Ways to Make a Planned Gift

Cash

How:  Simply write a check, give online, or work through your Donor Advised Fund.

Benefit:  Potential income tax deduction (consult with your tax advisor) and witness the benefits of your generosity.

 

POD (Payable on Death) Bank Account

How:  List First Presbyterian Church of Delray Beach as the beneficiary on a regular bank account.

Benefit:  Provide support to the church (consult your tax advisor).

 

Stock/Gifts of Securities

How:  Contribute long-term appreciated stock or other securities.

Benefit:  Immediate charitable deduction of full fair market value and elimination of capital gains taxes (consult with your tax advisor).

 

Bequests

How:  Name First Presbyterian Church of Delray Beach in your will (designate a specific amount, a percentage, or the residual value of your estate).

Benefit:  Gift exempt from federal estate tax and control of the asset for your lifetime (consult with your tax advisor).

 

Life Insurance

How:  Contribute a life insurance policy you no longer need.

Benefit:  Current income tax deduction and possible future deductions through gifts to pay policy premiums (consult with your tax advisor).

 

Real Estate

How:  Donate property to First Presbyterian Church of Delray Beach (subject to gift acceptance policy).

Benefit:  Immediate tax deduction and elimination of capital gains tax (consult with your tax advisor).

 

Retirement Assets

How:  Name First Presbyterian Church of Delray Beach as the beneficiary of the balance left after your lifetime using the plan’s beneficiary form.

Benefit:  Make the gift from the most highly taxed assets, leaving more for family and eliminates income and estate taxes (consult with your tax advisor).

 

IRA Charitable Trust Rollover

How:  Anyone who is 70 ½ or older can transfer IRA assets, up to a total of $100,000.

Benefit:  Make the gift from the most highly taxed assets, leaving more for family and provide significant support for the church (consult with your tax advisor).

 

Charitable Gift Annuity

How:  Enter a charitable gift annuity contract that pays a set amount for one or two lives.

Benefit:  Current savings on income taxes and tax-forward fixed payments for estimated life expectancy of income beneficiary(ies) (consult your tax advisor).

 

Charitable Remainder Trust

How:  Create a charitable trust that pays you a set income annually.

Benefit:  Fixed payments for life, often at a higher rate of return and immediate income tax deduction (consult with your tax advisor).

 

Charitable Lead Trust

How:  Create a charitable trust that pays fixed or variable income to the church for a specific time of years, thereafter the balance is given to loved ones.

Benefit:  Reduce your taxable estate and property eventually given back to your family, often with reduced gift taxes (consult with your tax advisor).


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