Planned Giving

Did you know that you can have a lasting impact on the mission and ministries of Trinity through legacy gifts made both during your lifetime and through your estate?

The Permanent Endowment and Planned Giving Ministry Funds were established to help members of the Trinity family offer gifts that would benefit both the church and the donor in life and in death. Gifts can be made to both endowed and non-endowed funds, and can be undesignated or designated to support areas of ministry for which specific funds have been established.

FAQs

  • Planned giving can include outright gifts made during the donor's lifetime through cash, stocks, and property.

    It may include gifts that are a part of distributing one's estate, such as bequests, living trusts, life estates, insurance policies, and donor life income programs.

    If you are at a stage when you would like to receive a constant stream of income for the remainder of your life, cut taxes and make a charitable gift, you might want to look into the following options that allow you to accomplish these goals while supporting Trinity through your generosity:

    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.

  • An endowed fund is one from which only the earnings on contributions are distributed for use by the church. The principal remains intact and continues to generate income that can be used to support Trinity's ministries in perpetuity.

  • A non-endowed fund is one from which both the principal and the interest can be withdrawn to use toward purposes specified by the fund.

  • Currently there are seven funds available to receive gifts:

    • General Fund

    • Capital Improvement and Nonrecurring Maintenance Fund

    • Children's Intern Ministries Fund

    • Missions Fund

    • Music Fund

    • Spiritual Formation Fund

    • Youth Fund

  • Yes! A new fund can be created with approval of the Church Council and a minimum gift of $10,000.

  • In 2023, funds were able to be allocated to help launch Trinity's Mobile Food Pantry; support the renovation of the hospitality room for worship, funerals, and weddings; enhance WiFi capabilities on the northwest campus for small groups, classes, and worship needs; help complete the renovation of a sports courts complex that includes six pickleball courts and a full-length basketball court with state-of-the-art goals for use by the community.

  • The Legacy Society includes those of us who have made lifetime gifts through Trinity's planned giving program and/or have declared their intention to include Trinity in giving plans for their estate.

 Planned Giving: Leaving a Legacy

At any age, you may explore creative giving alternatives that can benefit you - the donor - as well as the recipient. Planned gifts can be made in life or after death and can support the missions and ministries of Trinity. Consult with your financial planner or estate attorney to discover the benefits of these types of gifts and if they may be right for your financial or estate plan.

Common Terms and Definitions

  • This can be a quick and simple gift! Transfer stock or mutual funds to the church. The donor can avoid capital gains tax and may receive additional income tax deductions. The church sells shares tax-free.

  • Donations of property to the church provide an income tax deduction and avoidance of capital gains tax for the donor.

  • Make a gift that allows input on how funds will be distributed. Create an agreement where the recipient manages the assets, and you and/or family members advise regarding the charitable disbursements. This provides an income tax deduction to the donor.

  • Designate the church as a beneficiary of your life insurance policy as a future gift to Trinity. The policy itself can also be donated.

  • Designate the ownership of your home to the church, but retain occupancy. This provides a charitable income tax deduction and continued use of your home.

  • The donor’s assets are put into a trust, and the donor remains in control during their lifetime. After death, the church becomes the trustee and makes distributions as directed by the donor. This may provide estate tax savings.

  • Bequest a gift to the church in your will. The gift can be a percentage of the estate or a specific dollar amount. Your estate will receive a tax deduction.

Life Income Arrangements

  • This option allows you to place funds in an annuity that is managed by a charity. The charity pays you fixed payments for your lifetime and distributes the remainder to charitable beneficiaries. This provides income tax deductions plus fixed annuity payments for life. It also provides a future gift to the church

  • This is a trust that pays you a fixed income, and provides an income tax deduction as well as a future gift to the church.

  • This trust pays you a percentage of the assets, based on annual value. It provides income tax deduction as well as income for life.

  • This trust pays an income to the church for a set period of time, then passes to heirs. This can reduce the size of taxable estate.

Contact

Consult with your IRA Manager and tax preparer or CPA for your options.

To take the next step, please contact Stephanie Dyal, Director of Church Administration and Finance (sdyal@trinitygnv.org or 352-376-6615).