Generation to Generation: 

LEAVING A LEGACY

A planned gift is one that goes over and above the giving that supports the annual operating budget of the church. You can make this gift while you are still an active member of our congregation, or it can be done in various ways after your lifetime. Planning your gift may enable you to contribute more to the church and/or to conserve other assets for you and your family. Here are some of the more common ways that you might consider making a gift:

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Cash Donation: 
You may make a cash donation at any time.  It can be designated for a particular program, activity or use. Undesignated gifts will be used in a manner determined by the church’s Session.

Bequest:  

You may make a gift after your lifetime through your will or trust. This can be a fixed dollar amount, a specific asset, or a percentage of your estate. This could include cash, real estate, life insurance proceeds, retirement account proceeds, and other assets such as stocks or other securities.

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Appreciated Securities: 

We are able to accept appreciated stock and other securities through the Davie Community Foundation.  These types of gifts may offer the benefit of reduced tax liability while furthering your charitable goals.  Using appreciated securities that you have held for over one year to make a charitable gift may avoid the long-term capital gains tax and possibly allow you to deduct the full fair-market value of the stock.  To achieve this result, shares must be transferred to the charity, not sold, redeemed, or exchanged.  If they are sold, the gift becomes a cash gift rather than a gift of securities, and you will personally realize the capital gains.  The Community Foundation is acting as a Depository Trust Company (DTC) for the church.  It will accept the transfer from you, then sell the securities and deposit the proceeds into one of the church accounts with the Foundation.  (See the next page for further instructions on how to donate.)

Retirement Accounts: 

IRAs, 401(k)s and other tax-deferred retirement accounts can be the most heavily taxed assets in many estates. However, they can be used while you are living to make tax-free contributions to the church – including your pledge. Due to recent tax changes, your heirs will be taxed heavily on any assets remaining in these accounts after you are gone. By choosing to make the church your beneficiary and leaving less tax-burdened assets for your heirs, both parties will benefit.