planned-giving

“Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.”  - Luke 6:38

As a recipient and steward of God’s bountiful gifts, you have an obligation and opportunity to share and return those gifts, providing support to God’s church and ministries beyond your lifetime.

CHARITABLE LEAD TRUST

With a Charitable Lead Trust, you can provide immediate support for Sharon Presbyterian Church while transferring assets to your heirs at a greatly reduced transfer tax cost.  The lead trust pays income to Sharon Presbyterian for a term of years.  Upon termination of the lead trust, the trust assets will revert to you or, more likely, your heirs.  Although the amount placed in a qualified lead trust is subject to gift and possible estate taxes, the present value of the total payout to charity is subtracted from this amount in determining how much is actually taxable.  The trust can be written for a term of years that would make the taxes negligible.

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Example: Mr. Williams funds a Charitable Lead Trust with $1,000,000 in stock for 10 years to help fund an endowment for Sharon Presbyterian Church.  Sharon Presbyterian will receive the income from the trust every year for the next 10 years. At the end of 10 years, the stock is then distributed to his three children.

Benefits of this type of gift to You:

  • Multi-year immediate support for Sharon Presbyterian Church
  • You pass the trust assets to your heirs at a future specified date.
  • Value to your heirs is maximized by removing the trust assets from estate tax exposure and potentially removing the trust assets from gift tax exposure.

Next Steps:

Contact us to talk more specifically about the benefits of a charitable lead trust gift to Sharon Presbyterian Church.

Contact:

Senior Pastor Rob Blumer
Email: robb@sharonpcusa.org
Phone: (704) 553-0869

Associate Pastor Ron Nelson
Email: ron@sharonpcusa.org
Phone: (704) 553-0869

The above gift description is for informational purposes and not intended as legal or tax advice. To ensure that this form of gift is appropriate for your particular circumstances and estate planning, please consult with your professional advisers.

Last Published: September 13, 2017 2:02 PM
Steps to a Gift