What will your legacy be?
The four great human needs, according to Dr. Stephen Covey, author of The Seven Habits of Highly Effective People, are to live, to learn, to love, and to leave a legacy. Each of us wants to be remembered for something special – an untarnished reputation, a life filled with good deeds, a monumental and lasting achievement. We want our accomplishments in this life to be remembered and have meaning beyond our lifetimes.
Some of us want to be remembered as a close and loving family member. Most of us want our life’s work to have a positive and lasting impact on society. All of us want to leave something of ourselves to posterity that will be beneficial for many years to come. What would you like your legacy to be? Have you made arrangements for a lasting gift – have you firmly established your legacy to future generations?
Your Legacy, Your Church
All gifts are from God, the Bible tells us. We are blessed with living in an affluent country with untold opportunities. Most of us have never known poverty or despair. Yet, problems like those exist in our community and in the world. Our church has served the spiritual and physical needs of our community for many years. Our Outreach has touched the lives of people locally in Herndon and Northern Virginia, in other states such as Ohio, New York and Tennessee, and internationally in Haiti, Sierra Leone, Ghana, and Nicaragua. With our help, it will continue to do so for many, many years into the future. This will be our legacy.
Floris UMC Endowment Fund
When you specify an endowment, your gift will be invested to provide a legacy of support for Floris in perpetuity because the fund earns interest into the future. Only the interest is spent and the gift principle remains intact forever. Floris opened its Endowment Fund in 2004. The interest is used to support diverse areas such as new mission and ministry development, scholarships, facilities, capital equipment, and other areas designated by donors.
Leaving a Bequest
One way to give is with a bequest. Your will or trust can designate that a specific amount be given to Floris UMC’s Endowment Fund. Such a gift can take the form of cash, stocks, bonds, real estate, or other types of assets. A bequest allows you to pass your gift to Floris UMC free of estate tax. Additionally, your bequest can be undesignated or identified for the support of a specific ministry such as music, outreach, or others.
When you give a significant gift now, you have the joy of seeing your donation put to good use. If you itemize on your tax return, you will also receive an income tax deduction. If you give appreciated stock or real estate, you can also avoid capital gains tax on the transfer.
Other Ways to Give
By designating the Floris UMC Endowment Fund as the beneficiary of the policy, you may give life insurance to the Endowment Fund. This can be a creative way of making a significant donation.
In addition, there are several types of bequests, trusts and annuities that can provide financial flexibility and tax benefits to you and your family as well as significant future value to Floris UMC and its ministries.
If you wish to discuss any of the ways to leave a legacy, please call the Floris UMC office and ask for more information or contact one of our Endowment Ministry members to discuss it in person.
Frequently Asked Questions
Click here for frequently asked questions about the Floris Endowment Fund.