Legacy Giving & Estate Planning
Including the church or its endowment in your thoughtful planning will provide a lasting impact and give you peace of mind.
Get Your Guide to Estate Planning
Through our ministry partner, Texas Methodist Foundation, we can connect you with the resources to help you plan for the security of your loved ones and to continue your impact after your lifetime. They offer a free guide to support starting your Estate Plan including an essential checklist and question you need to answer to ensure your plan is rock solid. The free comprehensive estate planning kit helps you protect your family and establish your legacy. This guide can be a starting point if you are creating or updating your will and it provides a roadmap to the other information you will want to leave a road map for your loved ones.
IRA Beneficiary Designation
Naming the church or its endowment as the beneficiary or a partial beneficiary can have a positive impact on the church and be an effective planning strategy.
If the idea of not leaving your IRA to loved ones worries you, remember that your beneficiaries would have to pay income taxes on the distributions they receive while the church will have no tax obligation. You can leave other assets to your heirs that won’t have the same tax burden, such as investment accounts, real estate or life insurance.
Get Your Guide to Estate Planning
Through our ministry partner, Texas Methodist Foundation, we can connect you with the resources to help you plan for the security of your loved ones and to continue your impact after your lifetime. They offer a free guide to support starting your Estate Plan including an essential checklist and question you need to answer to ensure your plan is rock solid. The free comprehensive estate planning kit helps you protect your family and establish your legacy. This guide can be a starting point if you are creating or updating your will and it provides a roadmap to the other information you will want to leave a road map for your loved ones.
IRA Beneficiary Designation
Naming the church or its endowment as the beneficiary or a partial beneficiary can have a positive impact on the church and be an effective planning strategy.
If the idea of not leaving your IRA to loved ones worries you, remember that your beneficiaries would have to pay income taxes on the distributions they receive while the church will have no tax obligation. You can leave other assets to your heirs that won’t have the same tax burden, such as investment accounts, real estate or life insurance.
OTHER ESTATE GIVING OPTIONS
Contribute to Your Donor-Advised Fund (DAF)
Add funds to an existing DAF or open a new one by a written agreement at a community foundation or sponsoring organization. You qualify for a tax deduction when you make a gift to a DAF, without immediately having to choose the organizations you want to support. If you are ready to start making an impact with your DAF, consider recommending a grant (or recurring grants) to support TMF.
Secure Great Gift Annuity Rates
You can also use your IRA to set up a charitable gift annuity (Using cash or appreciated stock to fund a gift annuity is also a great option). Act now to lock in a great rate for life, regardless of what happens in the markets.
Contact our treasurer for a referral or visit Gift Planning | Texas Methodist Foundation.
Add funds to an existing DAF or open a new one by a written agreement at a community foundation or sponsoring organization. You qualify for a tax deduction when you make a gift to a DAF, without immediately having to choose the organizations you want to support. If you are ready to start making an impact with your DAF, consider recommending a grant (or recurring grants) to support TMF.
Secure Great Gift Annuity Rates
You can also use your IRA to set up a charitable gift annuity (Using cash or appreciated stock to fund a gift annuity is also a great option). Act now to lock in a great rate for life, regardless of what happens in the markets.
Contact our treasurer for a referral or visit Gift Planning | Texas Methodist Foundation.