A Message from the Endowment Committee
May 23, 2020
It has often been said that you don’t know the true value of something until you lose it. These last two months our pastors have encouraged us to use this unique time in our lives and the life of the church to reflect. 
So, what do you miss about FPC? Is it lemon squares and conversation around the coffee urn or punch bowl in the Gathering Space or singing hymns along with your Christian sisters and brothers in the sanctuary? Technology allows us to attend meetings or study scripture via Zoom; however, do you miss the handshakes, hugs, the warm greetings before and after the meeting? Are you missing the sacred space that is the sanctuary, the sound of the organ, the calm beauty of the courtyard, or Nancy’s warm greeting as you enter the door during the week?
This pandemic has caused many of us to also reflect on our mortality. Many are among the “at risk” population. Thus, some write brief memoirs to share with family, others review their wills and medical directives, still others reach out to family with gifts, words of forgiveness, care or gratitude.
What will be your legacy? How will you show others that which is most important to you? Is FPC important to you and have you made it part of your legacy?
This is a good time to ponder the words of St. John of the Cross: “In the twilight of life, God will not judge us on our earthly possessions and human success, but rather on how much we have loved.”
Jeff Myers, Chair
Joanne Akins
Mary-Stuart Alderman
Amy Cross
Todd Rhine
Debbie Wagner
Steve White

Estate Giving

The Joy of Creating Your Legacy

  God has generously given us everything life has to offer; we choose to give in response to his rich blessings. Giving to First Presbyterian Church [FPC], in whatever form, is an act of faith whereby we put into action our spiritual inclinations and demonstrate our spiritual values, both now and to future generations.
Our Church is blessed with a rich heritage of spiritual experiences and Christian service to the community, both local and worldwide. We are in the process of strengthening our FPC Endowment Fund program that will help to expand and enrich the ministries and programs of the church, for generations to come.
All gifts are welcome. As of June 2018, the Fund has received bequests and living gifts totaling just over $1 million. In addition we have estate gift commitments estimated to be over $2.5 million, so we are making great progress !! Our campaign goal is to grow the FPC Endowment Fund to $5 million.
How Does an Endowment Fund work? An Endowment Fund is a universal pool of money that is invested and pays out a percentage of the funds value annually; the larger the Fund, the larger the annually payout. Each year the proceeds of the Fund may be used to expand and enrich our Church’s ministries, where the need is greatest and also help fund special projects which the Church may not otherwise be able to undertake financially. You can also establish a restricted gift to endowment. This is completely independent of the church’s annual operating budget.
It’s easy and simple to become involved This is an exciting opportunity for you to make a gift to the Endowment Fund from your estate plan… it is easy and simple. Such a gift should not affect your current financial situation or cash flow during your lifetime. This is a wonderful way to support our church’s mission and for you to create a legacy of caring for your neighbor that will continue God’s work for generations to come.
Types of estate gifts you can make to the FPC Endowment:
Bequest Gift: A simple and easy way to support the FPC mission is to make a bequest in your will or trust. One significant benefit of making a gift by bequest is that it allows you to continue to use the asset during your lifetime. There are a number of ways you can make a bequest gift: A bequest can involve leaving a specific percentage of your overall estate to the Church. For example, you may wish to leave 10%, 20%, 30% or 100% etc. of your estate to the FPC or you may wish to make a specific dollar amount gift or gift a specific piece of property.
Retirement Plan Asset Gift: A retirement plan account, such as an IRA, 401K, 403b, etc., makes an excellent estate gift. By designating FPC as the beneficiary of all or part of your plan (by percentage or dollar amount the gift is transferred tax-free at your death) Your custodian can provide a form for this gift. If the retirement plan were given to your family, some of the value could be lost through estate and income taxes.
Gifts of Life Insurance: Giving a policy is simple and easy. Policies may no longer be needed or serve the purpose for which they were originally intended, such as a business that no longer exists, or for children or loved ones who may not need the additional income. Make a gift of an existing policy by naming FPC as a beneficiary of the policy and transferring ownership of a policy to FPC, it allows you to claim a charitable deduction for the approximate cash surrender value of the policy.
Donating real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to FPC.
Gifting Appreciated Securities: The gift of appreciated securities is most often in the form of stocks or mutual funds. Such a gift is a valuable way to benefit FPC and for you to receive tax benefits based on the fair market value of the assets.
Charitable Gift Annuity: The gift annuity is an irrevocable gift of cash or securities where you receive a predictable fixed income for life. At termination, FPC receives the residual value.
Charitable Remainder Trust: The remainder trust is an irrevocable gift of assets into a charitable trust that provides you a fixed (Annuity Trust) or variable (Unitrust) income for life or for a set term. There are potential tax benefits dependent upon your situation.
In closing
Here is what one of our donors said:
“I have the responsibility to decide how my assets will be allocated when I leave this earth. I want to help my family and also want to celebrate the glory of the Lord who has given me everything. A contribution to the FPC Endowment Fund which continues God’s work for many years after I’m gone is, for me, the ideal answer.”
We are very grateful to our members and friends who have already named the First Presbyterian Church in their estate plans that benefit the Endowment Fund. Please consider becoming involved in this campaign by naming the FPC as a beneficiary in your estate plans for the purpose of the Endowment Fund, or make a current direct gift to the Fund. This is a wonderful way to support the church’s mission and for you to create a living legacy that continues God’s work for generations to come.
To explore the giving options offered by our church; please connect Sue Koppenol at (843) 681-3696.

All discussions are confidential and without obligation. Estate planning is an individual process and should be structured to reflect your personal faith and values. Always consult your financial advisors.