Leave a legacy through your planned giving
Thank you for considering National Presbyterian Church in your planned giving! The NPC Fund for Charitable Giving can help you make a lasting contribution to the National Presbyterian Church or another charity of your choice.
Your charitable gift can:
- Reduce your income taxes, including capital gains taxes
- Reduce transfer taxes, including gift and estate taxes
- Provide higher levels of income and cash flow for yourself and others
- Provide a lasting legacy at National as we lead people to become faithful followers of Jesus Christ
Bequests: Giving through your will or living trust
By giving to National through your will or revocable living trust, also known as a charitable bequest, you can provide for the mission and ministry of National for years to come, all while continuing to enjoy your assets during your lifetime.
Bequests are flexible—you can make changes to your estate plan—and can be funded by cash, securities, real estate, and personal property.
You describe exactly what you want to leave to a family member or charity. If you want to leave a specific amount or if you have a particular item (such as an antique or collector's item) you would like to leave to someone, this is the type of bequest that you would use.
This type of bequest is honored after all other bequests have been made, and all debts, expenses and taxes have been paid.
This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, you can indicate your next choice through a contingent designation.
If you choose to include National Presbyterian Church in your estate plan, the church should be named as:
The National Presbyterian Church, a nonprofit religious corporation, organized and existing under the laws of the State of Maryland, located at 4101 Nebraska Ave., N.W., Washington, D.C. 20016.
Our tax identification number is 53-0196611.
When including National Presbyterian Church in your will or estate plan, you may choose to direct your bequest for use in a particular ministry or you may leave it undesignated. Undesignated gifts allow us to direct resources to our top ministry priorities.
Beneficiaries: Equipping ministry through your banking, retirement accounts, or insurance policies
Naming the National Presbyterian Church as a beneficiary of your bank accounts, retirement accounts, or insurance plans is simple and has lasting effect. By doing so, you can ensure that the Church receives the asset without going through probate. Adding National as a beneficiary is easy and requires very little effort or paperwork.
After your lifetime, the asset will pass to National and will be deducted from your estate for federal tax purposes.
When you open a bank account or set up a CD, you can name National Presbyterian Church as a beneficiary on the beneficiary-designation form provided by the institution. You also have the option of naming an individual such as a friend or family member as a primary beneficiary, and the Church as a secondary beneficiary. If your primary beneficiary does not survive you, then the assets go to your secondary or contingent beneficiary after your lifetime. Be sure to contact your bank for more information on designating a beneficiary.
Some retirement plans may distribute assets after the plan owner has passed away. After your lifetime, retirement plan assets are subject to federal estate taxes. However, National Presbyterian Church, as a tax-exempt organization, would be able to receive the distribution tax free and your estate will receive a full charitable deduction for the value of the assets transferred.
You can name the National Presbyterian Church as direct beneficiary of all or part of your life insurance policy, or as contingent beneficiary should your heirs not survive you. You would continue to act as owner of the policy and you can claim an income tax charitable deduction based on the policy's present value or the net cost of the policy.
When setting up a bank account, retirement account, or insurance policy, fill in "The National Presbyterian Church, Inc." as the primary or secondary beneficiary. For more information, contact our Finance Office at (202) 537-7484.
Life-Income Gifts: Providing for your future, and the future of the church
Charitable Gift Annuity: Receiving a Fixed Income
Charitable Remainder Unitrust: Receiving a Variable Income
Charitable Lead Trust: Giving to National Presbyterian Church AND Your Heirs
A Non-Grantor Charitable Lead Trust
- You transfer assets to the NPC Fund for Charitable Giving as Trustee. During the term of the trust, usually a fixed number of years, the assets are invested and each year we distribute a payment to National Presbyterian Church from the income. If trust income for a given year exceeds the annual charitable payment, the trust pays income tax on the excess.
- When the trust term ends, its charitable payment stops and the trust distributes its accumulated assets to family members or other beneficiaries named by you.
- These assets are transferred to your heirs and beneficiaries at greatly reduced gift and estate tax costs as any appreciation during the trust term is free of additional gift and estate tax. These taxes are assessed at the time of the trust creation and are further reduced by the value of the income payments to the Church.
- You transfer assets, usually cash or securities, to the NPC Fund for Charitable Giving as Trustee. During the term of the trust, usually a fixed number of years, the assets are invested and each year we distribute a fixed percentage of the trust's value, as revalued annually, to National Presbyterian Church. These payments are made out of the trust income, or trust principal if the trust income is not adequate.
- When the trust term ends, its charitable payments stop and the trust returns all of its accumulated assets back to you.
Because you retain ultimate possession of a grantor lead trust's assets, all taxable income earned by the trust during its term, including income distributed to the Church, is taxable to you. For this reason, grantor lead trusts sometimes are invested to earn tax-free income.
Assets: Giving securities, personal property, and real estate
Giving assets such as securities, personal property, and real estate is often a simple way to make a sizable gift to National Presbyterian Church while avoiding capital gain and other taxes.
You may choose to donate your assets outright, or sell the assets. It is important that the sale of any appreciated assets occur after transfer to National Presbyterian Church in order to avoid attributing the gains to you.
Securities, such as stocks and bonds, you can take an income tax charitable deduction equal to the fair market value of the security on the date it was given. Your deduction is available for the year you made the gift. As an added benefit, if you cannot take the entire deduction in the first year, there is a five-year carry-over for any excess.
Gifts of personal property can be tangible (such as artwork, antiques, jewelry, and computer equipment) or intangible (such as copyrights, patents, contracts, trademarks and royalties) If the use of the gift will be related to the mission of National Presbyterian Church, you can take an immediate income tax charitable deduction equal to the full fair market value on the date it was given. If the use of the gift is unrelated to our mission, your deduction is limited to the asset's cost basis or fair market value, whichever is less. You may claim the deduction (up to 30 percent of your adjusted gross income) in the year you make the gift. If you cannot take the entire deduction in the first year, there is a 5-year carry-over for any excess.
To ensure proper handling of your stock donation, please provide the following information to your broker:
Deliver to: Morgan Stanley Smith Barney
DTC Clearing Number: 0015
Client Account number: 504-041937-387
Client Name: The National Presbyterian Church, Inc.
NPC TIN: 53-0196611
Donor Instructions: Authorize your broker to disclose donor details
Please be sure to ask your broker to include donor details in the instructions sent to Morgan Stanley. If this is not done, the gift will be received as anonymous and we will be unable to match gifts for inclusion on your giving statement.
For more information on giving personal property, contact our Finance Office at (202) 537-7484.
For more information on giving real estate, contact the NPC Fund for Charitable Giving at (571) 421-7622.
Donor Advised Fund: Give a gift that keeps on giving
A Donor Advised Fund is a charitable giving vehicle that allows you to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time.
The NPC Fund For Charitable Giving can assist you with setting up a donor advised fund (held in a balanced portfolio investment account), that may be distributed to National Presbyterian Church in future years. There is a minimum initial gift amount of $10,000, and a minimum of subsequent gifts of $1,000.
We recommend that at least 5% of the fund is distributed annually, although distributions may be larger. When you wish to recommend a distribution, you simply notify us on a form letter we supply to you.
For more information on setting up a Donor Advised Fund, please call the NPC Fund for Charitable Giving at (571) 421-7622.
The information posted on this web site is not intended by National Presbyterian Church or the NPC Fund for Charitable Giving to constitute legal advice. Before making a gift, we recommend that you consult a qualified legal or financial advisor.