Planned Giving

Planned gifts are gifts which are planned and/or funded now, but whose benefit is not received by the Church until after the death of the donor(s).

The types of Planned Gifts follow:

Wills and bequests
A properly executed Will or Living Trust is the only way to assure that your estate is distributed according to your wishes, and is the most common way that deferred gifts to the Church are made. You can designate a percentage or a dollar amount, or direct that the Church receive the residual amount of your estate. A Will or Living Trust can also be used to set up life-income gifts that benefit heirs during their lifetimes, with the remaining principal constituting a gift to the Church. .

Life-income gifts
Life-income gifts are those which pay you income for life, with the remaining principal paid to the UCC-related entity you designate. You receive a tax deduction for the charitable portion of the gift in the year the gift is made. Life-income gifts may significantly increase your spendable income. Such gifts may be established in a will for the benefit of heirs and ultimate benefit of the Church.

 Charitable Gift Annuities
A Gift Annuity's rate of return is based solely on your age at the time of the gift. Annuities may be funded with cash or appreciated securities, and provide fixed income payments for life to you and/or another person, successively. A significant portion of the income may be tax-free. You may defer income payments to a later date, such as retirement age, which may produce a substantial increase in the rate of return. Minimum gift is $1,000.

 Charitable Remainder Trusts
Trusts may be funded with cash, securities or real estate and income payments may be fixed or flexible. The most common type, the Unitrust, is valued annually and the donor is paid a fixed percentage of the value over the following year. Minimum gift is $50,000.

 Pooled Income Fund
The Pooled Income Fund is like a mutual fund; it accepts gifts from many donors, manages them, and distributes each gift's portion of the earnings to the designated one or two life-income beneficiaries, successively. Minimum gift is $2,000.

Life insurance
The Church can be named as the beneficiary of your life insurance, or the policy itself can be donated to the church. If the policy is paid up, your tax deduction will generally be the replacement cost of the policy at the time it is donated.

Retirement assets
Retirement assets may be expensive for heirs to inherit. Naming the Church as the beneficiary of your retirement fund may provide a significant tax savings to your estate.

Charitable lead trust

This gift provides current income to the Church during your lifetime or for a specified term of years, after which the remaining principal is returned to you or your heirs. Payments to the Church may be fixed or variable, depending on the terms of the Trust. Minimum gift is $100,000.


Vermont Conference © 2007 | 36 North Main Street Randolph, VT 05060 | (802) 728-4999