Thank you for considering a planned gift to First United Methodist Church to ensure our future ministry. A planned gift provides a meaningful way for individuals, families and groups to provide a lasting legacy to God’s work. Your gift will help ensure the future ministry of our church.
When you meet with your attorney or financial advisor, please designate your gift for: First United Methodist Church of El Dorado, KS.
If you are interested in further information about the planned giving opportunities at First United Methodist Church you can contact the church office to speak with the Pastor or a member of the Endowment Team to determine which fund best suits your intent. You may also direct your gift for the establishment of a new fund to benefit our church for years to come.
Charitable Bequests: Last Will and Testament or Living / Revocable Trust
Including a charitable bequest as a part of your will is a great way for you to provide long-term support for the First United Methodist Church of El Dorado while also effectively managing your estate.
Making a charitable bequest is easy. If you want to leave a bequest to the First United Methodist Church of El Dorado, you must specifically do so in a will or trust. Your will or personal trusts are legal records of your wishes regarding how your assets should be handled at your death. Instructions regarding the dispensation of your assets are called bequests.
Charitable Bequests are not subject to estate or inheritance taxes, therefore reducing the tax burden of an estate. Charitable bequests also provide flexibility because they may be changed at any time. Your estate will be entitled to a charitable deduction for the full, fair market value of your gift. The First United Methodist Church of El Dorado can assist you and your attorney with standard legal language necessary to establish your charitable bequest.
- General Bequest
- With this type of bequest, you simply leave a specified dollar amount (e.g., $25,000) to the First United Methodist Church of El Dorado.
- Specific Bequest
- A bequest of this type involves the designation of specific property (e.g., a home, a farm, or shares of stock) that you want the First United Methodist Church of El Dorado to receive.
- Residuary Bequest
- Through a residuary bequest, the First United Methodist Church of El Dorado will receive the remainder of your estate after all liabilities and other bequests have been paid. It may augment a general or specific bequest to the First United Methodist Church of El Dorado if the size of the estate allows, or may ensure that other beneficiaries receive their bequests prior to distribution to the First United Methodist Church of El Dorado.
- Percentage Bequest
- You may direct that the First United Methodist Church of El Dorado receive a percentage of your estate or residuary estate. In this case, if the size of your estate changes, the bequest will change proportionately.
- Contingent Bequest
- It is important to anticipate a situation in which a beneficiary might die before you or choose to disclaim the property. To prepare for such an occurrence, consider naming the First United Methodist Church of El Dorado as the contingent beneficiary.