The Memorial Foundation was organized in December 1971 to provide a vehicle for individuals to make bequests, memorials and other gifts that are separate from the annual church income. Since that time, there have been thousands of individual memorial donations to honor persons who have died. All donations are invested or used as directed by the donors.
Memorial Foundation funds have provided support for education and youth programs and for many other special projects and programs over the years. Total Foundation support for the church and its programs has exceeded one million dollars.
Why Give to the Memorial Foundation?
A bequest to the Memorial Foundation is a is a demonstration of our caring, Christian nature and a good way to declare our commitment to the church. Our gift can offer us a kind of immortality by continuing to work on our behalf to help support our favorite ministries long after we are gone. Our gift can also be used to reduce our capital gains, estate or income taxes.
What Are Some Ways to Give?
Gifts of Cash - Many of us already give memorial gifts in the names of friends or loved ones who have recently died. We can also provide for our own memorials by designating cash gifts in our wills. These can be designated for a specific purpose or may be made available for general use where the Foundation Committee identifies a need. Cash gifts in wills may be arranged in one of two ways; the will can provide for a fixed amount to be given to the Foundation or it can provide for a percentage of the estate.
Gifts of Securities - For many, gifts of stock or other securities have become more practical in recent years. This may have two tax advantages; the donor is able to avoid the capital gains tax and may claim full market value at the time of the gift as an income tax deduction.
Gifts of Life Insurance - Sometimes donors wish to give other items through the Foundation. For example, real estate is a very worthwhile donation where the tax advantages can be substantial.