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MISSION ENDOWMENT FUND
Legacy Giving...Gifts for the Future

 

Endowment Fund Mission Statement

Your planned legacy gift will allow Prince of Peace’s aspiration, “To fund and enhance the mission of Prince of Peace in the community and around the world above and beyond programs supported through regular offerings,” to be realized.

 

From Generation to Generation

Legacy gifts through wills, trusts or other estate gifts ensure the continued vitality and development and grounded leadership of Prince of Peace from one generation to the next.

 

What is Your Legacy?

God has entrusted us with many blessings: the gift of our lives – time, talents and skills, and our capacity to love.  Christian stewardship is the management of everything we have, in other words, our assets.  Our legacy is written in the way we do that. As you consider a gift of responsibility for what God has given, we would be pleased to assist you by providing no-cost, no obligation estate planning materials to supplement your professional resources. Your legacy gifts to Prince of Peace’s mission endowment fund will sustain your church’s mission for generations to come.

HERE ARE SOME IDEAS TO THINK ABOUT.

ALWAYS SEEK GUIDANCE FROM YOUR FINANCIAL AND LEGAL ADVISORS

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Appreciated Securities (or other assets) Gifts of appreciated securities are most often in the form of common stocks or mutual funds. Such gifts are a valuable way to benefit Prince of Peace Mission Endowment Fund (“MEF”) 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 a committee member of MEF.

 

Charitable IRA Distributions: A giving opportunity for those over 70 ½. Federal legislation may allow you to make tax-free distributions from your IRA directly to MEF. Generally, a qualified charitable distribution is an otherwise taxable distribution from an IRA (other than a Roth IRA) owned by an individual who is age 70½ or over that is paid directly from the IRA to a qualified charity.

 

Real Estate: Real estate may be deeded outright to MEF 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 MEF and a qualified advisor to ensure that this is a suitable gift for both you and for MEF.

 

Life Insurance: Make a gift or buy a policy making MEF owner and beneficiary.

 

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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 MEF contingent beneficiary in case heirs are unable to receive the estate.

Retirement Plan Assets: In some cases, retirement assets can be the most heavily taxed assets in an estate. Naming MEF beneficiary can avoid that taxation, enabling the asset to pass tax free to MEF. You may also leave make MEF 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 MEF. Contact your financial advisor to see how easy the process is to make the MEF beneficiary of a particular investment or bank account.

 

AGAIN, ALWAYS SEEK GUIDANCE FROM

YOUR FINANCIAL AND LEGAL ADVISORS