The purpose of the Holy Nativity Endowment Fund is to open new horizons for the mission of Christ’s church by establishing new ministries that enhance the present and future growth of our congregation.
The fund will receive special gifts to enable our members to see an increase in the ministry and stewardship opportunities that are dedicated to the service of Christ our Savior. This will be in addition to and apart from the general operation of the congregation. Each year a percentage of our fund value is distributed to special determined needs, as evaluated by the Endowment Committee and approved by Church Council, while the fund continues to grow for future Holy Nativity outreach.
From our abundance and thankfulness for God’s goodness, we help serve others.
Donors can make contributions to the Endowment Fund by a variety of methods. Gifts of all sizes and in many forms are welcome.
A gift of cash is one way to realize your charitable objectives. Cash gifts qualify as a charitable deduction for federal income tax purposes and are fully deductible up to fifty percent (50%) of your adjusted gross income in the year that the gift is made. Deduction amounts exceeding this limit may be carried forward up to five (5) additional years. Envelopes for gift are available in the church pews and in the literature rack in the Narthex.
Gifts of appreciated securities held more than one year (readily marketable stocks and bonds, and stock in closely held companies) can also be given to the Endowment Fund. You can avoid the recognition of capital gains tax and deduct the full current fair market value of the gift of securities, equaling up to thirty percent (30%) of your adjusted gross income in the year of the gift. Deduction amounts exceeding this limit may be carried forward up to five (5) additional years.
Bequests and Memorials
Through your will, you can perpetuate good works with a living memorial. The Endowment Fund can be a beneficiary of all or a portion of your estate, the recipient of a specific gift or the ultimate beneficiary of a charitable remainder trust. The value of the gift is deductible for federal estate tax purposes. In addition, any funeral memorials that are contributed in your memory can be directed to the Endowment.
There are several ways to give life insurance to the Endowment Fund. You can transfer the ownership of an existing life insurance policy, purchase a new contract of insurance in the name of the Endowment Fund or name the Endowment Fund as a beneficiary of the life insurance policy. In addition to estate tax benefits, the donor may also obtain a charitable income tax deduction for lifetime transfers.
A gift of real property held for more than one (1) year can provide the same tax advantages as a gift of securities. You can also choose to donate the remainder interest of a personal residence to the Endowment Fund while retaining a life interest in the residence by transferring the residence to a qualified personal residence trust.
Gifts that Provide a Stream of Income
A number of plans allow you to make a gift to the Endowment Fund, and in return receive an income for you, a spouse, children, or others. Options include gift annuities and charitable remainder trusts (including unitrusts, annuity trusts and charitable lead trusts.)