Planned Giving Brochure | Podcasts & Articles | Glossary
Throughout the history of the church, members and co-workers have supported the gospel message the Jesus Christ and His Church through charitable gifts. These gifts help individuals and families meet their personal philanthropic goals while also advancing the Church mission. While some people desire their charitable gifts to be realized immediately—usually through cash, stock, or property—others seek to extend their generosity into the future through planned gifts.
Planned gifts are financial arrangements that can take on many forms and have various tax implications. Planned gifts can be established as a way to protect your assets, provide for your family, or guarantee you income for life. It is even possible to make a significant impact through a gift that costs nothing in your lifetime through a charitable bequest under your will. The giving options outlined in this website may be helpful in leading you to a wise and informed decision. Thank you for your interest in learning more about charitable and planned gifts to the United Church of God.
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Ways to make a charitable gift
- Cash, check, wire transfer
- Stocks, bonds, other securities
- Mutual funds
Ways to make a planned gift
- Will or living trusts
- From retirement plans
- Estate notes
- Life insurance
- Beneficiaries designations
- Charitable Remainder Trust
- Charitable Lead Trust
Suggested Reading about Planned Giving
United News articles:
- Fundamentals of an Estate Plan (March-April 2020)
- Consider Your Finances In Times of Uncertainty (May-June 2020)
- Leaving an Inheritance, What Should I Consider? (July-Aug 2020)
- Teaching Our Families How Money Works, Planned Giving (Sept-Oct 2020)
- What Is Planned Giving? (Nov-Dec 2020)
- Financial Needs of the Blended Family (Jan-Feb 2021)
- Gifts of Stock and Mutual Funds (March-April 2021)
- Life Insurance and Planned Giving (May-June 2021)
- Using a Charitable Lead or Remainder Trust in Your Estate Planning (July-Aug 2021)
- Time to Get Estate Documents (Sept-Oct 2021)
- Debt: A Blessing or a Curse? (Nov-Dec 2021)
- Choosing Your Executor/Trustee (Jan-Feb 2022)
What is planned giving?
Planned Giving is a part of an overall financial and estate plan. It is useful to think of planned giving as a process as opposed to a set of products.
How do I start planned giving?
Many people already do a type of personal planned giving without even realizing it.
How? You are making planned giving arrangements anytime you name beneficiaries on your retirement accounts, life insurance or annuity policies, or when you bequeath property in your Will or Trust.
Who should I name as my beneficiary?
The naming of beneficiaries is an act of love toward those we love. We all should take time to review and update our beneficiaries and consider our family first. Reviewing and updating as needed is a good practice because having named and documented beneficiaries simplifies the transfer of assets after death.
What are some thoughts about planned gifts in the church?
Throughout the history of the Church, members and co-workers have supported the gospel message of Jesus Christ and His Church through charitable gifts over and above tithes and Holyday offerings. Many times these planned gifts help individuals and families meet their personal philanthropic goals while also advancing the mission of the Church.
Assets: Property you own, whether in the form of money, property, or other investments.
Beneficiary: The person or entity named in a Will, Trust, bank account, investment account or insurance policy to receive gifts or benefits upon your death.
Bequest: A gift of personal property, including real property such as a home, land, etc., as stated in a Will.
Estate: The entirety of your assets and debts upon your death.
Executor: The individual granted the authority by your Will to carry out the terms of your Will as you directed.
Probate: A court proceding that officially proves the validity of a Will, provides for an inventory of your property, resolves all debts and claims, then grants an OK for distribution of your assets to the beneficiaries. Testamentary I "payable-on-death" (POD) accounts: Usually bank or investment accounts that name a beneficiary upon your death. These accounts also avoid Probate and can even bypass your existing Will or Trust.
Trust: An estate-planning device that includes the essential elements of a Will, but allows for a quicker transfer of assets by you as the owner and Trust creator ("Grantor"), through a Trustee, to beneficiaries, while avoiding Probate.
Will: A formal document prepared in accordance with legal requirements, by which you name beneficiaries and what property they are to inherit or receive after your death. The Will should name an Executor, or the Probate Court will do so.
Our Planned Giving brochure covers many of the commonly used planned giving methods including Last Will and Testament, Will Substitutes, Qualified Charitable Distributions, Life Insurance as a Planned Gift and Trusts.
If you have questions and want to learn more please contact:
President, United Church of God
555 Techne Center Dr.
Milford, OH 45150