What is Planned Giving?
Planned [or deferred] gifts are gifts to the church from individual donors in the form of bequests, gift annuities, trusts, life insurance, real estate, retirement plans or securities. The Stewardship Committee, with approval of the Trustees, disperses the monies. Planned giving can be directed to several areas:
This fund is for gifts that have not been designated for special purposes by the donors. The fund is available for the pressing needs in the church community. This flexible fund is an ideal way to remember a loved one. Minimum gift is $1,000. The primary use of the fund will be for non-annual recurring needs (i.e. capital improvements, buildings) and emergency needs.
This fund is for gifts given for a special purpose, designated by the donor, such as the music program, scholarships or special projects. Whereas a donor has the right to restrict the use of his or her gift, unrestricted gifts are greatly appreciated as they can be used at the discretion of the Trustee Committee. For information on making a planned gift, please see a member of the Planned Giving Committee or a minister.
Why Emphasize Planned Giving To Brookside?
It is important to provide for the continuity and stability of our church in a permanent way.
What Are The Benefits of Planned Giving to the Donor?
- The donor can receive income for life and often increase discretionary income as well
- Income tax benefits often allow the donor to do more for heirs and charity than would have otherwise been possible
- Gives the donor the joy of generously supporting Brookside Congregational Church and the community beyond his or her lifetime
What Are The Benefits of Planned Giving to Brookside?
- Provides an important base for long-term financial strength
- Gives support for projects that are beyond the yearly operating budget of Brookside Congregational Church
- Can benefit all Brookside Congregational Church organizations, programs and activities
- Often enables gifts that are larger than outright contributions
Gifts and bequests may be in any amount of $1,000 or more. A Planned Giving committee member can explain the many types of gifts and methods of giving available to you. Your lawyer or financial advisor can explain which method may be best suited for you.
Ways to Give
- Outright Gift: The simplest way of giving. Current tax laws may offer immediate advantages for such gifts. Life Insurance: Name Brookside Congregational Church as the beneficiary. The premium payments may be tax deductible.
- Gift of Securities or Property: A gift of security investments or real estate may offer special tax advantages to the donor with respect to capital gains.
- Creation of Trust: A Trust can be designed to meet any special set of circumstances to guarantee the family’s current and future needs and provide a future gift to Brookside Congregational Church Gifts to Brookside Congregational Church can be added to an existing Revocable Trust by an Addendum.
- Bequests by Will: Another simple way of giving. Bequests to Brookside Congregational Church may be excluded from your estate for estate tax purposes. Brookside Congregational Church can be included in a new will or added to an existing will by a Codicil.
- Guaranteeing Your Current Pledge: By establishing a gift annuity, you may be able to provide the current income to satisfy your annual pledge to Brookside Congregational Church and still provide a more significant gift to the church in the future if you choose.
For more information, please contact the church office at 669-2807.