As Christians, we’re called to be faithful stewards of our gifts. We’re promised in 2 Corinthians 9:11 that “you will be enriched in every way for your great generosity”. Christians stewards understand that it is not how much they are given, but what they do with what they have. All Nations Church has been a thriving church since the 1950s thanks to the generosity of our congregation
members. We want to see this church continue to grow for generations to come and you can be a big part of that.
Planning now to make a gift in the future for the work of the church, such as a bequest in your will or a gift of life insurance, lays the foundation for a stable and exciting future. Your gift will make a lasting difference and sustain the ministry you value most for generations to come.
Types of Legacy Gifts
Bequests: Making a Gift in Your Will
A gift in your will is the most common form of legacy gift. A gift in your will can be a specific amount of money or a percentage of your estate. This donation, allows your estate to the tax benefit from the gift.
Life Insurance: Affordable Gift Today, Major Gift Tomorrow
For a relatively small outlay of cash, a gift of life insurance can become a significant future gift for the church without reducing the size of your estate. You can make All Nations Church the owner or beneficiary of a new or existing policy and save a multitude of taxes for your beneficiaries. If All Nations Church is the owner of the policy, you can also claim the premiums on your taxes each year.
RRSPs, RRIFs, and TFSAs: Tax Benefit to Your Estate
RRSPs, RRIFs, and TFSAs can be a large portion of your accumulated RRSPs, RRIFs, and TFSAs can be a large portion of your accumulated assets at your death. At your death, however, 100 percent of the proceeds from these are included in your final tax return. Your estate will have to pay taxes on the full amount. If you make All Nations Church the beneficiary of the proceeds of any registered fund, the church will issue a charitable tax receipt for the full amount of the gift. This in turn will have considerable tax benefits for your estate that will significantly offset the amount of your gift.that will significantly offset the amount of your gift.
Next steps for you:
– Take an inventory of your finances.
– Set financial priorities
– Write your will.
– Consider a gift to All Nations Church in your will.
– Share your estate plan with family.
– Consult with experts (Lawyer, accountant, financial advisor)
– Plan your funeral with your family and pastor.
– Appoint an executor and power of attorney
If you have any questions about how to best steward your assets for the future, please contact bookkeeper@allnationsc
