Through the Broadway United Methodist Church Endowment Fund
What is the Broadway United Methodist Church Endowment Fund?
The Broadway United Methodist Church Endowment Fund is a permanent fund built through gifts from the membership and friends of the church. The fund’s purpose is to enhance the Christian mission of the church by supporting activities and providing for capital improvements. Through the Endowment Fund we share God’s love with the world. An Endowment Fund utilizes the income from monies given and invested while protecting the principal of the fund. Thus, gifts become permanently a part of the Endowment and give forever through earned income.
THERE ARE MANY REWARDING WAYS TO CONTRIBUTE
Here are some of the creative ways you can contribute to the endowment fund of your
choice while minimizing taxes* and fulfilling your other goals and obligations:
Bequests of a specific amount or percentage of your estate in your Living Trust can work very well. Have your attorney carefully specify that the gift goes to Broadway United Methodist Church - Endowment Fund Committee.
Memorial and Honor Gifts are both excellent ways to contribute cash gifts in memory or honor of someone you love. They can be funded with cash or appreciated property.
Charitable Gift Annuity provides for a high fixed income return guaranteed for life(s) with special tax benefits. At the end of your life(s), the balance of the annuity goes to the endowment fund of your choice.
Retirement Plans may provide an excellent deferred gift to further the mission of the endowment fund you select. This is a convenient way to provide a gift and at the same time avoid income tax on the retirement plan and in some cases estate taxes at your death. This is done by naming a Broadway United Methodist Church - Endowment Fund, and specifically, to a ministry of your choice as the remainder beneficiary after your death. You benefit by preserving your retirement plan’s value, which allows you to leave heirs other assets that may have less income tax liability.
Charitable Lead Trusts allow you to provide an income stream to an endowment fund of choice for a specific period of time, receive a charitable tax deduction for the gift, then pass the remainder to your family, while paying little or no taxes.
Gifts of Cash will be placed in the church endowment fund of your choice. You will receive an acknowledgement of your gift for tax purposes.
Life Insurance Gifts can be made by listing the Broadway United Methodist Church - Endowment Fund Committee as beneficiary and owner of your policy. This can be a policy you presently own or a new policy you purchase as a gift.
Charitable Remainder Trusts allow you to avoid capital gains taxes, receive an income stream for life, and make a significant contribution to the endowment of your choice. Your trust receives the assets you contribute, sells them free of capital gains taxes, provides you and/or your family with income for a period of time, and then distributes the remainder to the specific endowment fund that you select.
Life Estate Property Gift is a way to donate your home or farm and retain life estate or usage for your lifetime. You receive income tax deductions now and avoid capital gains taxes. At death, the Endowment Fund Committee sells the property and puts the proceeds in the endowment fund of your choice.
* Most donations are tax deductible in accordance with IRS regulations, but you should always consult your tax advisor for specific guidance on deduction limitations.
PERSONAL ENDOWMENT FUND
Set up your own Endowment Fund in your name
for Broadway United Methodist Church.
With a gift of $25,000 or more, you can establish an endowment in your name or the name of your family in Broadway United Methodist Church, making Broadway United Methodist Church Endowment Committee, the annual benefactor. Contact the Endowment Committee for further information.