Epworth
a United Methodist Church
19285 Holland Glade Road
Rehoboth Beach, DE 19971
302.227.7743
www.epworth-rehoboth.org
Extending Gifts Beyond Our Lifetimes
One of the most important ways that you may express your personal commitment to the mission and work of Epworth United Methodist Church is by making a gift today that will provide financial support after your lifetime. Gifts may be designated for specific ministries like the Endowment Fund, Capital Campaign, Cemetery, or Preschool, or for general use. Epworth suggests the following gift arrangements, through which you may provide for the organization during your lifetime or in your estate plan.
BEQUESTS
You may include the Epworth as a beneficiary of your will for a specific amount, for a percentage of your estate or as a contingent beneficiary. Gifts to Epworth, a 501(c)(3) organization, qualify for the estate tax charitable deduction. When your attorney drafts your will, we suggest using the following language: "I give to the Epworth United Methodist Church, a non-profit corporation with its principal offices in Rehoboth Beach, Delaware, [(the sum of $__) or (all or _percent of my residuary estate)] to be used for [its general purposes]."
GIFTS OF RETIREMENT PLANS & LIFE INSURANCE POLICIES
If you have life insurance through your employer or if you have your own separate policy, you may name Epworth as beneficiary. You may also make Epworth the beneficiary of an IRA, Keogh, 401(k), 403(b) or other qualified retirement plan, enabling you to avoid substantial income and estate taxes.
GIFTS OF REAL ESTATE
Donating real estate to Epworth may also be beneficial to your financial planning. Often the value of a residence, vacation home, farm or vacant lot has appreciated so greatly that its sale would incur a sizable taxable gain. By making a gift of real estate to Epworth, you would avoid capital gains while receiving a tax deduction for the full, fair market value of your property. Gifts of real estate may be made outright or through a life income gift.
OUTRIGHT GIFTS
An outright gift is the easiest way to provide immediate support to Epworth. Outright gifts come to Epworth in many forms, including cash, stocks and bonds, and real estate. Writing a check is the simplest and most effective way of supporting Epworth. If you itemize, gifts of cash are deductible up to 50% of your adjusted gross income. Any excess unused deduction may be carried over for a period of five years.
Making a gift of securities, such as stocks or bonds, is an easy and advantageous way to provide for Epworth. A gift of appreciated securities, defined as those that have been held for at least one year, are tax deductible for their fair market value up to 30% of your adjusted gross income. Any excess unused deduction may be carried over for a period of five years. You also avoid capital gains tax on their transfer.
LIFE INCOME PLANS
Life income plans allow you to support Epworth and, in return, receive income for the rest of your life. Life income plans may also provide significant income tax savings and favorable capital gains tax treatment of gifts of appreciated assets. Some of the most popular life income plans are as follows:
Charitable Gift Annuity — Through this contract with Epworth, you make a donation and receive a fixed income for your and/or a beneficiary's life. Annuity rates are based on the age of the beneficiary(ies) at the time of the gift. You will also receive an immediate charitable deduction for a portion of your gift. In order to receive payments from a charitable gift annuity, you must be at least 60 years of age.
Pooled Income Fund — Contributions to Epworth Pooled Income Fund are pooled together and invested to generate income for Fund partici¬pants. Your gift will allow you to receive variable quarterly payments for life. You will also receive an immediate charitable deduction for a portion of your gift. A pooled income fund beneficiary must be at least 60 years of age.
Charitable Remainder Trust — In exchange for a donation of cash, securities or real estate valued at $100,000 or more, you may establish a charitable trust that benefits you, family members, or friends. Charitable Remainder Trusts are separately invested trusts, allowing you the flexibility of choosing the number of beneficiaries and specific rate of return.
If you are considering a gift to Epworth, we strongly recommend that you consult with your financial and legal advisors to learn how a gift would work in your circumstances. Laws and regulations governing all gifts and availability of certain life income plans vary by state.
FOR MORE INFORMATION
Epworth: a United Methodist Church
19285 Holland Glade Road
Rehoboth Beach, Delaware 19971
email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
telephone: (302) 227-7743
website: www.epworth-rehoboth.org
To give a Gift/donation, please click on the "Donate" button below. All transactions are secure.