Upload
alexandrea-wadding
View
217
Download
0
Embed Size (px)
Citation preview
2
Why Planned Giving? Inter-generational transfer of wealth between 1998-2052 will be $41
trillion with $6 trillion to not-for-profits through planned giving
These gifts can provide a means to support ministry, practice stewardship, and help individuals with make a difference!
Foundations are benefiting other faith communions Mennonites ~$2.5 billion … $35 million to ministry Church of the Brethren ~$125 million … $4 million to ministry Wesleyans ~$60 million equity … $3 million to ministry
Endowments are a wonderful way to make a lasting difference in your own church.
3
What is an Endowment? In general terms, an Endowment is a perpetual fund whose income is used for ministry.
Generally donors who make planned gifts…
Want to make a difference
To know it’s a lasting difference
Have great joy in giving!
Endowments are a great way to help donors make a lasting difference!
4
Who decides where the income is spent?
The Endowment is owned by the local church. The church makes important decisions:
Determine the purpose of the endowment How is the money spent? How are decisions made? What are the guidelines and polices that give structure? Decide which of the five investment options are best.
Along the way the Church of God Foundation gives insight and guidance, help with documents, reports, and legal issues; but the key decisions belong to the church.
5
HOW DOES IT WORK?Example: Your church is named as beneficiary in a Will, Trust, Insurance policy, or IRA and
Receives $200,000 gift from an estate and church has a permanent endowment the gift is placed into
Assume 5% distribution rate/year The yield is $10,000 in additional resources annually At this rate of return and distribution, the endowment should
continue to grow Funds are provided for ministry perpetually.
Supporting the ministry in perpetuity
6
Your church decides the ministries you wish to fund!Examples from other endowments:
Support an older adult staff minister
Youth and children ministries
Scholarships for college
Support community ministries and outreach
Funds for building upkeep and maintenance
Missions trips and training
7
Where do funds come from?
The Church of God Foundation has resources, materials, training, and seminars to help educate and inspire individuals to make a difference.
There are many ways in which the endowment can be funded. Just a few include:
Estate gifts Stocks and securities From life insurance From IRA’s Property And many other ways!
8
Who manages our local church endowment? Your church owns the endowment and decides upon its use,
policies, and investment options.
The Foundation helps you write a document where you define use, policies, and procedure. This is called a Charter.
The church chooses the investment option that is right for your endowment through a Risk Assessment
There are five (5) different mixes of investments to choose from
The Foundation manages endowments, helps meet legal regiments, files government forms and provides support services.
9
Where is the Endowment Money Invested?
The Foundation has invested its funds with the well-known Christian investment firm of Ronald Blue and Company of Atlanta, GA. The same firm used by the Board of Pensions
Ronald Blue and Company has been investing for over 29 years and has 5,000 clients with over $4 billion dollars of assets under management in a variety of investment funds.
Administrative Costs?* 1% for endowments per year Charitable Gift Annuities – 10% of residuum to Foundation * Talk to the Foundation about specific details.
10
Foundation Services Offered Consult and support in writing your church vision,
guidelines, and policies
Meeting with your leadership about principles of stewardship, and the relational donor cycle
Estate and planned giving seminars
Development of an intentional whole life philosophy of stewardship for your church
11
Foundation Services Offered Individual Consultation
Printed materials for planned and estate gifts
Samples of fundraising letters and materials
Resources for individual family financial health
Stewardship Weekends
12
The Foundation supports ministries The Church of God Foundation returned $60,000 to
support in 2010 Aid to retired ministers Scholarships for CHOG students to CHOG colleges Church Multiplication and growth
Through the Church of God Foundation you extend your ministry to help others in the Church of God.
13
We suggest the following action steps:
Discuss the Foundation with your leadership – they will have positive comments and concerns.
Invite the Foundation to do a short introductory seminar:
We will come and meet with your church leaders for a presentation.
Or we can do the presentation over the internet if you have connection and a digital projector.
Typically the seminar takes less than 30 minutes before your questions.
14
We suggest the following action steps:
Decide to proceed. You define the purpose of the endowment and what ministries the funds will support.
We will consult in a ‘Charter Agreement” which is your own church guidelines governing the endowment.
We will offer to consult and supply services in training and presenting the endowment to the church.
15
The Foundation can help your congregation to invite individuals to leave a lasting legacy to support the ministries they love!
16
For More Information:
Visit www.ChoGFoundation.org
Donor Stories as examples Gift planning calculator Professional Advisor section Free weekly E-newsletters
Savvy Seniors Donor Stories Washington Update Financial Update
Call Toll Free 877-549-4438
Email [email protected]
Church of God FoundationPO Box 2420Anderson, IN 46018-2420
17
Questions?
Talk to us directly! We can be reached at:877-549-4438, Foundation Toll Free Hot Line.
Staff can be reached at: 800-848-2464 or email us:Kirk Bookout [email protected] Repass [email protected]