For over 300 years, God has blessed the Pennington Presbyterian Church with a faithful, generous congregation.
In addition to annual pledges, a lesser known, but very important way we support the church’s day-to-day work and special ministries, has been income generated by our church’s endowment. Our endowment is established to receive donations and estate gifts from members and friends. Your endowment gift:
- May continue in perpetuity the funding of meaningful projects through investment returns, or utilized right away depending how one designates;
- Enriches the church’s mission and ministry beyond the annual budget;
- Is prudently invested in New Covenant mutual funds (affiliated with the Presbyterian Church USA);
- Is recognized and celebrated with the church’s “Legacy Circle.” Contact the church office for a Legacy Circle booklet with details.
These types of gifts, also known as “planned or legacy giving,” demonstrate one’s belief that we are only temporary guardians of the gifts entrusted to us by God. It expresses gratitude for the generosity of the saints before us and declares to current and future generations the importance of our faith and trust in our Lord and Savior, Jesus Christ.
Prayerfully Consider Arranging a Legacy Gift Now
A gift of any type and size is significant, and the best gift is whatever may be appropriate for you. You may wish to:
- Memorialize a family member or loved one
- Include Pennington Presbyterian Church in your will
- Join the church’s Legacy Circle
Gifts of Cash
The simplest way you can contribute to Pennington Presbyterian Church 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 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 proceed
Other Outright Gifts
A gift of real estate may consist of 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.