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Long Term Giving – The KUC Endowment Fund

Stewardship : Long Term Giving – The KUC Endowment Fund

Welcome to Kenilworth Union Church Planned Giving

Thank you for your interest in supporting Kenilworth Union Church. Through the ministry of planned giving, we have a powerful opportunity to ensure that our most sacred values and commitments are part of the legacy we leave behind for future generations. Since planned gifts generally come from the accumulated assets of our lifetime, it is an opportunity to make a lasting statement of support for a ministry dear to our hearts.

Planned giving can be as simple as adding a bequest to Kenilworth Union Church in your will or making the Church a beneficiary of a personal trust, individual retirement account, or life insurance policy.

The Kenilworth Union Church accepts all planned gifts with gratitude. However, unrestricted gifts in cash or liquid assets provide the Kenilworth Union Church with the most long-term flexibility and will be directed towards the Kenilworth Union Church Endowment Fund to continue the legacy of our church and for major capital projects in the future. Your benevolence would ensure the continuation of the good works of KUC for generations to come.

What is a bequest and how is it used in making a Planned Gift to the Kenilworth Union Church?

A bequest is one of the easiest gifts to make. Simply put, it is a provision in either your will or your living trust which provides that all or a portion of your estate is to pass to a charitable organization such as Kenilworth Union Church. This provision will take effect upon death of the donor.

A bequest may be made in several ways:

Through a will or a trust
Through a life insurance policy or an individual retirement account (IRA) by designating KUC as a beneficiary
Other methods that can be explored between you, your advisor, and KUC

Making a Bequest through your will or trust

With the help of a legal advisor, you can include language in your will or trust specifying a gift to be made to the Kenilworth Union Church as part of your estate plan. It can be designated as a specific dollar amount, as a specific asset, or as a percentage of your estate. Such bequest is fully deductible for estate tax purposes at the time the bequest if fulfilled.

Making a Bequest of Your Retirement Assets

A retirement asset, such as an IRA account, makes an excellent bequest to us. If the IRA were given to your family, much of the value may be lost through estate and income taxes. By designating a charity as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.

Making a bequest of your life Insurance

Kenilworth Union Church can be named as the beneficiary of a policy. This provision will not provide any current tax advantages, but the money passing to the church at the time of the insured’s death will qualify for the federal estate tax charitable deduction.

Acknowledgment of Gifts – the Gift of Legacy Society

If you choose to direct a bequest to Kenilworth Union Church, we encourage you to share your plans with us. We would like to recognize your generosity through membership in the Gift of Legacy Society, which would include recognition in the Gift of Legacy Society plaque and Planned Giving Newsletter. Of course, your gift can be made anonymously as well. Knowing your intentions, we are able to ensure that when the time comes, the church understands and can abide by your bequest intentions.

How Do I Explore Planned Giving?

In addition to consulting with your legal, financial and tax advisors, please contact Kenilworth Union Church at 847-251-4272 and ask to speak with Tom Lillard, Chairman of Planned Giving, or Dr. Andrew Chaney, Senior Minister.

“So let each one give as he purposes in his heart, not grudgingly or of necessity; for God loves a cheerful giver.” 2 Corinthians 9:7