Planned Giving

What Is Your Legacy to Colonial Heights United Methodist Church? The Holston Conference Foundation is  a free resource to consider when considering your Planned Giving options.  Ways to make a Planned Gift are outlined below.

GIFTS NOW

Appreciated Securities (or other assets): The gift of appreciated securities is most often in the form of common stock or mutual funds. Such a gift is a valuable way to benefit Colonial Heights United Methodist Church and for you to receive tax benefits based on the fair market value of the assets. Other appreciated assets, like real estate, may be gifted, but it is important to discuss these in advance with the Church.

Real Estate: Real estate may be deeded outright to Colonial Heights United Methodist Church or left by bequest. The irrevocable gift of property may provide an immediate tax deduction and avoid capital gains. Due to complexities, be prepared to work with the Church and your qualified advisors to ensure that this is a suitable gift for both you and for Colonial Heights United Methodist Church.

Life Insurance: Make a gift of a policy or buy a policy making Colonial Heights United Methodist Church the owner and beneficiary.

IRA Charitable Rollover Gifts: If you have a traditional or Roth IRA and are age 70½ or older, you may transfer up to $100,000 annually from your IRA account directly to Colonial Heights United Methodist Church without first having to recognize the distribution as income. (If you have not already taken your required minimum distribution (RMD) in a given year, a qualifying rollover gift may count toward satisfying this requirement.) Contact your IRA plan administrator and tell them you wish to make an IRA charitable rollover gift.

GIFTS THAT PAY INCOME

Charitable Gift Annuity: The gift annuity is an irrevocable gift of cash or securities where you receive a predictable fixed income for life. At termination, the Church receives the residual value of the annuity. There are also potential tax benefits depending upon your particular situation. Contact the Holston Conference Foundation to create a Charitable Gift Annuity.

Charitable Remainder Trust: A Charitable Trust can provide for you and your family before and after your death.  You can arrange a contribution to fund a charitable trust while you are living or through your estate plan.  The trust remainder can be directed to benefit Colonial Heights United Methodist Church.

GIFTS LATER

Bequest: The bequest is a gift through your will or revocable trust that enables you to retain the asset during your life and provide significant support when you no longer require the asset. You may choose a specific item, a percentage, or a residual bequest. You may also choose to make Colonial Heights United Methodist Church a contingent beneficiary in case the heirs are unable to receive the estate.

Retirement Plan Assets: In some cases, retirement assets can be the heaviest taxed assets in an estate. Naming Mafair United Methodist Church as beneficiary can avoid that taxation, enabling the asset to pass tax free to the Church. You may also make Colonial Heights United Methodist Church a percentage beneficiary or a contingent beneficiary of a retirement plan.

Bank or Investment Account: Financial accounts can be a simple and inexpensive way to leave a legacy gift for the Church. Contact your financial advisor to see how easy the process is to make Colonial Heights United Methodist Church the beneficiary of a particular investment or bank account.