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.

ACCOUNT BENEFICIARY DESIGNATION

Giving a financial account after your lifetime is as simple as completing a beneficiary form. Since the beneficiary form dictates the beneficiary, the asset is not controlled by your Will. So there is no expensive set-up or visit to your attorney. This is probably the easiest gift that can be made to benefit Sharon Presbyterian Church.

There are several types of financial accounts that are passed according to your beneficiary designations - instead of through your Will.

Bank Accounts: To gift a checking or savings account, a "POD" or Payable on Death designation transfers the bank account to the "POD" beneficiary. You may wish to consider designating Sharon Presbyterian Church as a POD beneficiary of a bank account not needed by heirs to help continue our important work.

Investment or Brokerage Accounts: A "TOD" or "Transfer on Death" designation directs your broker to move your designated investment securities to a new owner, Sharon Presbyterian Church if you wish.

Qualified Retirement Plans: IRA, 401(k) and 403(b) accounts may be worth significantly more if you donate them than if you passed them to a beneficiary (other than a spouse). Read more here.

Life Insurance Policies: If your existing insurance policy is no longer needed, you might simply change your primary beneficiary of the existing policy to be Sharon Presbyterian Church. If your loved ones still need the security of the policy, consider listing Sharon Presbyterian Church as a contingent beneficiary. Read more here.

Benefits of this type of gift to You:

  • Easy set-up, typically a simple form is all you need (while no attorney may need to be involved for some of options set forth above, it is practical to touch base with your professional advisors for their counsel).
  • Your generous gift will be come directly to Sharon Presbyterian Church outside of your estate.

Next Steps:

Contact us to discuss further making Sharon Presbyterian Church a beneficiary. See the contact information below for details.

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 8, 2017 2:03 PM
Steps to a Gift