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Focus on the Future Funding the Ministries of Your Church

Focus on the Future Funding the Ministries of Your Church. Gary Melville United Methodist Foundation of New England www.umfne.org gmelville@umfne.org 800-595-4347 ext. 103. What is Planned Giving?.

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Focus on the Future Funding the Ministries of Your Church

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  1. Focus on the FutureFunding the Ministries of Your Church Gary Melville United Methodist Foundation of New England www.umfne.org gmelville@umfne.org 800-595-4347 ext. 103

  2. What is Planned Giving? • A planned gift is any gift, made in lifetime or at death as part of a donor’s overall financial and/or estate planning (plannedgiving.com) • A systematic effort to identify and cultivate a person, for the purpose of generating a major gift, that is structured and that integrates sound personal, financial, and estate-planning concepts with the prospect's plans for lifetime or testamentary giving. A planned gift has tax implications and is often transmitted through a legal instrument, such as a will or trust. (AFP.com)

  3. Funding Long-term Financial Needs Planned Giving • Long-term and low key • Ongoing/ Capital Campaign Goal • Connect Will with Love letter • Focus on Bequests and Gift Annuities • Donor Designated Funds

  4. Maslow’s Hierarchy of Needs

  5. Financial Planning Pyramid Gifting Family, Friends, Charity Estate Planning Asset Allocation Annuities, Social Security Wealth Preservation Investing & Pension, PIP, Roth IRA, Real Estate Wealth Creation Insurance: Life, Disability, Property, Liability, Emergency Fund Asset Protection Home, Food, Transportation Income

  6. All Giving is Spiritual • Maimonides Ladder: Moses Maimonides 1135-1204 Considered one of the greatest Torah Scholars of all time. • To give and to enter into partnership with the recipient so that he/she becomes self-sufficient • To give anonymously • To give knowing the recipient • To give with you name attached to the gift • To give before being asked • To give when asked • To give willingly, but inadequately • To give begrudgingly, or sorrowfully

  7. Case Studies: Tale of two Brothers • Bill and Joe ages 50,47 • Bill is a Cardiologist, Joe is a self-employed Artist • Mom and dad have a 1 million dollar estate • Bill says I don’t need anything • How would you advise the parents?

  8. Case Studies: Perpetual Prodigal • One of your best friend’s three children spends every dime earned, or unearned • She has bailed their child out of debt too many times • Her estate is $900,000 • Your best friend comes to you with this situation and asks for your wisdom…..

  9. Case Studies: The DINKs • Large estate: 4 million • Very frugal, and very generous • Have many charitable interests, most charities have sent material about making a planned gift. • They love their church, but they have not asked. • Their church is averaging 40 on a Sunday and is aging in place. • They have several concerns for making a planned gift to the church- What is your advice?

  10. Getting Ready for the Conversation Get your ducks in a row…

  11. Marketing Encourage the Blessings Avoid the Curse……. • Policies Matter • Educate Yourself • Educate the Congregation • Ask softly and often • Connect hearts with needs • Be prepared to say no • Call the Foundation

  12. One Size Does Not Fit All • Cultural • Demographics • Generational • Spiritual maturity

  13. Visit the Foundation Website www.umfne.org • Robust Planned Giving Resources • E-Newsletters for Donors and the Professionals • who serve them • Promotion Materials • Social Responsible Investment Options • Year-Round Stewardship Resources • Grants and Loans • Clergy Education

  14. FOUNDATIONS ELCA FOUNDATION http://www.elca.org/Who-We-Are/Our-Three-Expressions/Churchwide-Organization/ELCA-Foundation.aspx http://www.elca.org/ PCUSA FOUNDATION http://www.presbyterianfoundation.org/ EPISCOPAL FOUNDATION http://www.episcopalfoundation.org/ UCC Planned Giving http://www.ucc.org/giving/ ABC FOUNDATION http://www.americanbaptistfdn.org/

  15. RESOURCES • Herb Miller – “Full Disclosure: Everything The Bible Says About Financial Giving” (Discipleship Resources: Nashville, 2003) • Michael Reeves & Jennifer Tyler – “Faith & Money: Understanding Annual Giving in Church” (Discipleship Resources: Nashville, 2003) • Melvin Amerson – “Stewardship in African-American Churches: A New Paradigm” (Discipleship Resources: Nashville, 2006)

  16. RESOURCES • Dan R. Dick – “Beyond Money – Becoming Good and Faithful Stewards” (Discipleship Resources: Nashville, 2006) • J. Clif Christopher – “Not Your Parents’ Offering Plate” (Abingdon Press: Nashville, 2008) • J. Clif Christopher – “Whose Offering Plate Is It?” (Abingdon Press: Nashville, 2010)

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