Ways to Give

Remembering the United Methodist City Society in your will or through other planned ways is a powerful way to make a long-term difference in the lives of those in need.

Planned Giving is an opportunity for people like you who care deeply about changing lives and building community – and want to continue doing this even after your lifetime.

Design Your Gift

Click on the icons below to learn more

Stocks & Securities

Caring for estates and assets often requires help. Consult with your professional advisor to ensure a particular planned gift fits your situation.

To make a planned gift or to learn more, contact:

Jessica Ellis at 212-870-3093 or jellis@umcitysociety.org

UMCS welcomes gifts, stocks, and other securities. In addition to helping those in need, a gift of an appreciated investment can provide valuable tax benefits related to capital gains, charitable deductions, and retirement income. Such gifts are an excellent way to minimize tax liabilities and maximize philanthropic giving.

Bequests (Giving by will)

A Bequest is a gift made through a will or a living trust. It’s the most popular planned gift, the easiest to make, and costs nothing during a donor’s lifetime. A Bequest can be included in a new will or added to an existing will or living trust through a simple amendment— often without the expense of hiring a lawyer. A Bequest is usually a set dollar amount or percentage of an estate that goes to the United Methodist City Society after the donor’s death.

Including a gift to UMCS in your will is easy. Provide your attorney or include our official name and tax identification number in your document and your specific intentions. Suggested language is below:

“I give to the United Methodist City Society, a New York nonprofit corporation, or its successor, that is recognized as exempt from tax under Section 501(c)(3) of the Internal Revenue Code, and whose Tax. ID number is 13-5562419, with its principal offices at 475 Riverside Drive, New York, NY, the sum of $_________ for its general purposes.”

Make a Gift by Beneficiary Designation

Retirement Plan

Many people do not know that when retirement plans such as pension funds, 401ks, 403bs, and IRAs are left to an individual other than a spouse, they can be subject to income taxes and estate taxes.

If given to the United Methodist City Society, these funds would escape all income and estate taxes and reduce the size of your total taxable estate. The City Society would receive 100% of the remaining benefit in your retirement plan, whereas your heirs may receive only a portion of the benefit.

Life Insurance

If you own a life insurance policy that is no longer needed to protect your family or for other purposes, you may use it to make a gift to the United Methodist City Society (UMCS). One way to give a life insurance policy is to name the UMCS as the owner and irrevocable beneficiary of the policy. In doing so, you qualify for an income tax deduction for the cash value of the policy. The policy conversion terms are subject to review. Alternatively, you could name the UMCS as the beneficiary of the policy. In this case, your estate would be entitled to an estate tax deduction equal to the policy’s value.

Financial Accounts

Many people’s primary assets are held in savings, checking, and brokerage accounts. Naming the United Methodist City Society as the beneficiary of these assets incurs no cost to you and allows whatever balance (or portion thereof) remaining to pass to the City Society at your death.

Completing the Designation

Naming the City Society as a beneficiary of any of the abovementioned gift types is easy: Contact a representative of the institution that manages your account or policy and request a “change of beneficiary form.” You will need the following information: Name: The United Methodist City Society. EIN:13-5562419.

IRA Rollover

If you are 70½ years old or older and have a traditional Individual Retirement Account (IRA), you can use your required minimum distribution (RMD) to support The United Methodist City Society (UMCS) through an IRA Charitable Rollover gift. You will pay no income taxes on the gift from your RMD. Alternatively, under the SECURE Act, you can elect to push your RMD until age 72.

To Qualify

You must be 70½ or older at the time of your gift
The transfer must go directly from your IRA to UMCS
Your total annual IRA gift(s) cannot exceed $100,000
Your gift must be made by December 31

Next Steps

Contact your IRA administrator
Ask that your RMD distribution be a direct charitable rollover to:
The United Methodist City Society
475 Riverside Drive, Suite 1922
New York, NY 10115
Please make sure that your name and address are included in the funds transfer

Donor-Advised Funds (DAFs)

DAFs

DAFs are an increasingly popular charitable vehicle whereby individuals set aside money to be granted to charitable organizations. DAFs can simplify your charitable giving and facilitate your philanthropic goals.

Clients of Fidelity Charitable, Schwab Charitable, and BNY Mellon can easily initiate fund dispersal through the DAF Direct window on this page. If your DAF is not listed, contact your DAF directly and reference our EIN: 13-5562419. This is a planned gift when donors leave the organization as the beneficiary.

Mailing Address: 475 Riverside Drive, Ste. 1922, New York, NY 10115
EIN: 13-5562419

Endowments

Endowments provide donors with opportunities to create living legacies. When you create an endowment, you touch the lives of future generations. Your gift is immediately invested and, when fully funded, produces annual income to support the endowment’s purpose for years to come. A general support endowment can be established with a minimum gift of $25,000.
-In the second paragraph, second sentence, add “reductions in government funding, grants, or donations…

While cash gifts for current use are vitally important, endowments are the bedrock of all great nonprofit organizations. They provide certain, steady support in perpetuity. Funds invested in the United Methodist City Society help to offset reductions in government funding or donations and enable us to plan with greater predictability than otherwise possible.

Real Estate

Contributing property after your lifetime or when it is no longer needed can be a game-changing gift. A donor can make a Gift of Real Estate to the United Methodist City Society, removing a large taxable asset from their estate and benefit by receiving an income tax deduction equal to the appraised fair market value of the property, with no capital gains tax due on the transfer. The United Methodist City Society can then sell the Gift of Real Estate or keep it for its own use.

What Can Your Contribution Achieve?

Donation

Take Action

Caring for estates and assets often requires help. We suggest you consult with your professional advisor to ensure a particular planned gift fits your situation.

Ways to Give

Design Your Gift

Stocks & Securities

Endowments

IRA Rollover

Bequests

Beneficiary Designation

Real Estate

Donor-Advised Funds (DAFs)

Donate

Stocks & Securities

Bequests (Giving by will)

Make a Gift by Beneficiary Designation

Retirement Plan

Life Insurance

Financial Accounts

Completing the Designation

IRA Rollover

Donor-Advised Funds (DAFs)

DAFs

Endowments

Real Estate

$250 Donation

$500 Donation

$1500 Donation

Take Action

Caring for estates and assets often requires help. We suggest you consult with your professional advisor to ensure a particular planned gift fits your situation.

To make a planned gift or to learn more, contact:

Shante Thomas at 212-870-3938 or sthomas@umcitysociety.org or

Jessica Ellis at 212-870-3093 or jellis@umcitysociety.org

(212) 870-3084

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