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FIVE LEVELS OF CHARITABLE GIVING
Are you thinking of making a
lasting gift to your church and/or the National Association? While
Christmas is over, it is still the season for many who are making plans for a
charitable gift.
In brief, there are FIVE levels of
charitable gift planning.
The FIRST is an OUTRIGHT
gift with the advantage of having an immediate economic benefit. These gifts are in the
form of cash, securities or other real property.
The SECOND is the gift of LIFE
INSURANCE. An existing policy can be used by changing the
beneficiary or owner. A new policy can be acquired on the life of the donor.
The THIRD is the REMAINDER
TRUST which provides income to the donor during lifetime with the remainder to the charity. Included
in this category are the Gift Annuity and the Pooled Income Fund.
The FOURTH level is the LEAD
TRUST which essentially provides income to the charity during
lifetime with the balance being distributed to the donor's heirs.
The FIFTH level of planned
giving is the creation of the donors own CHARITY OF
CHOICE which gives the donor greater control over the
management and distribution of the charity assets.
Planning to make a charitable gift
to your church and/or National Association provides options to meet
your individual situation. Consult with your tax advisor and attorney to
determine the most beneficial plan for you, your church and/or NA.
Financial Services Committee
RECENT EXECUTIVE STAFF VISITS
FCC, S. Paris, ME; BS CC, Wisc. Dells, WI; FCC, Mansfield, OH;
E. Faith Community, Franklin, WI; Grace United, Farmington,
CT; Naperville Cong'l, Naperville, IL; Community, Lathrup Village,
MI; FCC, Wayne, MI; Meadowbrook Novi, MI; Olivet College
and Church, Olivet, MI; North Shore, Fox Point, WI; Central, Galesburg,
IL; Freetown, MA; FCC, Detroit, MI; South Cross, Apple Valley,
MN; Peoples, Bayport, MN; FCC, Wauwatosa, WI; FCC, La Moille,
IL; FCC, La Salle, IL; Colonial, Edina, MN; Plymouth, Minneapolis, MN.
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