Giving for the Future...
Making a planned gift is not just for those who have wealth or special financial expertise, but for anyone with a generous spirit who wants to designate their gifts while they are living. As members and friends of Fifth Avenue Presbyterian Church, we share a deep sense of gratitude for those who have gone before us. We worship in a beautiful Sanctuary built in 1875. We serve Christ in a Church House erected in 1925. Each time we gather, we are reminded of the gifts that were so generously given by our ancestors in the faith. They gave gifts to fund the current needs and for the long-term benefit of those who would follow them in ministry at this corner.
Why
Consider a Planned Gift?
Sharing our faith and material blessings with others ensures that coming generations will continue to have as many opportunities for work and worship at Fifth Avenue Presbyterian Church as we do today. These gifts enrich the lives of others in countless ways and bring a sense of joy and fulfillment to our own lives. Planned gifts may also provide a number of financial benefits to the donor including lifetime income, tax savings, reduced capital gains and estate taxes, and release from financial management.
Planned gifts can be received by Fifth Avenue Presbyterian Church through your will or during your lifetime.
Gifts
Made through Your Will
Charitable bequests are joyful statements that celebrate your commitment to Fifth Avenue Presbyterian Church. In making a bequest to our church you may:
- Designate a specific amount
- Designate a percentage
- Designate a specific item such as a security, real estate, art work, etc.
- Establish a Testamentary Trust with income retained for your heirs for a period of time and the remainder to the church or, with income to the church, the remainder to your heirs.
Retirement
Benefits
You may designate the church as a beneficiary of your retirement plan and significantly reduce your estate and income taxes.
Life
Insurance
Life insurance no longer needed for your family’s security may be given to Fifth Avenue Presbyterian Church, providing a current tax deduction for the cash value of the policy.
Life
Income Plans
There are a number of ways you can make a gift to Fifth Avenue Presbyterian Church and provide income for yourself and a family member during your lifetimes. These gifts may provide both current tax benefits and estate tax savings. They also free you from financial management concerns. A few examples are the:
- Charitable
Gift Annuity
This is a contractual agreement in which you or a beneficiary will be paid a fixed payment for life in exchange for your irrevocable gifts of cash, securities or other assets to Fifth Avenue Presbyterian Church. - Charitable
Remainder Trust
This is an irrevocable trust in which you or a beneficiary will be paid either a fixed or variable payment for life or a set number of years in exchange for your irrevocable gifts, after which the remaining assets pass to Fifth Avenue Presbyterian Church. - Pooled
Income Fund
As the charitable counterpart of a mutual fund with gifts invested under professional management, you or a beneficiary receives income based on your share of the pool. After your lifetime, the share is given to Fifth Avenue Presbyterian Church.
What
Can You Do if You Are Interested in Making a Charitable Gift to Fifth
Avenue Presbyterian Church?
If you want to consider other giving options or would like more information on the options mentioned here, please contact the Rev. Randolph Weber or Brandon Paine, chairman of the Planned Giving Committee, at 212.247.0490. We strongly urge our donors to work closely with their professional advisors to determine the most advantageous charitable estate plan for them.
The Legacy Association
Fifth Avenue Presbyterian Church’s Legacy Association was established in order to recognize and thank members and friends who have expressed their gratitude to God by including our church in their planned giving.
By taking this step and notifying the church of their intent, members will automatically be invited to participate in the Legacy Association.
If you have included Fifth Avenue Presbyterian Church in your planned giving and have not already notified the church, please contact Chris Thomas. At that time, you may let him know whether you wish to be included in the Association’s gatherings or prefer to remain anonymous.
Planned
Giving Committee
Brandon Paine (Chair), Leon Choate, Jr., Ron Cruikshank, Ena Diamant,
Jean T. Erish, Holly Hendrix, Lowell Lamb, Lane Maurer, William S. Perper, Barbara E. Swarthout, JoAnn C. Weisel and Suzanne Zywicki
Staff Liaisons:
The Rev. Randolph L.C. Weber (Associate Pastor)
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Copyright © 1999-2008
Fifth Avenue Presbyterian Church,
7 West 55th Street, New York, NY 10019
212.247.0490
