: Allows you as the donor to receive income forlife while making a major gift to the church.
CHARITABLE LEAD TRUST: Allows you to provide income to the church for a period of time, but later have the principal of the trust returned to your heirs.
May I memorialize a loved one?
Of course! Contributors to The First Fund may designate any of the planned giving vehicles in memory of someone else.
May I designate a Planned Gift for a purpose?
Yes, although we encourage you to make planned gifts to The First Fund without restrictions or designations, so that succeeding generations canmake prudent decisions for effective ministry in the future. The corpus of the endowment is protected in perpetuity: the income from the corpus can be used as each generation assesses the church’s most timely and urgent needs.