Legacy Ministry

1. Bethlehem First United Methodist Church Legacy Ministry

2. What is an Endowment? An Endowment Fund is a permanent fund or source of income for our church that contributes to the fulfillment of our church vision. The funds that are contributed to the Endowment Fund are invested in perpetuity. The proceeds of the fund are used to fund ministry for the church. Why have an Endowment Fund? An Endowment Fund Says That Our Church: • Believes in its future • Wishes to be guided in stewardship by the belief that all we have is from God • Wants to build a sense of permanence • Desires as a church family to be good stewards even as we expect each member to be a good steward • Wishes to go the extra mile in providing new services and programs • Wants to create a legacy for future generations

3. Legacy Partners The purpose of Legacy Partners is to recognize those who have made a planned gift or given to the Endowment. By allowing us to list your name, we hope that this will also be an inspiration for others to follow. Each year, we will have an gathering of the Legacy Partners to report on our endowment and to share how we have used the proceeds. In addition, we will host a Legacy Sunday which will include a listing of your name in the bulletin. Where may I give? Our members may designate their legacy gift to the following funds: • General Endowment Fund • Music Ministry Endowment Fund • Building and Grounds Endowment Fund • Youth Endowment Fund • Named fund: This may be set up in memory or honor of someone and/or for a specific purpose with a minimum contribution of $20,000 Who Manages the Endowment? The Bethlehem First UMC Endowment is managed by the Georgia United Methodist Foundation and is overseen by the Endowment and Planned Giving Committee of the church.

4. OPTIONAL SLIDEBethlehem First United Methodist ChurchLegacy Partners • Joe and Mary Jones • Sam and Judy Smith • Alfred and Lisa Thompson • Tom and Patricia Young

5. How can you give to the Endowment Fund? Gifts Given Today Gifts Given After Passing • Cash • Stocks and Bonds • Real Estate • Life Insurance • Savings Bonds • Cash • Stocks and Bonds • Real Estate • Life Insurance Death Benefits • Savings Bonds • Bequests • Charitable Trusts and Annuities • Retirement Plan Assets

6. Estate Goals • Health Care • Charitable Legacy • Reduce Probate Costs • Reduce Estate Taxes • Gift of Peace to Family • Income for Family • Principal for Family Estate Distribution Only Three Places Family/Friends Church/Charity Government

7. Why am I visiting You? • Tell my story: How I gave and why this is important to me • Asking the Leadership of the Church to give first • Will be asking the rest of the congregation to commit after _________ • Prayerfully request that you consider a Legacy Gift and complete the Confirmation Form and return it to the church by that date • Hope that Leadership Commitments will motive others in the congregation to follow

8. Language for Leaving a Gift in Your Will This is some language to help your attorney prepare your will. A carefully written will protects your estate and helps you fulfill your personal goals.1. Bequest of cash"I bequeath the sum of $10,000 to Bethlehem First United Methodist Church of Bethlehem, GA."2. Bequest of an asset “I bequeath 100 shares of stock of the Coca-Cola Company to Bethlehem First United Methodist Church of Bethlehem, GA.” 3. Bequest of a percent of the estate I devise and bequeath 20% of the remainder of my estate to my church. My estate shall mean and include [only the property in my probate estate that passes under my Will] OR [all property that I own at my death including property that passes outside my Will to a joint owner or designated beneficiary]”4. Contingent Bequest"If my brother John Doe survives me, I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to John Doe. If John Doe does not survive me, then I devise and bequeath 20% of my residuary estate, whether real or personal property and wherever located to Bethlehem First United Methodist Church of Bethlehem, GA.My estate shall mean and include [only the property in my probate estate that passes under my Will] OR [all property that I own at my death including property that passes outside my Will to a joint owner or designated beneficiary.]” 5. Gift of an IRA Because income taxes must be paid on funds withdrawn from an IRA by an individual, using your IRA to make a gift to your church is very effective since your church does not have to pay the tax. You must use the official beneficiary designation form provided by the custodian of the IRA (bank, brokerage house, etc.), complete and sign the form, and deliver it to the custodian so that it is in their records. Typical language would be: “I designate the Bethlehem First United Methodist Church of Bethlehem, GA, as beneficiary of 20% of my account.” 6. Bequest to create permanent endowment fund at the GUMF to benefit church or ministry"I hereby bequeath [insert amount, percentage of the estate, or "the rest and remainder of my estate"] to the Georgia United Methodist Foundation, Inc., Norcross, Georgia ("Foundation"), its successors and assigns, for the purpose of creating a permanent endowment fund ("Fund"), which expendable distributions for the benefit of Bethlehem First United Methodist Church of Bethlehem, GA. Such fund shall be known as [insert name of fund]. I understand that the Fund shall be administered by the Trustees of the Foundation.If you would like to set up a permanent endowment fund for your church at the Georgia United Methodist Foundation, please call toll free 1.877.220.5664 or go to www.gumf.org for complete information and documentation.

9. YOU CAN MAKE NOW

11. The purpose of this publication is to provide general gift, estate and financial planning information. State laws govern wills, trusts and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts. Watch for tax revisions. Some types of gifts may not be available in all states. Check with your professional advisor.

12. What are the advantages? • Make a gift to your church and receive increased income for the rest of your life • Receive current income tax deduction • Receive part of each payment tax free • Avoid some capital gains if funded using an appreciated asset • Avoid probate costs • 1 or more lives • Call toll free 877.220.5664 for more information or www.gumf.org

13. The Georgia United Methodist Foundation can help you . . . . . . • The Georgia United Methodist Foundation works with church members to develop strategies for • creating a legacy at their church. Our staff are trained to assist you in developing the most • advantageous way to meet your philanthropic and personal goals. • Working with both individuals and professional advisors, we can assist you with: • Creating a personal legacy plan—integrating your core values with your financial, philanthropic and estate planning objectives • Examining whether your legacy would be enhanced by creating additional secure income • Creating a plan to minimize tax consequences for your legacy plan—and lessen the impact on your family and estate • Selecting and timing the most appropriate vehicle for your legacy plan—to ensure your results are consistent with your goals • Whatever your goals in supporting your church, the Georgia United Methodist Foundation can help you achieve your objectives in a manner that works best for you. We will help you discuss ways to provide for your loved ones and those ministries in your church which are most important to you. • Call or email us today to set up a time to talk about the priorities that will help you build your Legacy at your church. It’s free and confidential. • Georgia United Methodist Foundation, toll free 1.877.220.5664 • Or visit our website at www.gumf.org

14. Thank you! Change this to photos of kids in your church. Contact information: Visitor:___________________________ Phone:____________________ Email: ________________ Visitor:___________________________ Phone:____________________ Email: ________________ Committee Chair:___________________ Phone:____________________ Email: _________________ Senior Pastor:______________________ Phone:____________________ Email: _________________ Georgia United Methodist Foundation: Toll free: 877.220.5664 www.gumf.org