Give a gift in memory of the ones you love

9/21/2012

Sample bequest language for your attorney

Below are two sets of suggested wording to include your church in your will. Please discuss and share these options with your attorney.

Specific amount of estate

I give and bequeath to The Oklahoma United Methodist Foundation, Inc., an Oklahoma, not-for-profit, tax-exempt corporation, as a permanent endowment, $_______ to be used for the benefit of (name of church institution(s) or local church).

Specific percentage of estate

I give and bequeath to The Oklahoma United Methodist Foundation, Inc., an Oklahoma, not-for-profit, tax-exempt corporation, as a permanent endowment, _____ percent of my gross estate, for the benefit of (name of church institution(s) or local church).

There are many ways to make a gift in remembrance of someone special that will have meaningful significance for years to come for your local United Methodist church or favorite United Methodist cause. Here are a few options to consider, from the Oklahoma United Methodist Foundation.

A memorial gift of cash or property

A gift of cash is one of the simplest ways to remember your loved one or friend. This gift can be made to your church’s permanent endowment fund, to a memorial fund, or to a specific ministry dear to your loved one.

When you make your gift, please designate the person you wish to remember.

If you are making a memorial gift of appreciated stock or real estate, your tax deduction may depend on the type of property gifted. Call the Oklahoma United Methodist Foundation at 800-259-6863 for more information on giving appreciated stock or real estate, or visit the planned giving section of our website at www.okumf.org.

Make a deductible gift and receive life income

You may wish to make a memorial gift while providing current life income for yourself. With a memorial gift annuity, you make a gift of your cash or appreciated property in honor of someone and we will to pay you fixed income for life (with rates based on your age). You receive a charitable deduction for the value of your gift. After a lifetime of payments, the gift annuity will be used for mission and ministry by funding an endowment for your United Methodist church or favorite ministry.

Make a bequest

You may consider making a memorial gift in the future. By directing that a gift be made in your will or trust in memory of your loved one, you can continue their legacy.

Your bequest may be made in the following ways:

  • Make a gift of any cash amount.

  • Make a gift of a percentage of your estate.

  • Give a specific asset from your estate.

  • Give from the residuum of your estate

Any of these methods are ways in which you can remember your loved one and create a lasting memory. Contact the Foundation for more information on memorial giving.

 


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