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Legacy Ministry Bethlehem First United Methodist Church.

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Presentation on theme: "Legacy Ministry Bethlehem First United Methodist Church."— Presentation transcript:

1 Legacy Ministry Bethlehem First United Methodist Church

2 Our Vision

3 My Story

4 10 Reasons Every Church Should Have A Legacy Ministry 1.If you are not asking the members of your church for planned gifts, you can bet someone else is... 2.Eventually that "someone else" will win their annual gifts too as planned gifts come from the heart. 3.Hard economic times when people are "cash-starved" are the best times for planned giving. 4.Those churches who even have a go at planned giving eventually earn 25% to 100% more than those who don't. 5.A typical planned gift is 200 to 300 times the size of the member's annual gift.

5 10 Reasons Every Church Should Have A Legacy Ministry 6.Planned gifts do not affect your church member's annual giving. Repeat: Planned gifts do not affect your church member's annual giving. 7.Church members are often eager to make a planned gift but don't know how. Or are never asked. And some are even offended that they aren't asked by their church! 8.Church members who make gifts through their wills typically are unknown and can surprise you. 9.Anyone can make a planned gift. 10.By working with the Georgia United Methodist Foundation's staff, promoting planned giving in your church is easy.

6 Why do we need a Legacy Ministry? Long term success and survival

7 More than $41 trillion Wealth transfer in the next 50 years

8 Long term success and survival Formalizes the process and promotes Legacy Giving Why do we need a Legacy Ministry?

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11 Long term success and survival Formalizes the process and promotes the concept Members have a way to leave a legacy Why do we need a Legacy Ministry?

12 Stewardship as a way of life.

13 Free image courtesy of FreeDigitalPhotos.net

14 Establish a church endowment What is an endowment?

15 1. Permanent Fund or Source of Income

16 2. Support Programs and Ministries

17 3. Hedge against economic times Free image courtesy of FreeDigitalPhotos.net

18 Permanent source of income Perpetuity

19 Examples of Legacy Giving? Outright Legacy Gifts

20 Examples of Legacy Giving? Life Insurance Death Benefits Bequests Charitable Trusts and Annuities Cash Retirement Plan Assets Real Estate Stocks and Bonds Savings Bonds

21 Examples of Legacy Giving? How Do You Make a Legacy Gift?

22 10% 1. Leave a Final Tithe in Your Will

23 How do we define Legacy Giving? Members of Every Means

24 . 2. Meet with a member of our Legacy Committee and explore the options. and explore the options.

25 LEGACY - SEWING SEEDS OF FAITH FOR FUTURE GENERATIONS FUNDRAISING I INVESTMENTS I LOANS I CHARITABLE GIVING I GRANTS I SCHOLARSHIPS 3. Contact the GUMF  Planned Giving Website and Weekly Newsletter  Legacy Giving Services for Church Members  Individual Consultations  Trusts

26 4. Review your plans with your attorney

27 What can I do?

28 My Legacy 1. Make a planned gift

29 2. Pray

30 My Legacy 3. Influence Others

31 4. Communicate the Advantages of an Endowment to Others

32 5. Celebrate Progress

33 6. Help identify resource professionals

34 Examples of Legacy Giving? What Happens Next?

35 Charge Conference

36 Contents of Legacy Ministry Program sessions 6,7,8 Legacy Committee

37 Establish a church endowment

38 Church Statement Charge Conference Resolution Gift Acceptance Policy Legacy Gift Confirmation

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