ENDOWMENT TRUST OVERVIEW
The Village Church Endowment Trust is a non-profit foundation that enriches the church’s mission and ministries, funds new initiatives and leaves a legacy for future generations. It raises and manages funds to provide resources for the future and also supplements the Church’s stewardship contributions, providing almost 12% of the total budget in 2015.
There is no minimum or maximum amount that you can give to the Endowment Trust and listed below are the many ways in which can contribute. By naming the Endowment Trust as a beneficiary in your estate plan, you qualify for membership in the Meneilly Society.
Your donation may be designated towards one of our Legacy Funds which is earmarked for specific ministries. Undesignated gifts will be placed into a general fund.
We ask that you prayerfully consider supporting the Endowment Trust.
HOW YOU CAN CONTRIBUTE:
Wills and Bequests
We hope you'll consider including a gift to the Village Presbyterian Church Endowment Trust in your will.
• Only a few sentences in your will are needed.
The proper wording for a bequest to the Village Presbyterian Church Endowment Trust is:
"and to the Village Presbyterian Church Endowment Trust, a Kansas not-for-profit, located in Prairie Village, Kansas....."
• You can structure the bequest to leave a specified amount of money or a percentage of your estate.
• If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift's full value.
Charitable Remainder Trust
You can set-up a charitable remainder trust and designate the Village Presbyterian Church Endowment Trust as the beneficiary, with the help of your attorney, tax professional or investment professional. You will receive income each year for the rest of your life from assets you give to the trust. Your income can be either variable or a fixed amount. After your lifetime, the balance in the trust goes to the designated beneficiary.
You can name the Village Presbyterian Church Endowment Trust as a beneficiary of a life insurance policy. By doing this, you may receive a charitable deduction and remove the life insurance policy from your taxable estate.
Your life insurance company can supply the forms necessary to complete this type of gift.
APPRECIATED STOCK & ASSESTS
A gift of appreciated assets to the Village Presbyterian Church Endowment Trust can provide valuable tax incentives to the donor. By gifting appreciated assets such as stocks, mutual funds or real estate, the donor may be eligible for an income tax deduction up to fair market value of the gift, as long as the asset has been owned for more than one year. In addition to receiving an income tax deduction for the asset(s) gifted to the Endowment Trust, the donor also may be able to avoid the capital gains tax that would be incurred had the asset(s) been sold by the donor.
Available through the PCUSA.
Most retirement plans, including 401(k)s and IRAs, are income tax–deferred assets, meaning that income tax is not paid until the funds are distributed to you during your lifetime, or upon your death. Because they will continue to be subject to income taxes to your beneficiaries after your death, retirement assets make ideal gifts to tax-exempt charitable organizations such as Village Presbyterian Church Endowment Trust. By naming the Village Presbyterian Church Endowment Trust as the primary or secondary beneficiary of your retirement account, your heirs will be able to avoid all income and estate taxes on your retirement plan assets.
there are many ways you can contribute. Name the Endowment Trust in your estate plan and become a member of the Meneilly Society; make a gift in honor or in memory of someone through a Tribute gift; or a cash gift to the Endowment Trust helps grow our funds, attributing more support to the mission and ministry of Village Church.
You can give easily and securely one time or by recurring giving with your credit card online. Please be sure to specify the congregation and fund you are designating.
Cash or check can be given during any of our Sunday services. If you'd like to receive a tax deduction for cash gifts, the gift should be placed in an offering envelope with your name and address on it.
BY AUTOMATIC BILL PAY:
Automatic Bill Pay from your checking account is a great way to give regularly and consistently to Redemption. In addition, it saves the church transaction and credit card processing fees.
Interim Director of Finance