Giving to Albion FUMC
The information contained on this page and the pages connected to are meant to give you guidance on the various methods that you can use to make a gift to support the Capital Campaign and/or the operations of Albion FUMC. If you have any questions at any time, please contact a member of the Capital Campaign Committee or the Finance Committee. We will arrange to meet with you to discuss options that will best suit your needs.
Your gift to the Church, whether for the Campaign or for the general operations of Albion FUMC, may be unrestricted, which means you leave it to the Campaign and Finance Committees how best to apply the gifted funds to the needs of the Church. If you prefer, you may make a restricted gift. The restriction may be very simple, that is, you simply direct that the gift is for the capital campaign or for general church operations. Or you may further restrict your gift to be used for a specific campaign purpose or for a specific item related to church operations. In either case, you will tell us how you wish these funds to be used. Restricted gifts for the capital campaign are often related to Named Giving Opportunities (Adobe Acrobat required to read the list) meaning that you wish to designate your gift for a specific need of the campaign.
Whether restricted or not, gifts may be:
- made now
- deferred by pledge (a portion of the gift is made now, the balance of the gift is pledged over time)
- by bequest (you have named Albion FUMC in your will)
- by some other arrangement.
For deferred gifts other than by pledge, please contact someone from the Campaign Committee or the Finance Committee before finalizing your deferred gift.
In general terms, the factors that you will want to consider in designing your charitable gift to the Church will include the following:
- The Kind of Property to give. Often this decision is governed by the timing of your gift. For example, retirement assets may be the most tax-wise gift to make via bequest in your will. Appreciated assets, such as securities, may make the best gifts during your life.
- The Amount of your gift. Financial security for yourself and your family should be considered.
- The Nature of your gift. In addition to an outright gift, you may have the option to make a gift now but keep the income from the gift for the rest of your life (and the life of your spouse).
- The ultimate Purpose of your gift. You will need to determine if your gift will be unrestricted or if you want to support a particular portion of the Capital Campaign.
- The Tax consequences of your gift. Potential capital gains, estate, and income taxes all may have an impact on your gift decision. You will find many tax advantages in philanthropy!
We hope that the information that is placed on this page will be a useful tool as you plan your gifts to support the Church. To that end more specific information addressing some specific issues is available by following the links below:
- Gifts made now from current assets, either cash or securities
- Gifts made now of real estate or other personal property
- Deferred gifts: wills, trusts, and retirement plans
- Deferred gifts that pay you income
- Gifts of life insurance
You may find that you will need more information than we present, or you need information now about something that will be presented in the near future. In either case, please contact a member of the Campaign Committee or the Finance Committee so that we can discuss your specific situation. Also, since tax laws change over time, please consult with us AND your tax or financial advisor before making your gift.