Bethlehem First United Methodist Church Legacy Ministry Our
Bethlehem First United Methodist Church Legacy Ministry
Our Vision
My Story
10 Reasons Every Church Should Have A Legacy Ministry 1. If you are not asking the members of your church for planned gifts, you can bet someone else is. . . 2. Eventually that "someone else" will win their cash gifts too as planned gifts come from the heart. 3. Hard economic times when people are "cash-starved" are the best times for planned giving. 4. Those churches who even have a go at planned giving eventually earn 25% to 100% more than those who don't. 5. A typical planned gift is 200 to 300 times the size of the member's annual gift.
10 Reasons Every Church Should Have A Legacy Ministry 6. Planned gifts do not affect your church member's annual giving. Repeat: Planned gifts do not affect your church member's annual giving. 7. Church members are often eager to make a planned gift but don't know how. Or are never asked. And some are even offended that they aren't asked by their church! 8. Church members who make gifts through their wills typically are unknown and can surprise you. 9. Anyone can make a planned gift. 10. By working with the Georgia United Methodist Foundation's staff, promoting planned giving in your church is easy.
Why do we need a Legacy Ministry? Long term success and survival
$41 - 136 trillion Wealth transfer in the next 50 years
Why do we need a Legacy Ministry? Long term success and survival Formalizes the process and promotes Legacy Giving
Why do we need a Legacy Ministry? Long term success and survival Formalizes the process and promotes the concept Members have a way to leave a legacy
Stewardship as a way of life .
Free image courtesy of Free. Digital. Photos. net
Establish a church endowment. What is an endowment?
1. Permanent Fund or Source of Income
2. Support Programs and Ministries
3. Hedge against economic times Free image courtesy of Free. Digital. Photos. net
Perpetuity 4. Invested in Perpetuity Permanent source of income
Outright Legacy Gifts Examples of Legacy Giving?
Life Insurance Death Benefits Bequests Examples. Trusts of Legacy Charitable and Giving? Annuities Cash Retirement Plan Assets Real Estate Stocks and Bonds Savings Bonds
Examples of Legacy Giving? How Do You Make a Legacy Gift?
1. Leave a Final Tithe in Your Will 10%
Members of Every Means How do we define Legacy Giving?
2. Meet with a member of our Legacy Committee and explore the options. .
3. Contact the GUMF ■ Planned Giving Website and Weekly Newsletter ■ Legacy Giving Services for Church Members ØIndividual Consultations ØTrusts Ø Gift Annuities LEGACY - SEWING SEEDS OF FAITH FOR FUTURE GENERATIONS FUNDRAISING I INVESTMENTS I LOANS I CHARITABLE GIVING I GRANTS I SCHOLARSHIPS
4. Review your plans with your attorney
What can I do?
1. Make a planned gift My Legacy
2. Pray
3. Influence Others My Legacy
4. Communicate the Advantages of an Endowment to Others
5. Celebrate Progress
6. Help identify resource professionals
Examples of Legacy Giving? What Happens Next?
Charge Conference
Legacy Committee Contents of Legacy Ministry Program sessions 6, 7, 8
Establish a church endowment
Church Statement Charge Conference Resolution Legacy Gift Confirmation Gift Acceptance Policy
- Slides: 40