e assist with many different kinds of planned gifts that serve to enhance the ministries of United Methodist individuals, churches and institutions in Arkansas through ?Faith Funds.? Faith Funds are literally a gift that keeps on giving as permanent endowment funds we create and administer with the ultimate purpose of furthering the kingdom of God throughout the state. Learn how different types of planned gifts can help you meet your personal, financial and estate planning goals.
Bequests
A bequest may be made in your will or trust directing a gift to United Methodist Foundation of Arkansas.
Benefits of Your Bequest
- Receive estate tax charitable deduction.
- Lessen the burden of taxes on your family.
- Leave a lasting legacy.
How Do You Make a Bequest?
A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift to be made to family, friends or United Methodist Foundation of Arkansas as part of your estate plan.
Click Here to review sample bequest language.Your Bequest Options
A bequest may be made in several ways:
- Gift of a percentage of your estate
- Gift of a specific dollar amount or asset
- Gift from the balance or residue of your estate
Making a Bequest of Your Retirement Assets
A retirement asset, such as an IRA account, makes an excellent bequest to us. If the IRA were given to your family, much of the value may be lost through estate and income taxes. By designating United Methodist Foundation of Arkansas as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.
