Planned Giving
Following Jesus, Growing Faith, Impacting Lives Together
Legacy Fund
The Legacy Fund is the new primary fund of Monticello's Endowment Program to honor the mission and vision of the church. It will be an endowed fund where all of the principle given will be retained.
Only the interest earned on the fund will be used for future ministries.
This will be a living legacy for our congregation, providing opportunities for new ministries into the future!
Gifts to the Legacy Fund shall be classified as "undesignated" funds.
Only the interest earned on the fund will be used for future ministries.
This will be a living legacy for our congregation, providing opportunities for new ministries into the future!
Gifts to the Legacy Fund shall be classified as "undesignated" funds.
How To Give Now
Cash:
Cash gifts are welcome any time and provide immediate tax benefits.
Appreciated Securities (or other assets):
The gift of appreciated securities is most often in the form of common stock, mutual funds, or other appreciated assets. Such a gift is a valuable way to benefit Monticello UMC and for you to receive the tax benefits based on the fair market value of the assets.
Real Estate:
Although Monticello UMC does not allow the receipts of real estate, the proceeds from the sale of real estate may be endowed to Monticello UMC or left by bequest. This gift may provide an immediate tax deduction and avoid capital gains.
Life Insurance:
Make a gift of a policy or buy a policy making Monticello UMC the owner and beneficiary.
Cash gifts are welcome any time and provide immediate tax benefits.
Appreciated Securities (or other assets):
The gift of appreciated securities is most often in the form of common stock, mutual funds, or other appreciated assets. Such a gift is a valuable way to benefit Monticello UMC and for you to receive the tax benefits based on the fair market value of the assets.
Real Estate:
Although Monticello UMC does not allow the receipts of real estate, the proceeds from the sale of real estate may be endowed to Monticello UMC or left by bequest. This gift may provide an immediate tax deduction and avoid capital gains.
Life Insurance:
Make a gift of a policy or buy a policy making Monticello UMC the owner and beneficiary.
Give Later
Bequest:
Bequests are excluded from your taxable estate and provide a very simple way to share your life's blessings and leave a legacy. You may choose to make Monticello UMC a contingent beneficiary in case your heirs
are unable to receive the estate or choosing a specific item, a percentage, or a residual bequest.
Retirement Plan Assets:
Naming Monticello UMC as beneficiary enables the asset to pass tax free to Monticello UMC. You may also make Monticello UMC a percentage beneficiary or a contingent beneficiary or a retirement plan.
Bequests are excluded from your taxable estate and provide a very simple way to share your life's blessings and leave a legacy. You may choose to make Monticello UMC a contingent beneficiary in case your heirs
are unable to receive the estate or choosing a specific item, a percentage, or a residual bequest.
Retirement Plan Assets:
Naming Monticello UMC as beneficiary enables the asset to pass tax free to Monticello UMC. You may also make Monticello UMC a percentage beneficiary or a contingent beneficiary or a retirement plan.