Gift Account
This account is used for needs in the church that are not adequately funded at the present time.

Building Maintenance's Urgent Needs Account
This account is concerned with repairs, replacement, and maintenance of Church equipment and the Church building.  Funding comes from individuals and Memorials.

Local Mission Outreach Account
This account will provide funds to help anyone in our local community who needs our help regardless of whether they are members of our church or not.  Pastor Schill is the contact person.  Disbursements are completely confidential.  This mission is funded by gifts from individuals, Memorials, and the Willing Workers.

James and Joanne Speas Estate Gift
This Gift will be of great benefit to the Community Church in the years to come.

Fellowship Hall Acoustics Account
Funds from this account will be used to improve the acoustics in the Fellowship Hall.    This funds was established with a $10,000 gift from a Donor who wishes to remain anonymous.

Mary Cromer Estate Gift Account
Mary Cromer gave funds to the Community Church in her will.   The Church Board entrusted the Church Foundation with the responsibly of investing these funds.    Because Mary Cromer did not leave instructions concerning how it was to be used, the Church Board must approve any disbursements.

The Foundation benefits the Community Church of Union by providing a stable reservoir of funds available which is not affected by the annual church contributions.  Maintaining the status quo and especially adding any services or resources often requires funding beyond the amount which is currently available.

Gifts to the Community Church of Union Foundation are Tax-deductible, and will be appropriately recognized as received.  This means that if you itemize, the actual cost is usually considerable less than the gift's face value.  For example, a donor who is in the 33 percent tax bracket would incur a net cost of only $67 for a $100 gift.  You also have the opportunity to make a wonderful investment
in your church and future generations with a lifetime gift or bequest to the Community Church of Union Foundation.

You may wish to make a gift to the Church Foundation.  The method selected by each donor depends upon his or her own motivation, financial circumstances, and tax position.

Giving cash is the simplest method, but if you contribute long-term appreciated securities or real estate, you have the added benefit of owing no tax on the gain in value.

Gifts by bequest are exempt from federal estate taxes.  Donors provide for the Foundation through their wills.   One advantage of giving gifts through your will is that if your situation should  change and you need these funds, all you need to do is revise your will. .                                              

Memorial gifts perpetuate a special person or family.  An endowment fund established at a person's death, and if the donor wishes, augmented by future gifts creates a lasting remembrance and aids Church programs.

Charitable Trusts can provide the donor and/or a loved one an income for life, freedom from investment responsibilities, an immediate charitable deduction and avoidance of capital gains tax on appreciated assets used to fund the trust.  This is especially useful when a donor needs more income from assets that have greatly increased in value over the years.  Selling the assets would result in a large capital gains tax which would substantiality reduce the value.  The Foundation could provide an annuity that would increase the donor's income.

A Living Trust, which is revocable, allows you to stay in control of your assets during your lifetime.  A donor can arrange a contribution through a living trust by naming the Foundation a beneficiary.  The trust assets bypass probate, so the terms are private.

The Church Board appointed the original directors of the Community Church of Union Foundation.  Current Directors are Ray Anderson, Jo Bates, Annamaria Hauser, James Speas, and Darlene Williams.

    For legal advice, consult an attorney.   This information is not intended to be legal  advice.                                                                          

                                                         Updated  02/21/2010                To Top of Page