Retirement Plans may provide an excellent deferred gift to further the mission of the endowment fund you select. This is a convenient way to provide a gift and at the same time avoid income tax on the retirement plan and in some cases estate taxes at your death. This is done by naming a Indiana Conference and Education Center Endowment Fund in the United Pentecostal Foundation of your choice as the remainder beneficiary after your death. You benefit by preserving your retirement plan’s value, which allows you to leave heirs other assets that may have less income tax liability. Charitable Remainder Trusts allow you to avoid capital gains taxes, receive an income stream for life, and make a significant contribution to the endowment of your choice. Your trust receives the assets you contribute, sells them free of capital gains taxes, provides you and/or your family with income for a period of time, and then distributes the remainder to the Ladies Ministries endowment fund you select.
Charitable Lead Trusts allow you to provide an income stream to the Indiana Conference and Education Center Endowment Fund for a specific period of time, receive a charitable tax deduction for the gift, then pass the remainder to your family, while paying little or no taxes.
Life Estate Property Gift is a way to donate your home or farm and retain life estate or usage for your lifetime. You receive income tax deductions now and avoid capital gains taxes. At death, Indiana District sells the property and puts the proceeds in the endowment fund of your choice.
How to Proceed with Your Gift•
Contact Indiana District Secretary at
Email: [email protected] or Office: 574-293-9332