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What is the purpose
of the New Mission Endowment Fund?
It’s purpose shall be to receive gifts and bequests to be used for
the new mission outreach of the Pacifica Synod-ELCA. The fund exists
separate and distinct from the annual operating budget of the Synod.
The fund is also for the future of new mission outreach. The fund
was created to build a solid foundation within the Pacifica Synod.
How will the fund’s assets be used? It’s assets will be applied
to the development and expansion of new missions within the Pacifica
Synod.
Are there tax advantages to giving to the fund? There are
tax advantages to making a gift to the fund. The advantages that
donors enjoy may depend on the amount and nature of the gift. Donors
are encouraged to consult with their personal accountant or tax
advisor.
What are the Benefits?
Create
a lasting legacy that allows you to express your faith.
Avoid capital gains by gifting an appreciated asset.
Reduce estate
taxes equals more dollars going to your heirs.
Immediate charitable
deductions.
Create a possible
increase in income to you and your family.
Reduce assets
subject to probate.
How do I make a gift to the fund? The fund is able to receive
many forms of gifts and bequests involving almost any kind of asset.
A few of the more common ways to give are:
Cash.
Gifts can be made at one time or on a periodic basis.
Stocks,
bonds and other securities. Gifts of appreciated stocks and
bonds (including U.S. Savings Bonds) often provide significant tax
advantages for the donor.
Tangible
personal property. Gifts of saleable personal property could
include artwork, jewelry and coin collections
Trusts.
Through a trust you may give to the fund during your lifetime or
upon your death.
Real
Estate. Gifts could include homes or remainder interests in
real property.
Wills.
You may make a gift to the fund of any property through your
will. This permits you to specify the nature and extent of a gift
that will be made upon your death. Without a will, the State will
determine how your assets are distributed.
Life
insurance policies. Donors may purchase a new policy or donate
an existing policy with the fund as owner or beneficiary.
Retirement
plans, IRAs, 401(k)s. The fund's committee will be happy to
assist donors with any necessary paperwork.
Charitable
remainder trusts. Substantial gifts can be made to the fund
in trust and the donor receives annual cash payments from the trust
assets.
Charitable
gift annuity. Donors can create an annuity to provide regular
income payments through a sizable gift to the fund.
How can I get more
information about the fund? You are encouraged to contact the
Pacifica Synod office for more information and answers. You may
also be interested in reviewing the fund's Gift Acceptance Policies,
Investment Policies and Disbursement Policies.
At your request a committee
member will confer with you about making a gift or bequest to the
fund. Donors are encourages to consult their attorneys when preparing
or amending their wills or estate plans.
Your gift to the New
Mission Endowment Fund is a gift to the future of the Church. It
fulfills, in part, your opportunity as a Christian to respond to
God’s gifts to you.
Can I make my gift in memory of someone? Gifts of any kind
can be made in memory of on honor of some.
Who administers the
fund? The Endowment Committee, elected by the Synod Assembly,
administers the fund and is under oversight of the Synod Council.
FROM
BISHOP MURRAY FINCK
Intimately connected with the heart of the Gospel
of God's saving grace is Jesus' call that we share that Good News
to the ends of the earth. New mission congregations consistently
have been one of the Holy Spirit's best means of bringing people
into the Christian faith and Church. The mission fields within the
territory of the Pacifica Synod are plentiful and abundant with
people and needs. There is wonderful opportunity for planting and
sowing the message of God's love, and the Spirit will bring many
to Christ. Partnering and striving together, we are able to do that
which we could not do alone. This fund, when generously supported,
will allow new ministries to be developed and will fulfill Jesus'
commission. More will know Christ. His Word will be shared, and
his Church will grow and thrive.
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