Planned Giving

THE WELLSHIRE ENDOWMENT

“And God is able to provide you with every blessing in abundance, so that by always having enough of everything, you may share abundantly in every good work.” -2 Corinthians 9:8

Planned giving is an opportunity to incorporate our faith and values into your long-term financial plans. By including Wellshire in your estate plans, you can make a profound difference in the lives of those who will walk through our doors in the years to come. It’s a way to ensure that the ministries, programs, and outreach that have shaped our lives will continue to touch the lives of others.

Wellshire’s Endowment Fund is a professionally managed portfolio that is maintained and invested for the benefit of the church.
The purpose of the Endowment Fund is to help strengthen the vitality and financial soundness of Wellshire far into the future.

Through the Endowment Fund, we honor Christ by providing sustainable financial resources for mission, ministry and facilities, while providing an opportunity to enrich our own individual faith through community support well beyond our physical lifetime.

All funds placed in the Wellshire Endowment are professionally managed by the Texas Presbyterian Foundation. Investment results are reviewed regularly by the Endowment Committee.

WE’RE HERE TO HELP

There are many ways to benefit those you love and also the church, but gifts of this nature take careful planning. Your professional advisors are your best resource in developing gift planning solutions to meet your charitable intent and tax planning strategies. Our church leadership can also be an important resource in helping you decide what legacy you would like to leave for the continued ministry of Wellshire Presbyterian Church.

Planned Giving at Wellshire is managed by the Wellshire Planned Giving Committee. Please contact Director of Operations, Kathleen Eckert with questions. All discussions are kept strictly confidential.

The Texas Presbyterian Foundation (TPF) can provide resources and guidance on making planned gifts to Wellshire website or by calling them directly 800-955-3155.

Ways to Make a Planned Gift

There are a number of ways to make planned gifts to the Wellshire Endowment or directly to the church for current ministry.

Wills or Living Trusts

A gift made through your will or trust (charitable bequest) allows you to retain assets during your life, while leaving a faithful legacy for the ministry and mission activities of our church. Consider giving a percentage of your estate, or listing a specific amount, which allows you to support loved ones, as well as supporting future generations at Wellshire.

Marketable Securities

Appreciated securities, most often stocks or mutual funds, often provide a tax benefit based on the fair market value through a reduction in capital gains taxes, while greatly benefiting the church.

Donor Advised Funds & Family Foundations

A donor advised fund or a family foundation allows you the flexibility to recommend how much and how often grant money is provided to Wellshire to fund your annual pledge, special gift, capital campaign gift, or an endowment gift.

IRA Qualified Charitable Distribution (QCD)

If you are required to take a required minimum distribution (RMD) from your IRA, you can instead roll the distribution over directly to the church, and the distribution will not be included in your adjusted gross income for the year.

Charitable Trusts

Both Lead Trusts and Remainder Trusts can benefit the church, while also creating a tax savings strategy. More complicated than other non-cash assets, your professional advisor can best advise you as to the value of this charitable gift option.

Beneficiary Designations

Please let the church know you have made Wellshire a beneficiary of the following types of accounts so we are aware of how you would like your gift to be used when it is received:
• Bank, Certificates of Deposit, or Brokerage Accounts: list Wellshire as the beneficiary through a Payable on death (POD), or Transfer on death (TOA) designation. State laws govern POD and TOA accounts.
• Commercial Annuities: similar to retirement plans, commercial annuities provide tax-deferred growth while the donor is living and distributions are subject to income taxes. List Wellshire as the beneficiary and the church will receive your annuity completely tax-free.
• Life Insurance: list Wellshire on the beneficiary designation form with the policyholder as a primary beneficiary for a percentage or specific amount, or as the contingent beneficiary to receive the balance of your policy if your primary beneficiary does not survive you.
• Retirement Accounts: Employee Retirement Plan, IRA, or tax-sheltered annuities: leave your retirement plans to Wellshire and leave your loved ones less heavily taxed assets.