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Planned Giving

The New Testament letters to Timothy contain instructions on various aspects of ministry, including the following words about those who are blessed with abundant resources: “They are to do good, to be rich in good works, generous, and ready to share, thus storing up for themselves the treasure of a good foundation for the future, so that they may take hold of the life that really is life” (1 Timothy 6:18-19).

Planned Giving lays a foundation for the future for all concerned, givers and receivers alike. Indeed, much of our current success and security is built on the foundation of previous generations’ generosity. When you contribute to Village Church through planned giving, you strengthen the foundation for future generations to build upon.

If you have already made a planned gift to Village Church, please let us know so that we can thank you and recognize you with membership in the 1798 Stewards. Each person’s generosity is very much appreciated and offers an example for all to follow.

If you haven’t yet made a planned gift, the following information is provided for your prayerful consideration. To learn more about planned giving to Village Church, please contact the Development Committee or call the church office at 781.235.1988.

What is a Planned Gift?

A planned gift is one you make during your lifetime, but which benefits Village Church after your death. Such a gift connects you to our vibrant faith community and family in perpetuity. A bequest in your will or estate is the most common type of planned gift. Other types may contain benefits during your lifetime, such as:

  • A charitable income tax deduction;
  • Tax savings on long term capital gains;
  • An attractive income for life with no management responsibilities;
  • An income for a surviving loved one after your death. There are many ways in which Village Church may be included in your planned giving.

Wills and Bequests

Wills and bequests provide a very simple way to make a gift that will keep on giving after your lifetime. Simple language is available to include Village Church as a beneficiary in your will.

Gift Annuities

A gift annuity is a contract whereby you transfer assets such as cash or securities to Village Church (through the UCC’s United Church Funds) in return for lifetime annual, semi-annual, or quarterly payments of a fixed amount. Thereafter your gift benefits Village Church. You are entitled to a charitable income tax deduction in the year you make the gift if you itemize your return, and part of your annuity payments may be tax free. If you transfer appreciated securities to fund your gift, you may have significant capital gains tax savings.

Pooled Income Fund

A pooled income fund is a charitable trust (through the UCC’s United Church Funds) in which your gift of cash and securities is combined with the gifts of other individuals and invested in a diversified portfolio of stocks and bonds, the net income of which is distributed to you based on the number of units you hold. Upon death of the life income beneficiary, the value of your units is transferred to Village Church. You are entitled to a charitable income deduction in the year the gift is made if you itemize your return. If you transfer appreciated securities into the fund, you may have significant capital gains tax savings.

Charitable Remainder Trusts

Charitable remainder trusts allow you to transfer cash, securities, or other property into an irrevocable trust and receive lifetime income. Upon your death, the principal will benefit Village Church. With an Annuity Trust, you direct that a fixed dollar amount be paid to you as long as you live. With a Unitrust, you can choose a flexible-income feature, specifying a percentage of the trust’s fair market value as determined annually. Upon establishing a trust, you are entitled to a charitable income tax deduction, and you can realize savings on capital gains taxes if you use appreciated property to make your gift.

Life Insurance

Gifts of life insurance offer opportunities to make substantial charitable contributions. If you have an existing life insurance policy you no longer need for family protection, you can give it to Village Church. You simply change the beneficiary of the policy or transfer ownership to Village Church.

Critical Documents Every Family Needs

Beyond the benefits to Village Church, planning ahead for the end of life is a great gift you can give to your loved ones. Our Ministry of Last Things has many resources to help with this process, in addition to the following documents:

  • A Health Care Proxy sets forth your wishes and determines who may make a decision if life-sustaining procedures are required;
  • A Power of Attorney authorizes a person to act on your behalf in the event that you become incapacitated or unable to make decision for yourself;
  • The 15 Words is a template on how to leave a gift to Village Church in your will;
  • A HIPPA Form permits release of health care information protected by privacy laws, according to your wishes.

For inquiries about these documents, please email developmentcommittee@wellesleyvillagechurch.org.