Let your legacy live on at Springfield First. Our time in this world won’t last forever, but our influence can. Contact us to see how you can remember the church in your will or in your planned giving.
If you have capital gains in property, you can gift it to the church, take a charitable deduction for its value and avoid capital gains from the sale. The church does the selling and has no income tax liability. This includes any asset with a gain including stocks, land, vehicles, etc. You can name the church as a whole or partial beneficiary of your life insurance policy. Also, if one is at least 70 1/2, you can direct for up to $100,000 be paid from an IRA account to the church. You do not get a tax deduction, but you do not have to pay tax on the distribution from the IRA.
Memorials are generally monetary gifts given in honor of individuals and are usually intended to be used in the short term for a specific ministry. When possible, consultations with church representatives can help determine where to utilize the gifts to best memorialize the individual. The Trustees oversee the use of the funds to ensure the memorial is honored.
By remembering Springfield First UMC through a bequest in your will, trust, or other estate plans, you are investing in God’s future for our congregation. Your designation may be an item of property, a specific dollar amount, or a percentage of your final estate, or a remainder once loved ones are provided for.
A bequest can be directed to a specific ministry or preferably given as ‘undesignated’ which allows the Trustees to allocate funds based on the needs of the church. Designations should not be so specific that the funds can’t be used in the future. Recommended designations include:
Our Mission: To See All Generations Experience True Life Change with Jesus.
To See All Generations Experience True Life Change with Jesus.