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What is the purpose of the New
Mission Endowment Fund? It’s purpose shall be to receive gifts and bequests
to be used for the new mission outreach of the Pacifica Synod-ELCA. The fund exists
separate and distinct from the annual operating budget of the Synod. The fund
is also for the future of new mission outreach. The fund was created to build
a solid foundation within the Pacifica Synod. How will the fund’s
assets be used? It’s assets will be applied to the development and expansion
of new missions within the Pacifica Synod. Are there tax advantages
to giving to the fund? There are tax advantages to making a gift to the fund.
The advantages that donors enjoy may depend on the amount and nature of the gift.
Donors are encouraged to consult with their personal accountant or tax advisor. What
are the Benefits?
Create a lasting legacy that allows
you to express your faith.
Avoid capital gains by gifting an appreciated asset.
Reduce estate taxes equals more dollars going to your heirs.
Immediate charitable deductions.
Create a possible increase in income to you and your family.
Reduce assets subject to probate. How do I make a gift to the fund?
The fund is able to receive many forms of gifts and bequests involving almost
any kind of asset. A few of the more common ways to give are:
Cash. Gifts can be made at one
time or on a periodic basis.
Stocks, bonds and other securities.
Gifts of appreciated stocks and bonds (including U.S. Savings Bonds) often provide
significant tax advantages for the donor.
Tangible personal property. Gifts
of saleable personal property could include artwork, jewelry and coin collections
Trusts.
Through a trust you may give to the fund during your lifetime or upon your death.
Real
Estate. Gifts could include homes or remainder interests in real property.
Wills.
You may make a gift to the fund of any property through your will. This permits
you to specify the nature and extent of a gift that will be made upon your death.
Without a will, the State will determine how your assets are distributed.
Life
insurance policies. Donors may purchase a new policy or donate an existing
policy with the fund as owner or beneficiary.
Retirement plans, IRAs, 401(k)s.
The fund's committee will be happy to assist donors with any necessary paperwork.
Charitable
remainder trusts. Substantial gifts can be made to the fund in trust and the
donor receives annual cash payments from the trust assets.
Charitable gift annuity. Donors
can create an annuity to provide regular income payments through a sizable gift
to the fund.
How can I get more information about the fund? You are encouraged to contact
the Pacifica Synod office for more information and answers. You may also be interested
in reviewing the fund's Gift Acceptance Policies, Investment Policies and Disbursement
Policies. At your request
a committee member will confer with you about making a gift or bequest to the
fund. Donors are encourages to consult their attorneys when preparing or amending
their wills or estate plans. Your
gift to the New Mission Endowment Fund is a gift to the future of the Church.
It fulfills, in part, your opportunity as a Christian to respond to God’s gifts
to you. Can I make my gift in memory of someone? Gifts of any
kind can be made in memory of on honor of some. Who
administers the fund? The Endowment Committee, elected by the Synod Assembly,
administers the fund and is under oversight of the Synod Council.
FROM BISHOP
MURRAY FINCK Intimately connected with the heart
of the Gospel of God's saving grace is Jesus' call that we share that Good News
to the ends of the earth. New mission congregations consistently have been one
of the Holy Spirit's best means of bringing people into the Christian faith and
Church. The mission fields within the territory of the Pacifica Synod are plentiful
and abundant with people and needs. There is wonderful opportunity for planting
and sowing the message of God's love, and the Spirit will bring many to Christ.
Partnering and striving together, we are able to do that which we could not do
alone. This fund, when generously supported, will allow new ministries to be developed
and will fulfill Jesus' commission. More will know Christ. His Word will be shared,
and his Church will grow and thrive. |