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A bequest in your will makes an outright gift of cash, securities or other property to your local church. Consider giving a percentage as opposed to a dollar amount as values change over time. You can also set up a fund through your will to carry on your pledge to your church in perpetuity.
Naming your church as a residual beneficiary in your will means that everything that’s “left over” after all of your other instructions have been met, will go to the church.
Name your church or an agency as a beneficiary of your IRA, 401K or other retirement plan. Giving a percentage of this type of retirement plan is a very tax efficient way to give. These types of tax deferred vehicles can be taxed heavily at death and giving to charity from them reduces that taxation.
Name the church as a beneficiary of your life insurance policy. If you bought life insurance when your children were small and don’t really need it anymore, consider giving the policy to the church or naming the church as a beneficiary.
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