legacy giving

ways to give

There are several planned gift options, most of which offer considerable tax benefits. Estates both large and small can benefit from giving and make a significant impact on Park Hill UMC.

•  Bequest (Will or living trust)

•  Beneficiary designation (bank, retirement, or life insurance)

•  Charitable remainder trust

•  Charitable lead trust

•  Retained life estate

 

what to give

•  Cash

•  Publicly traded securities

•  Retirement plan assets

•  Personal residence, vacation home, or other real estate

•  Life insurance policies

•  Closely held stock

•  Family limited partnership interests

•  Personal Collections

•  Other assets of value

legacy donations

Do you desire to leave a legacy by continuing to support Park Hill’s mission of welcoming ALL people to experience and share the extraordinary grace and love of Jesus, long into the future? Legacy giving, or “planned giving”, is a donation or series of donations made by an individual through a will or other formal designation. Gifts can be designated for a specific purpose, or to the general needs of the church.

memorials

Memorial gifts provide a meaningful way for individuals, families, and groups to honor and respect the life of a loved one. Memorial gifts are typically received by cash or check and recorded in a special restricted account to be applied toward a designated request or can be used to fund special needs or projects not included in the church operating budget. The church may work in consultation with members of the deceased’s family to determine the appropriate use of memorial funds.

retired members

Individuals aged 70½ or older are allowed to make charitable gifts by direct transfer from their IRAs to qualified charitable organizations of up to $100,000 per year. These gifts are free from federal income taxation. In addition, the income tax laws of most states also allow tax-free treatment for these gifts. Making gifts from IRA funds that would otherwise lead to increased taxes can be a wise choice for many. This is especially true for those who must take required minimum distributions each year.

important notice:

Consult with a professional advisor to determine if an estate gift is right for you. Your advisors can help you explore the possibilities and identify ways to maximize the financial and tax benefits of an estate gift. Park Hill UMC works with the Methodists Helping Methodists Foundation to provide information about these options. If you determine that leaving a Legacy Gift to Park Hill is right for you, please let us know by completing the following form:  Legacy Form so that we can acknowledge you.