Planned Giving Opportunities

Planned Giving Opportunities

From United Church Funds (UCF) for the United Church of Christ (UCC)

What is a Planned Gift?

A Planned Gift is one you make during your lifetime, but which benefits a charitable organization after your death.  You may designate your congregation, association, or conference; UCC-related college, seminary, or health and human services institution; or a UCC national ministry as the recipient of your gift.

The most common Planned Gift is a bequest; other types of Planned Gifts may provide:

● An attractive income for life with no management responsibilities.

● Income for a surviving loved one.

● A charitable tax deduction, if you itemize.

● Tax savings on long term capital gains.

● Financial support for future ministry in the many settings of the UCC.


WILLS AND BEQUESTS provide a simple way to make a gift that will keep on giving after your life- time.  Without a Will, or other provision such as a living trust, state law will decide how your assets will be distributed upon your death.  The state’s plan may not be in accordance with your wishes, and may not distribute as much of your estate as possible to heirs, church or charity.

A UCF GIFT ANNUITY ($1,000 minimum) is a contract whereby you transfer assets such as cash or appreciated securities to UCF in return for age-based, lifetime annual payments of a fixed amount.  You are entitled to a charitable contribution deduction in the year you make the gift if you itemize your tax return, and part of your annual payment may be tax free.  If you transfer appreciated securities to fund your gift, you may have significant capital gains tax savings.

The UCF POOLED INCOME FUND ($2,000 minimum) pools your contribution with others into a large fund, net income of which is distributed to you based upon your share of the fund.  You are entitled to a charitable contribution deduction in the year you make the gift if you itemize your tax return.  If you transfer appreciated securities to fund your gift, you may have significant capital gains tax savings.
 
With CHARITABLE REMAINDER TRUSTS ($50,000 minimum), you transfer cash, securities, or other property into an irrevocable trust and receive lifetime income.  A Unitrust pays flexible income, based on 5% of the trust’s fair market value as determined annually.  You are entitled to a charitable tax deduction if you itemize, and you can realize capital gains tax savings if you fund your gift with appreciated securities.

Gifts of LIFE INSURANCE offer opportunities to make substantial charitable contributions.  If you have a policy which is no longer needed for family protection, you may simply name a UCC-related entity as the beneficiary.  To receive a tax deduction, transfer ownership of the policy to the charity; if the policy is not paid up, and you continue to pay the premiums, you receive a tax deduction for each premium payment made to the charity.  You can also make a gift by purchasing a new policy, or using insurance for asset replacement.

An IRA can be a wise asset to use for a charitable bequest, as individual heirs may be heavily taxed on distri-butions received by inheritance.  During your lifetime, you may use Required Minimum Distributions (RMD) to fund a life-income gift; the distribution will be a taxable event, but you will be entitled to a charitable tax deduction if you itemize.  For outright gifts only (can’t be used to fund a life-income gift), the IRA Charitable Rollover legislation is now permanent:  donor must be age 70½ or older, gift of $100,000 or less, counts toward RMD, gift must be transferred from IRA direct to charity, no deduction but distribution is tax-free.

We have a wealth of resources available to assist you in establishing a Planned Giving program in your church!

For more information, contact Lynne Hansen at the UCC/Cleveland by phone at (216) 736-2171 or by e-mail at hansenl@ucc.org; contact UCF/New York at (212) 729-2616 or plannedgiving@ucfunds.org.

Contact Info

Lynne Hansen
Associate for Legacy Gifts
700 Prospect Ave.
Cleveland, OH 44115
216-736-2171
hansenl@ucc.org