Open Door Endowment
We have established the Open Door endowment under the United Pentecostal Foundation to provide funds when a door of opportunity opens for evangelism where we do not have a work or contacts.
The Foreign Missions Division and Stewardship Department of the United Pentecostal Church have joined efforts to raise funds for world evangelism. We have established the Open Door endowment under the United Pentecostal Foundation to provide funds when a door of opportunity opens for evangelism where we do not have a work or contacts.
The Apostle Paul refers to a great door that had opened in 1 Corinthians 16:9. “For a great door and effectual is opened unto me, and there are many adversaries.”
John writes about doors that only God can open in Revelation 3:8. “I know thy works: behold, I have set before thee an open door, and no man can shut it: for thou hast a little strength, and hast kept my word, and hast not denied my name.”
When doors of opportunity open suddenly we must be prepared to act quickly.
We do not have the time to interview a potential missionary candidate, send them on deputation for many months to raise a budget to get them to the field. We need to be able to place men and materials on location quickly. The Open Door Endowment will provide the financial resources necessary to take advantage of evangelistic opportunities quickly.
We are asking you to consider placing funds on deposit in the Open Door Endowment to take advantage of these opportunities. You may place funds in the Open Door Endowment in the following ways:
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 Open Door Endowment.
LIFE INSURANCE GIFT: Donors can name the Foreign Missions Open Door 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 Open Door 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 donor 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.
