Endowment Program

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The Purpose

The purpose of the Unity Endowment Program is to create a perpetual resource to be used exclusively to support Unity Presbyterian Church. The Program is established to offer members and friends of Unity Presbyterian Church the opportunity to leave a legacy of faith for future generations. It is intended to enhance the church's ministry and witness to the love of God in Jesus Christ. It is separate from the annual appeal for general worship offerings, specific-purpose offerings, and capital or building funds. The Program seeks to attract a full range of giving options including cash, securities, real estate, valuable tangibles, life insurance, life income plans (annuities, trusts, pooled funds, ect.) It is intended that distributions from the Program be used to expand and enrich the mission and ministry of Unity, rather than become a stream of support for the operating fund.

 

Legacy Accounts

The Unity Endowment Program provides an opportunity for you to create and strengthen your Legacy in a manner suited to personal desires and interests. Below is a brief description of the current Accounts.

  • Missions/Benevolences - This Account will fund missions and benevolence activities above and beyond those funded in the annual budget.
  • Christian Education Ministry - This Account will assist with funding special projects and missions for children, youth, and adult programs.
  • Music Ministry - Programs, projects, and missions of Unity’s music ministry will be funded by this Account.
  • Capital/Building - Renovations and major improvements to the existing property and equipment that are normally treated as capital expenditures will be supported by this Account.
  • General Endowment – This Account will provide income to support opportunities for ministry beyond general operations of the church and where the need is greatest.

Most Popular Giving Options

  • Federal Tax ID #57-0360709
  • Direct Contributions of Personal Property  including cash, stock, bonds and real estate.
    • Contact Pam Bright, Financial Manager, Unity Presbyterian Church.
  • Bequests of Will or Trusts that can be in dollar ($) amounts or percentages (%) of designated parts of your estate.
    • Contact your attorney.
  • Beneficiary Designations on Bank Accounts, IRAs, Life Insurance reduce family income tax liability upon distribution. Can be expressed as a dollar ($) amount or percentage (%).
    • Contact the holder of the policy, account, or plan.
  • Gift Annuities are a simple and effective way to donate funds and to receive an immediate tax deduction plus guaranteed, tax-favored income.
    • Contact financial advisor.
  • Personal Trusts:
    Charitable Lead Trusts provide Endowment with regular payments for stipulated years, then the trust assets are returned to the donor’s estate.

    Charitable Remainder Trusts - provide lifetime income for a fixed term to the donor or their family. When the term ends, the Endowment receives the remaining trust assets. 
    • Contact financial advisor
  • Donor Advised Funds - transfer cash or securities to an IRS approved donor fund. The donor retains flexibility to decide the amounts and timing of distributions from the fund to the Endowment or other charities.
    • Contact financial advisor


Note: Many of these giving opportunities can be accomplished without legal assistance.

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Q&As

 Q1: Why have a Unity Endowment Program? 

 Q2: What is the purpose of the Unity Endowment Program? 

 Q3: How is the Endowment Fund managed?

 Q4: How are the funds invested and with who? 

 Q5: Is the Endowment Program audited?

 Q6:Where do the funds come from? 

 Q7: When in one’s lifecycle is it most appropriate to consider an endowment donation? 

 Q8: How do I contribute to the Endowment Program? 

 Q9: Can I specify where my money goes? 

 Q10: What is the church’s address and tax identification number?

 Q11: What are the monetary goals for the Endowment Program?

 Q12: Can the principal be used for distribution? 

 Q13: How and when will program distributions be made? 


Additional Resources

Program Information:
Brochure
Investment Policy
Program Policies and Procedures  
Fall 2019 Program

Donor Information:
Donor Gift Information Form 
Program Donors

Special Documents: 
Application for Endowment Program Distribution
Approved Distributions
Annual Report

What Now?

Are you ready to create a legacy or have more questions? Contact our board members for further assistance.

Please Remember Unity Endowment in your Estate Plan