Administrative Endowment
The Stewardship Department of the United Pentecostal Church International has made it possible for us to continue to support our local church and worldwide ministries while we live and after we are gone to be with the Lord. They are working in cooperation with the Foreign Missions Division to raise funds for an Administrative Endowment.
The purpose of this endowment is to permanently fund the administrative cost to operate the Foreign Missions Division, thus reducing the amount contributed from missionary accounts. Our goal would be to have enough funds in this account to be able to totally pay for administration without any contributions from missionary accounts. This should greatly reduce the time a missionary must travel on deputation and speed their return to the field. We realize it will take time to fund this endowment to reach our goals, but we feel it is a worthy cause and is attainable. The Foreign Missions Division will only use the interest earned from this endowment and the principle will remain in the foundation continuing to provide funds for future use.
Types of gifts used to fund Foreign Missions Administrative Endowment:
OUTRIGHT GIFT: Donation of cash and appreciated assets such as real estate, stocks, bonds, mutual funds, and collectibles can offer donors the opportunity to make a continuous gift to Foreign Missions, avoid capital gains taxes, and receive income tax deductions.
CHARITABLE GIFT ANNUITY: Provides for a high fixed income return guaranteed for life with special tax benefits. At the end of the annuity, the balance comes to Foreign Missions.
CHARITABLE REMAINDER TRUST: Allows donors to sell an asset within the trust, free of capital gains tax, and provides income to designated beneficiaries with additional tax benefits. At the end of the trust, the “remainder” goes to Foreign Missions.
CHARITABLE LEAD TRUST: Allows donors to sell an asset within the trust, free of capital gains tax, and provides income to Foreign Missions for a designated period of time before the balance comes back to the donors or their estate. This also has special tax benefits.
LEGACY GIFT: Memorial and honor gifts through cash and assets or planned gifts provide a thoughtful way to make gifts in honor of special loved ones and friends.
DONOR ADVISED FUNDS: Offers donors the opportunity to establish a perpetual fund for giving to their favorite ministries and allows the donors the flexibility to continually decide where their gifts should go, including Foreign Missions.
RETAINED LIFE ESTATE: Donors can donate their home or farm and retain life estate or usage for their lifetime. They receive income tax deductions now and avoid capital gains taxes. At the end of their lives, Foreign Missions sells the property and places the proceeds in the Foreign Mission Administrative Endowment.
LIFE INSURANCE GIFT: Donors can name the Foreign Missions Administrative Endowment in the United Pentecostal Foundation as the beneficiary or beneficiary and owner of their policy. This can be a policy they presently own or a new policy they purchase as a gift. The donors might receive income tax deduction for the gift’s value, plus possible estate tax savings. The benefit is making a significant gift with little expense to the donor. Many times it is with insurance once needed for their family/estate that is no longer needed.
RETIREMENT PLAN GIFT: Donors can name the Foreign Missions Administrative Endowment in the United Pentecostal Foundation as remainder beneficiary after their death. This avoids income tax on the retirement plan and possible estate tax. The donors benefits by preserving their retirement plan’s value which allows them to leave other assets that are less costly in income taxes to heirs at their death.
