A Guide To Planned Giving
Gifts from your estate are an excellent way to make a contribution to the church that will Build Kingdom for years to come. Should you desire to support TCCN with a gift from your estate, please follow these simple guidelines.
WILLS AND LIVING TRUSTS:
Including TCCN in your Will or Living Trust will continue your call to support after your lifetime. No charitable gifts can be made from your estate without a stated designation through a will. To do so, please use the following bequest language:
“I, [name], give, devise and bequeath to Tampa First Church of the Nazarene DBA Tampa Community Church of the Nazarene, the sum of [$ ______ or ____ % of my estate].”
LIFE INSURANCE & INVESTMENT AND RETIREMENT ASSETS:
Retirement assets are tax-deferred accounts intended to promote savings for retirement. You can name TCCN as your primary or contingent (secondary) beneficiary on your investment accounts. Please consider reviewing your beneficiary information and designating Tampa Community Church of the Nazarene as your primary or contingent (secondary) beneficiary on your 401(k), 403(b), IRA, Annuities, or Life Insurance policy.
Because most retirement plans are tax-deferred and therefore subject to income tax to your beneficiaries, retirement assets make ideal gifts to TCCN. Naming TCCN as the beneficiary of retirement assets upon death generates no income taxes.
These assets require separate beneficiary forms. The beneficiaries of these assets can be easily modified at any time to meet your changing needs. For workplace accounts, you may be able to make your designation online or through your HR department. For private accounts, you can contact the investment company to request a beneficiary designation form.
Please use the following language:
“I designate Tampa First Church of the Nazarene DBA Tampa Community Church of the Nazarene to receive the sum of [$ ______ or ____ % of my account/policy].”
LIFETIME GIFTS FROM IRAS:
If you are at the age where you must take IRA distributions, you can give up to $100,000.00 per year to Tampa First Church of the Nazarene DBA Tampa Community Church of the Nazarene tax free. It is called a Qualified Charitable Distribution or QCD.
BANK AND INVESTMENT ACCOUNTS:
You can also, at your passing, transfer your bank, credit union and regular investment accounts to TCCN. You can do this by putting a POD (Payable on Death) or TOD (Transfer on Death) designation on those accounts to Tampa First Church of the Nazarene DBA Tampa Community Church of the Nazarene. Ask your financial institution for assistance with this.