Planned Giving information

	Gift Type	Summary	Goals	Minimum	Difficulty	Next Step
Now - Outright Gifts	Cash	An outright gift of cash provides the largest deduction from your taxable income.	Immediate benefit to your church Minimize gift planning Full charitable deduction Maximize deduction	Any Amount	Easy	Your Discretion
	Stock/Appreciated Securities	An outright gift made by transferring securities to your church, potentially provides both a tax deduction for the gift and avoidance of capital gains taxes.	Generous support for your church Avoid capital gains taxes Remove asset from estate Maximize deduction	Any Amount	Easy to Moderate	To make the transfer, contact: Your financial advisor First Presbyterian Church Annapolis MD
	Real Estate	A gift of real estate may be deeded outright to your church. The irrevocable gift of property may provide an immediate tax deduction.	Generous support for your church Income tax deduction Avoid capital gains taxes Removal of sizeable asset from estate	Any	Complex	Gather your team: Charitable Gift Planner First Presbyterian Church Annapolis MD Professional Advisors
	Retained Life Estate	Retained life estate provides for a current gift of your property, and you retain the right to live in and use the property for the lives of you and your designee(s).	Same as above plus: Right to use your property for life Tax treatment varies	Any	Complex	Gather your team: Charitable Gift Planner First Presbyterian Church Annapolis MD Professional Advisors
Income - Gifts that pay back	Charitable Gift Annuity	An irrevocable gift of cash or securities where you receive a predictable fixed income for life. In exchange for your gift to the Foundation, you will receive payments for life and a portion of your gift may be made available immediately to support a mission or ministry you have selected or it could be distributed after your lifetime. Rates EXAMPLE DIAGRAM	Significant support for your church Predictable income Simple contract; no donor fee Immediate income tax deduction for a portion of the gift Income treated as part ordinary income, part capital gains income (15%), part tax-free	$10,000	Easy to Moderate	Go to the Presbyterian Foundation's Gift Calculator Consult with: Charitable Gift Planner Professional Advisors
	Charitable Remainder Trust	An irrevocable gift of assets into a charitable trust that provides you a fixed (Annuity Trust) or variable (Unitrust) income for life or a set term. At the trust's termination, the trust assets become a generous gift to your church. EXAMPLE DIAGRAM	Significant support for your church Potentially increase income Charitable income tax deducation for a portion of the value of the gift Diversify source(s) of income Reduce estate taxes	$200,000 - varies	Complex	Go to the Presbyterian Foundation's Gift Calculator Consult with: Charitable Gift Planner Professional Advisors
	Charitable Lead Trust	Income payments are distributed to your church for a set period of years, after which the assets are transferred back to the grantor or the grantor's beneficiary.	Generous support for your church now Removes trust assets from estate Transfers assets to heirs with little or no tax No deduction	$200,000 - varies	Complex	Go to the Presbyterian Foundation's Gift Calculator Consult with: Charitable Gift Planner Professional Advisors
Later - Estate Gifts	Wills and Bequests	A gift to your church through your will (or revocable trust) enables you to retain the asset during your life and provide significant support when you no longer require the asset. You may choose a specific value, percentage or the residual value of your estate. Please let your church know your intentions.	Significant support for your church No immediate cost You retain the asset and its use May change at any time Leave a specific amount or percent Federal estate tax exempt	Any Amount or Percent	Easy	Make Will or Add Codicil Communicate with your church: First Presbyterian Church Annapolis MD
	Retirement Accounts	In some cases, retirement plans can be the best asset for a donor to leave to your church. Retirement assets can be taxed up to 70% upon inheritance. Naming your church as the beneficiary can avoid that taxation as assets can pass tax free to charitable organizations. You may reserve lower taxed assets to bequest to your heirs.	Significant support for your church No estate or income taxes for your church. Leaves other more favorably taxed assets to heirs.	Any Amount or Percent	Easy	Beneficiary Designation Form from your plan administrator Your advisor can help decide if this fits with your overall estate plan
	Beneficiary Designations	Designate your church as a beneficiary of an account or policy. This is a simple and inexpensive way to remember your church in the future. Consider: INVESTMENT ACCOUNTS "TOD" or "Transfer on Death": At death this designation immediately moves designated investment securities to a new owner - your church if you wish.* BANK ACCOUNTS "POD" or "Payable on Death": transfers bank account assets to the POD beneficiary. You may wish to consider a bank account not needed by heirs - to benefit the your church.* LIFE INSURANCE If your insurance policy is no longer needed, you could simply change your church to be the primary beneficiary of the existing policy. If your loved ones still need the security of the policy, consider listing your church as a contingent beneficiary.*	Meaningful support for your church. Retain complete control of the asset during your life. Change the designation any time. Beneficiary designations can be primary, secondary or congtingent, and they can be specific amounts or a percentage of the account.	Any Amount or Percent	Easy	Beneficiary Designation Form from your Insurance or Financial Institution * Check with your advisor to assure that this fits with your overall estate plan

Christian Estate Planning

What is your testament?

A Testament is your Preamble - a statement of your Christian faith in your will. It is a wonderful gift - an opportunity to leave your thoughts and parting words. In such a difficult time for your loved ones, this can be such a comfort and powerful re-assurance of your faith and belief in your witness of the resurrection. Your Preamble to your will can be as simple as your favorite Bible passage, a personal story or a quote.

This very emotional time for your loved ones makes an opportunity for your words of faith to be their most powerful. It may an opportunity for someone to further seek or renew their own relationship with God.

Personal Inventory Form

Personal Record and Inventory

When to change Will or Trust

You should consider reviewing and amending your will under the following circumstances:

A move to another state
Acquisition of real estate or other assets in another state
The death of a named guardian
Named executor unable to serve
Children grown/independent
Family changes: births, marriage, divorce, deaths
Change in financial situation
Change heirs' situation or their incapacity
Change in tax law
Update charitable interests