The St. Philip’s UMC Endowment generates income each year that can be used to maintain our facilities.
For many of us, it is not feasible to make significant gifts to the Endowment during our lifetime. However, it may be possible to make a planned gift that is a testament to your faith.
Planned Giving Options
Bequest – the easiest way to make a planned gift is through a bequest in your will. Designate a specific amount, a percentage of your estate, or a specific asset.
Retirement Accounts – traditional retirement accounts are usually heavily taxed as part of an estate. Reduce estate taxes by donating the account, maximizing benefits to your heirs.
Life Insurance – make SPUMC the beneficiary of an existing policy no longer needed for your family, or purchase a new policy which names SPUMC as the owner and beneficiary.
Real Estate – reduce capital gains and estate taxes by deeding your home to SPUMC and retain the right to live there for you or your family.
Life Income Gifts – charitable gift annuities, charitable remainder trusts, or pooled income funds provide you/your beneficiaries with income for life, while reducing certain taxes.
We recommend that you discuss planned giving options with your financial advisor or attorney to determine which would be most advantageous to you.
If you would like more information or speak with someone about establishing a planned gift to the St. Philip’s UMC endowment, contact John Guest at firstname.lastname@example.org