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 ministy 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. 

 

Types of Bequests

Specific Bequest

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.

 

Residuary Bequest

This type of bequest is honored after all other bequests have been made, and all debts, expenses and taxes have been paid.

 

Contingent Bequest

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.

 

Making a Bequest

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.

 

Types of Beneficiaries

Bank Accounts

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. 

 

Retirement Accounts

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.

 

Insurance Policies

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.

Naming National as a Beneficiary

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

Life-Income Gifts enable you to make a gift to National Presbyterian Church and receive income during your lifetime, the life of someone you choose, or for a set number of years. You are eligible to receive an income tax charitable deduction the year you make the gift as well as other tax benefits. 
 
After you pass away (or after you and your beneficiary pass away) or the predetermined number of years expires, your gift is transferred to National Presbyterian Church.  
 

Types of Life-Income Gifts

Charitable Gift Annuity: Receiving a Fixed Income

When you establish a charitable gift annuity with the NPC Fund for Charitable Giving, you transfer assets to us and we guarantee that you will receive fixed income for your and/or your beneficiary's lifetime…it is reliable income you can count on! You can decide whether to receive payments immediately to help meet current income needs, or you can defer payments to supplement your retirement. By deferring payments, your payments will be higher, plus you receive your tax deduction during a high-income year. 
 
By creating a gift annuity, you can qualify for an income charitable tax deduction 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. If you decide to fund your annuity with appreciated property, you may also be eligible for capital gain tax deferral.
 
You must be 50 years or older (at least 30 years old if deferring) to establish a charitable gift annuity, but it is best for people 70 or older. There is a minimum contribution of $10,000 in cash or securities. 

 

Charitable Remainder Unitrust: Receiving a Variable Income

When you establish a charitable remainder unitrust you transfer assets to a trust for National Presbyterian Church and you receive income for life, or a term of years, based on a fixed percentage of the annual value of the trust.
 
The income tax deduction and the amount of income received in the first year will depend on the donor’s date of birth, the income percentage agreed on, the amount of the initial transfer, and the then current treasury discount rate.
 
After a term of years, or the lifetime of your and/or your designated beneficiary, the NPC Fund for Charitable Giving will use the principal remaining in the trust for National Presbyterian Church. 
You must be 50 years or older to establish a charitable remainder unitrust. There is a minimum contribution of $50,000 in cash or securities, or $100,000 if funded with real estate.
 

Charitable Lead Trust: Giving to National Presbyterian Church AND Your Heirs

A charitable lead trust is an excellent way to transfer substantial assets to your children or others at greatly reduced gift and estate tax rates and make a significant gift to National Presbyterian Church. The type of trust determines the tax benefits:

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.
 
A Grantor Charitable Lead Trust
  • 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.
     
Making a Life-Income Gift
To create a life-income gift, you make an irrevocable gift of cash, securities, personal property or real estate to The NPC Fund for Charitable Giving. In return, we sell and reinvest your property and agree to pay you either a fixed dollar amount or a fixed percentage of your gift. You are eligible to receive an income tax charitable deduction the year you make the gift as well as other tax benefits. 
 
For more information on gifts that provide income, please call the NPC Fund for Charitable Giving at 571-421-7622.

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 sizeable 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. 

 

Types of Assets

Securities

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.

 

Personal Property

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.

 

Real Estate

Subject to prior approval in writing, the NPC Fund for Charitable Giving will accept donations of real estate which meet certain minimum standards.  Generally, after you make the donation, we will sell the property and use the proceeds to fund the type of gift you select.
 
Due to the costs involved in evaluating a potential gift and maintaining the property until it is sold, there is an outright gift minimum of $100,000.
 
You may avoid the capital gain taxes you would have paid had you sold the property. Plus, you will receive an income tax charitable deduction in the amount of the property's fair market value. For gifts of appreciated property you can deduct up to 30% of your adjusted gross income.  If the real estate is used to fund a charitable remainder trust, the net income from the trust may exceed the income now being realized on the property without the responsibilities of ownership.
 
You may also consider a retained life estate, in which you can give your personal residence to The NPC Fund for Charitable Giving now, while retaining the right to live there for the rest of your life. You may also provide for another individual to live there for the rest of his or her life or a set number of years. Once the term of years is over, or after your lifetimes(s), the NPC Fund for Charitable Giving sells the property and uses the proceeds as you direct.
 
With a retained life estate, you take an income tax charitable deduction for the amount of the property's current appraised value with an adjustment for the value of your estimated life interest. For gifts of appreciated property, you can deduct up to 30% of your adjusted gross income.
How to Give Assets to the Church

Stock Donations

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.

 

Personal Property

For more information on giving personal property, contact our Finance Office at (202) 537-7484.

 

Real Estate

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.

 

Setting Up a Donor Advised Fund

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.  

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Leave a legacy through your planned giving
Bequests: Giving through your will or living trust
Beneficiaries: Equipping ministry through your banking, retirement accounts, or insurance policies
Life-Income Gifts: Providing for your future, and the future of the church
Assets: Giving securities, personal property, and real estate
Donor Advised Fund: Give a gift that keeps on giving
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