This information has been prepared by the members of the Planned Giving Committee. Formed by the Session and working closely with the Stewardship Committee, this small group seeks to provide important and helpful information to the Nassau Church family.
We trust you will find the material relevant to your ongoing discernment about how to be generous and faithful with your assets now and in the future. God has blessed this congregation with a historic witness to the Gospel in the community of Princeton. You and I have benefited from the foresight and generosity of those who have gone before us.
We believe that God will continue to be faithful to Nassau Presbyterian Church for generations to come. We invite you to prayerfully consider how to support this work of ministry as it is carried out by those who will respond to the call of Jesus Christ in the years ahead.
David A. Davis, Pastor
Continuing the Legacy
Those of us who know and love Nassau Presbyterian Church have an opportunity to help serve its special spiritual mission for future generations well beyond the 250th Anniversary of Presbyterians in Princeton. Planned Giving options are designed to help Nassau Church meet its outreach and mission initiatives, preserve the church building, and endow the future for the benefit of those who follow us. Through Planned Giving, you can help yourself, your church, and future generations. At the same time you may also receive favorable tax benefits.
We offer these choices to help parishioners and friends of Nassau Church invest in its future and learn how to maximize the value of their financial commitment to the church. Help is available with estate planning which allows charitable interests and financial needs to go hand in hand.
All gifts for the future of Nassau Church are welcome regardless of form or size and are deeply appreciated, as are continuing gifts and pledges to the Annual Fund. We encourage you to discuss your plans and wishes in confidence.
You should always consult your financial advisor, accountant, or lawyer before making any donations of property, appreciated securities, or a substantial amount of cash.
Ways to Give
Gifts of Cash
The simplest way you can contribute to Nassau Presbyterian Church (Nassau) is to make an outright gift of cash, the full amount of which may qualify as an income tax deduction.
Gifts of Appreciated Securities
Giving long-term appreciated securities to Nassau provides two income tax benefits: no capital gains tax is imposed on the appreciated portion of the gift, and you may claim an income tax charitable deduction based on the stock’s fair market value at the time the gift is made. Because you can avoid the capital gains tax, it is always more advantageous to contribute appreciated securities directly rather than selling the securities and donating the proceeds.
Gifts of Closely Held Stock
You can also give stock in a closely held business to Nassau. Stocks that are not publicly traded require special processing and a qualified appraisal obtained by the donor.
Other Outright Gifts
A gift of real estate may consist of a full or partial ownership interest in almost any type of real property: residence, vacation home, farm, commercial property, or undeveloped land. As with securities, a gift of real estate can generate an income tax charitable deduction and may provide you a capital gains tax savings.
You may also give items of marketable, tangible personal property such as works of art or antiques.
Deferred Ways to Give
Bequests
You are encouraged to include a bequest gift to Nassau in your will. This can be a percentage or a specific portion of your estate. You can also designate Nassau as the beneficiary of your IRA or a portion of your IRA.
Gift Annuities
You can make a gift of cash or securities to create a Charitable Gift Annuity for Nassau and in return receive a fixed annual income for life. The amount of the annuity paid to you and the amount of the income tax charitable deduction depends on your age at the time of the gift.
Charitable Remainder Trusts (Unitrusts and Annuity Trusts)
A unitrust pays a variable amount of income to you and/or a designated beneficiary. An annuity trust pays a fixed annual income. In each case, after the death of the beneficiary, Nassau receives the remainder. These trusts provide tax savings, asset diversification, and income for life.
Charitable Lead Trusts
You can make a gift to Nassau by placing assets in a trust which provides that trust income be paid to Nassau for a term of years. When the trust terminates, the principal can revert to you or your designated beneficiaries, typically children or grandchildren. The charitable lead trust can offer significant gift and estate tax savings.
Gifts of Life Insurance
An insurance policy may be an attractive asset to designate as a gift to Nassau. Contributing ownership of a fully paid-up life insurance policy can enable you to make a larger gift and obtain favorable tax benefits. It is also possible to use a current life insurance policy to make a gift to Nassau.
Next Steps
Contact the church office to discuss options for giving.