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Time to Shine

As followers of Christ we have the opportunity, as well as the responsibility, to radiate God’s transforming light throughout the world.

The annual General Fund budget provides the financial foundation and energy for our ministries to shine God’s light. Everything described in this magazine depends upon the General Fund budget in some way. Since nearly 85% of the budget comes from member contributions, you empower us to brightly shine.

Second Presbyterian Church is already a powerful light in our community. Thank you for the many ways in which you already support our ministries.

As we look to shine even more brightly in 2020, will you prayerfully consider beginning, renewing, or increasing your financial support? To ensure that Second’s ministry continues to shine ever more brightly, we are seeking a 5% increase ($200,000) in member contributions. This will enable us to deepen our practices of hospitality and evangelism, effectively engage both first-time guests and long-time members, expand our leadership in community ministries, and strengthen our staff team as we live into our calling to be a welcoming community of faith where Jesus Christ transforms lives.

Setting a giving goal and making a pledge is an important spiritual discipline in which we intentionally and prayerfully consider how to be faithful with our financial resources. With a giving goal we are better able to follow the Biblical instruction to give “of our first fruits” rather than from what is left over. A goal will help us track our progress during the year. Finally, a goal can help us determine how much to give. Many people have discovered that proportional giving (a percentage of annual expenses or income) is most helpful. The Bible speaks of a tithe (10%) as a worthy goal.

Setting a giving goal and making a pledge also helps church leaders to more effectively prepare and manage our annual budget.

Commitment Sunday is October 27. Express your goal using the online form. Together, we will be an even more powerful beacon of God’s love.

2020 Giving Goal
Submit Online Today.

2020 Giving Goal

Set Your Giving Goal Now

IRA Contributions
Rollover Provision and Beneficiary Designation

Transforming Lives Through Your IRA!

Have you saved for your retirement through an IRA (Individual Retirement Account), only to discover that you don't need the additional income right now?

That's a nice place to be!

You might prefer to keep your funds in the IRA so they can grow toward your future needs. But after age 70 1/2, you are required to take a minimum distribution from your IRA whether you want/need to, or not.

And this distribution is subject to income tax.

The Basics

Recently, the IRA Rollover Provision was extended by Congress. This allows taxpayers over 70½ to make a tax-free contribution directly from their IRA to a charity, like our church.

The amount directed to our church counts toward your Required Minimum Distribution, but it is not subject to income tax.

What a great way to support our mission while saving income taxes at the same time!

If you have already been supporting Second Church through your IRA, thank you!!! You'll be pleased to know that the Rollover Provision has been extended without an expiration date!

People Who May Benefit Are Those:

Who are over "70 1/2" years old and required to take minimum withdrawals, but do not need the income.
Who do not itemize deductions and therefore do not receive a tax benefit for their charitable contributions.
Whose major assets reside in their IRAs and who wish to make a charitable gift to the church during their lifetime.

IRA Beneficiary Designation

Your IRA assets can also support the work of our church far beyond your lifetime. There are several ways to do this.

You can make Second Presbyterian Church the beneficiary of your IRA.
Second Presbyterian can be a partial beneficiary, receiving a percentage or fixed dollar amount of your IRA.
Our church can be a contingent beneficiary. After providing for your family and loved ones, the church can receive a contribution from your IRA.

Please remember it is always important for you to consult with your professional advisers before taking any action.

Please call if you have any questions,

Dr. John Koppitch

Director of Stewardship and Endowment

Second Presbyterian Church

317-202-2252

Sharing your financial resources.

Sharing Your Financial Resources

Each of us has three “pockets” of resources from which to make charitable contributions.

We have an Income Pocket of resources, which, as its name implies, consists of our income. Typically, we use this pocket when we contribute weekly/monthly/quarterly or annually to the church General Fund. Our pledge to the church, based on a percentage of income, comes from this pocket. We may also use this pocket for gifts to a special cause (like Christmas Benevolence or Souper Bowl Sunday).

Each of us has an Accumulated Assets Pocket. This includes savings, Certificates of Deposit, stocks, cash value of an insurance policy, annuities, an inheritance, real estate, etc. We may use this pocket when contributing to the General Fund of the church, determining our annual pledge, or making a special gift or planned gift.

Finally, whether we think about it or not, each of us has an Estate Pocket of resources. Precisely because we cannot “take it with us” when we die, each has an estate that will be divided up and distributed somehow. We manage this pocket by having a will and including the church in that will.

For more information on how to contribute from each of these pockets, please contact Dr. John Koppitch.

Planned Giving
The Beecher Society

Planned Giving

Gratitude
Give thanks to the Lord For He is good; His loving kindness endures forever. - Psalm 107:1

Thoughtfulness
Giving in sensible and effective ways will maximize the size of your gift and may minimize your tax burden.

Download the Planned Giving brochure.

How to make a Legacy Gift

GIFTS NOW

Appreciated Securities (or other assets): The gift of appreciated securities is most often in the form of common stock or mutual funds. Such a gift is a valuable way to benefit Second Presbyterian Church and for you to receive tax benefits based on the fair market value of the assets. Other appreciated assets, like real estate, may be gifted, but it is important to discuss these in advance with Second Presbyterian Church.
Charitable IRA Rollover: A giving opportunity for those over 70½: Federal legislation may allow you to make tax-free distributions from your IRA directly to Second Presbyterian Church. This distribution is not included in your adjusted gross income, but does qualify in meeting your annual required minimum distribution. Before making a distribution, check with your investment or tax professional.
Real Estate: Real estate may be deeded outright to Second Presbyterian Church or left by bequest. The irrevocable gift of property may provide an immediate tax deduction and avoid capital gains. Due to complexities, be prepared to work with Second Presbyterian Church and qualified advisors to ensure that this is a suitable gift for both you and for Second Presbyterian Church.
Life Insurance: Make a gift or buy a policy making Second Presbyterian Church the owner and beneficiary.

GIFTS THAT PAY INCOME

Charitable Gift Annuity: The gift annuity is an irrevocable gift of cash or securities where you receive a predictable fixed income for life. At termination, Second Presbyterian Church receives the residual value of the annuity. There are also potential tax benefits depending upon your particular situation. You may request your own customized sample through the Presbyterian Foundation at (800) 858-6127.
Charitable Remainder Trust: The remainder trust is an irrevocable gift of assets into a charitable trust that provides you a fixed (Annuity Trust) or variable (Unitrust) income for life or for a set term. At the trust’s termination, the trust assets become a generous gift to Second Presbyterian Church. There are also potential tax benefits dependent upon your situation.
Charitable Lead Trust: The lead trust’s income payments are distributed to Second Presbyterian Church for a set period of years, after which the assets are transferred back to the grantor or whomever the grantor has named the beneficiary. This provides generous annual support for Second Presbyterian Church now, removes the asset from the estate and passes an asset to a designated beneficiary with little or no tax.

GIFTS LATER

Bequest: The bequest is a gift through your will or revocable trust that enables you to retain the asset during your life and provide significant support when you no longer require the asset. You may choose a specific item, a percentage, or a residual bequest. You may also choose to make Second Presbyterian Church a contingent beneficiary in case the heirs are unable to receive the estate.
Retirement Plan Assets: In some cases, retirement assets can be the heaviest assets taxed in an estate. Naming Second Presbyterian Church as beneficiary can avoid that taxation, enabling the asset to pass tax free to Second Presbyterian Church. You may also designate Second Presbyterian Church a percentage beneficiary or a contingent beneficiary of a retirement plan.
Bank or Investment Account: Financial accounts can be a simple and inexpensive way to leave a legacy gift for the Second Presbyterian Church. Contact your financial advisor to see how easy the process is to make Second Presbyterian Church beneficiary of a particular investment or bank account.

Thank you for considering a legacy gift to Second Presbyterian Church.
Please consult with your professional advisers on how this gift would fit into your overall plans.

You are cordially invited to join the Beecher Society.

The Beecher Society is composed of faithful members who have made a provision for a gift to the Endowment Fund of Second Presbyterian Church in their will or estate plan. Founded in 2007 to increase awareness of the vital role of the Endowment Fund in extending the outreach and ministry of Second Church, the Society is named in honor of our first pastor, the Rev. Henry Ward Beecher.

NEXT STEPS:

IF YOU ARE STILL EXPLORING:

Speak with your financial and legal advisors.
Contact Rev. Dr. John Koppitch (317-202-2252, jkoppitch@secondchurch.org)

IF YOU HAVE ALREADY MADE A PLANNED GIFT FOR THE CHURCH:

Please contact Dr. Koppitch and share the information with us so that we may THANK YOU!

Serve At Our Church

Give of your time and talents at Second Presbyterian! Volunteers are needed on Sundays and throughout the week.

Your Gifts in Action

The single-most effective gift you can make is to the General Fund. This supports all our core ministries of worship, mission, discipleship, fellowship, and giving of our congregation.

Because of your generosity: