Rev. Catherine Fluck Price
January 28, 2018
If you would like to receive a constant stream of income for life, cut taxes and make a charitable gift, you might want to look into attractive plans that allow you to accomplish these goals through the Trinity Foundation.
The Trinity Foundation was established to help members of the Trinity family facilitate various types of estate gifts that would benefit both you as the donor and Trinity. An endowed fund was set up as part of the foundation to receive gifts that will assure the future of Trinity. Only the interest earned on the principle in the endowed fund will be used by Trinity while the principle remains intact and continues to generate income for the church.
A Charitable Gift Annuity is a simple gift agreement set up between you and the Florida United Methodist Foundation that enables one or two persons to receive a lifetime income that is partially tax free.
A Charitable Remainder Trust can be set up by you as an irrevocable gift to Trinity. There are two basic types of Charitable Remainder Trusts: Annuity Trusts (CRAT) and Unitrusts (CRUT). Annuity Trusts pay a fixed amount of income to the donor and Unitrusts pay a percentage based on the annual value of the trust.
Frequently asked questions about the Trinity Foundation
Q: How can I have a impact on the life of Trinity now and forever?
A: Through Trinity Foundation, members and friends of TUMC have a way to make charitable gifts as a permanent endowment for financial support of the church as well as a living memorial.
Q: What is Trinity Foundation?
A: Created in 1995, Trinity Foundation is not only a permanent endowment but is intended for church purposes which are not funded through the annual operating budget.
Q: What is the Legacy Club?
A: The Legacy Club includes those of us who have made charitable gifts to Trinity Foundation.
Q: What are some of the ways my gift can be made?
A: Outright gifts may be made with cash, stocks, and property. Planned gifts may be bequests, living trusts, life estates, insurance policies, donor life income programs.
Q: What special fund categories are available for my legacy gift?
A: Currently we have six different funds: capital improvement and nonrecurring maintenance, education and scholarship, outreach and mission, children and youth ministries, music, and general. One can also create a specific named fund with a minimum gift of $10,000.
Q: What are some examples of gifts that have been made?
A: Jean Evans - Children's Ministry, General Fund; Petty Family - General Fund; Alyce Boyd - Missions)
Q: How can I request grant funding from Trinity Foundation?
Q: How much can I request?
A: The amount per year will vary according to income.
Q: What are some examples of grants that have been funded by Trinity Foundation?
A: Family Promise received a grant for transportation needs and Trinity Trustees for a sidewalk in 2015.