Ways to Make a Legacy Gift
A gift of any size is significant. The best gift is one that is appropriate for your particular circumstances. A Legacy Gift can be structured to benefit the donor or Westminster during the donor’s lifetime, or, to benefit Westminster at the death of the donor (some examples are listed below):
Bequest in your will: A bequest is the simplest and most common type of Legacy Gift, for example: “I give and bequeath to Westminster Presbyterian Church at 1200 Marquette Avenue, Minneapolis, Minnesota, 55403, the sum of $______ OR ____ percent of my remaining estate, for Westminster Presbyterian Church’s Endowment Fund.” Westminster's Federal Tax Identification Number is 41-0695506. Read more...
Charitable Gift Annuity*: A gift of $10,000 or more is invested and the donor receives a guaranteed payment for life based on the donor’s age at time of gift. Read more...
Insurance: An existing or a new insurance policy may be donated.
401K Retirement Benefit Plans and IRAs: Benefit plans and IRAs donated to Westminster may provide important tax savings to the donor. Read more...
Stocks, bonds, real estate, and property: Property that has appreciated allows a tax deduction for the current market value without incurring tax on the capital gain.
To learn more about these and other ways to make a Legacy Gift, click here.
* Gift plans that pay life income are usually administered for Westminster Church by the Presbyterian Church (USA) Foundation.