Guide To Giving
YOUR GIVING
Many of you value the influence of McFarlin Church on your life and the community and want a way to continue the opportunities for others in the future. There are several ways for you to make those wishes come true.
Your gift may be directed to a particular program that reflects your interest or unrestricted in order to fill needs where they exist.
A Guide to Giving to the McFarlin Foundation
Bequest in Will - A gift you make by naming the McFarlin Foundation in your will. Tax benefit: Estate tax deduction for the value of your bequest to the McFarlin Foundation. Other benefit: Gives you flexibility in providing for your family's need first.
Life Insurance Gift - A gift of an old or new policy with the McFarlin Foundation named as beneficiary and owner. Tax benefit: Immediate income tax deduction for gift's value, plus possible estate tax savings. Other benefit: Provides a way to make a significant gift with minimul expenditure.
Retirement Plan Gift - A gift made by naming the McFarlin Foundation as remainder beneficiary after your death. Tax benefit: Avoids income tax on the plan, in addition to possible estate tax. Other benefit: Preserves the plan's value and reduces tax liability to heirs.
Charitable Remainder Annuity Trust- A trust that pays a set income to you or those you name before the McFarlin Foundation receives the remainder. Tax benefit: Income tax savings from deduction, no capital gains tax liability, possible estate tax savings. Other benefit: Provides fixed annual income for donor or other beneficiary.
Charitable Remainder Unitrust - A trust that pays variable income to you or those you name before the McFarlin Foundation receives the remainder. Tax benefit: Income tax savings from deduction, no capital gains tax liability, possible estate tax savings. Other benefit: Provides annual income that could increase if trust value increases.
Real Estate Gift - A donation of real property, either in full or with a retained life estate. Tax benefit: Immediate income tax deduction for the charitable value of the gift, plus no capital gains tax liability or recapture of depreciation. Other benefit: Allows you to live in your home and still receive a charitable deduction.