Gifting Opportunities

What is the difference between "Stewardship Giving" and "Legacy Gifting"?

"Stewardship Giving" is your annual contribution to Community United Methodist Church's operating budget and mission outreach projects.  

"Legacy Gifting" is for purposes and projects that are not normally included in CUMC's annual operating budget.  Examples are:  

DIRECT GIFTING

Involves making a gift of directly to Community United Methodist Church or through the Gift and Memorials Committee for the immediate use by CUMC.

ENDOWMENT GIFTING

The gift is invested and the investment earnings are used for a purpose agreed to with the Donor.

PLANNED GIFTING

 Involves making a gift through the use of specific legal documents. Typically these gifts flow through an individual Will or embedded Trust, a Revocable Living Trust, other specialized Trusts or beneficiary designations. 

For more information please call 262-782-4060

If naming Community United Methodist Church as a recipient of assets in your Estate Planning documents, the following are the formal names that should be used:

Community United Methodist Church of Elm Grove

Community United Methodist Church of Elm Grove Endowment Fund,  (name of account)

DIRECT GIFTING

A Direct Gift can be made either directly to CUMC for use over a short period of time in a couple of ways. A gift can be directed to an existing or new restricted CUMC account. A gift can also be directed through the CUMC Gift & Memorials Committee. In either case, the gift usually is to be used within a short time for a specific purpose agreed to with the Donor. Top▲

ENDOWMENT GIFTING

The Endowment Fund was established to receive gifts that are invested and the earnings used annually for a specific purposes over the life of the Fund, often in perpetuity. There are two distinct types of Endowment gifting opportunities.

Donor Fund Account (DFA) is created with a Donor setting forth the special purpose for which the earnings are to be used. The DFA typically has assets in excess of $5,000.

Established Fund Accounts  (EFA) are already created within the Endowment Fund and available for the Donor’s selection.  Eight separate EFAs are established and each has a defined purpose for which earnings can be used. These Accounts are funded through contributions from multiple Donors. Top▲

PLANNED GIFTING

Bequests through a Will or embedded Trust, or a Revocable Living Trust:

Consider making Specific Bequests of a set dollar amount or Residual Bequests of a set dollar or percentage amount of your residual estate made following a death or the termination of a Trust. Such Bequests can be made directly to CUMC in the following ways:

CUMC can a named beneficiary of such a Bequest.

CUMC Endowment Fund can be a named beneficiary of such a Bequest. If so, you may want to specify that your Bequest goes directly an existing or new Donor Fund Account or   Established Fund Account.

Specialized Gifting Opportunities:

Charitable Remainder Annuity Trust (CRAT) provides an opportunity for you to place assets into a Trust account from which you can receive an annual fixed dollar amount for life and name CUMC or CUMC Endowment Fund being the ultimate beneficiary.

Charitable Remainder Unitrust (CRUT) provides an opportunity for you to place assets into a Trust account from which you can received a annual variable dollar amount for life and name CUMC or CUMC Endowment Fund the ultimate beneficiary.

Beneficiary Designations

If you already plan to leave a Bequest at your death to CUMC or CUMC Endowment Fund, consider the tax advantages of making the Bequest through your IRA beneficiary designation.  Depending on timing, gifts of IRA assets during your lifetime to CUMC or CUMC Endowment Fund may also be tax advantageous.

Naming CUMC or CUMC Endowment Fund as a beneficiary of a Life Insurance policy is also a simple and good way to remember CUMC following death. Top▲