Ways to Give
...It’s More Than Just Your Wills & Trusts...
The Legacy Ministry of Washington First United Methodist Church would like you to join an honorary group of our members who have declared a gift to Washington First United Methodist Church. There are many ways to join.
Gifts in Lieu of Flowers
Charitable Bequests: Last Will and Testament or Living / Revocable Trust
Including a charitable bequest as a part of your will is a great way for you to provide long- erm support for the Legacy Ministry of Washington First United Methodist Church while also effectively managing your estate.
Making a charitable bequest is easy. If you want to leave a bequest to the Legacy Ministry, you must specifically do so in a will or trust. Your will or personal trusts are legal records of your wishes regarding how your assets should be handled at your death. Instructions regarding the dispensation of your assets are called bequests.
Charitable bequests are not subject to estate or inheritance taxes, therefore reducing the tax burden of an estate. Charitable bequests also provide flexibility because they may be changed at any time. Your estate will be entitled to a charitable deduction for the full, fair market value of your gift. The Legacy Ministry can assist you and your attorney with standard legal language necessary to establish your charitable bequest.
With this type of bequest, you simply leave a specified dollar amount (e.g., $25,000) to Washington First United Methodist Church.
A bequest of this type involves the designation of specific property (e.g., a home, a farm, or shares of stock) that you want Washington First United Methodist Church to receive.
Through a residuary bequest, Washington First United Methodist Church will receive the remainder of your estate after all liabilities and other bequests have been paid. It may augment a general or specific bequest to Washington First United Methodist Church if the size of the estate allows, or may ensure that other beneficiaries receive their bequests prior to distribution to Washington First United Methodist Church.
You may direct that Washington First United Methodist Church receive a percentage of your estate or residuary estate. In this case, if the size of your estate changes, the bequest will change proportionately.
Charitable Remainder Trust
Charitable Gift Annuity
A charitable gift annuity is a way for you to receive a guaranteed income for life and an immediate income tax deduction, while at the same time leaving a legacy to Washington First United Methodist Church.
Retirement Plan Assets
You may have purchased life insurance when you needed protection for your family, business or estate. In later years, you have found you no longer need that insurance. If you want to achieve immediate tax benefits, you should consider irrevocably assigning an insurance policy to Washington First United Methodist Church.
Designating Future or Current Needs
Once you have committed to making a gift, you need to specify if it is for current needs of the church at the time of the gift, or future needs thru the Legacy Ministry Endowment Fund.
A gift for current use at the time of the gift should be designated: “Washington First United Methodist Church, Washington, GA”
A gift for future needs should be designated: “Endowment Fund at Washington First United Methodist Church, Washington , GA"