CPC Planned Giving and Legacy

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Growing our Witness - Central's Legacy Funds
"A good man leaves an inheritance to his children's children..."
Proverbs 13:22

The Need...

Is to fulfill our mission, "Moving people toward Christ by being a community of faith which loves, encourages, and equips them in Christ, sending them out to serve." We are a blessed and committed people, rich in resources, free to act boldly, and desiring to serve our Lord to the best of our abilities.

Our regular gifts and tithes grow from five to ten percent a year. This growth in giving is regularly consumed in supporting existing programs, staff, and ministries. Consequently, we cannot support new ministries and fully grow existing ministries as needed. Or as in the recent past, we have had to cut our support of effective existing ministries to take on new causes.

There are times when we need to make a large expenditure that is critical, but too small to justify a Stewardship/Building Campaign. The need in recent years to modify the chancel for contemporary worship is an example.

Adding staff to support our growing programs and new ministries is a big challenge. The first year impact of adding a full time trained and experienced staff member can exceed our resources. Consequently, new programs have been delayed or scaled down.

To meet the above needs, and the special desires of their members, many churches are establishing planned giving programs like Central's Legacy Funds.

Central's Legacy Funds...

The Legacy Funds of Central Presbyterian Church are created to provide:

• Members and others the opportunity to witness their faith to future generations through gifts and bequests.
• Funding for new or expanded ministry or staffing that exceeds the capability of Central's Unified Budget.

There are two Legacy Funds to meet the needs and desires of different donors. One fund is for gifts unrestricted in mode of disbursement. Gifts received with restrictions requiring maintenance of principal will go into the other fund. Both funds can contain gifts designated or undesignated for a specific purpose.

Memorial gifts will be managed through these funds as appropriate.

The acceptance of gifts to the Legacy Funds is at the discretion of the Session. All expenditures from the funds are at the direction of the Session and will be consistent with any restrictions given by the donor. In accepting gifts with a designated purpose, the Session will review them in light of the great ends of the Church, "The proclamation of the gospel for the salvation of humankind; the shelter, nurture, and spiritual fellowship of the children of God; the maintenance of divine worship; the preservation of the truth; the promotion of social righteousness; and the exhibition of the Kingdom of heaven to the world." PCUSA Book of Order (G1.0200)

Ways By Which Gifts Can Be Made...

• Cash Gifts - The simplest and most immediate form of gift.
• In Kind Gifts - Gifts of stocks, mutual funds, bonds, and similar instruments offering special tax benefits to the donor.
• Gifts Under Will - As simple as adding one paragraph to a new will or a codicil to your current will.
• Life Insurance - Name the Church as the beneficiary on your insurance policy, and the proceeds will be free of tax upon your death.
• Charitable Gift Annuities - A way to provide income to yourself and/or others during your lifetime, followed by a gift to the Church.
• Charitable Remainder Trusts - Make a gift to the Church while retaining a regular income to yourself, often at a higher rate than the assets might otherwise earn.
• Others - This list is not all inclusive. Donors are encouraged to discuss alternate forms of gifts other than the above, and unusual variations of the above with members of the Legacy Committee or a Pastor.

Memorial Gifts...

Throughout our lifetimes we are all touched by individuals and events which add special meaning to our lives. Family, dear friends, church members, co-workers, teachers ...all make our lives better and leave lasting memories. Likewise special events, birthdays, marriages, anniversaries,... also touch us deeply. Over the years, many have sought to honor these special people or events with Memorial Gifts.

These gifts will be administered through Central's Legacy Funds program. The same guiding principles in regard to acceptance, use, honoring the donor's desire, disbursements, etc. that apply to gifts to Central's Legacy Funds will apply to Memorial Gifts.

Memorial gifts, large and small, as well as other gifts to Central's Legacy Funds will be used and aggregated when possible to do great things for our Lord.

The Legacy Funds will be managed by the Legacy Investment Committee staffed by members and others with appropriate expertise.

To Learn More About Supporting Central's Mission Through These Funds...

A member of Central's Legacy Committee will be pleased to meet with you, your financial advisor, and/or your attorney to provide full information and support for making a gift to the Legacy Funds or to discuss specific areas of need. To learn more, please contact the church office.