We are to give our tithes wherever we regularly worship the Lord—not only to care for the church building and those who work there, but to support the expansion of His kingdom by spreading the gospel and ministering to the community for His name’s sake.
Remember this: whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously. Each man should give what he has decided in his heart to give, not reluctantly or under compulsion, for God loves a cheerful giver…(2 Cor. 9:7-14)
The definition of a planned gift to Covenant Presbyterian Church is straightforward: Any gift made, during the donor’s lifetime or at death, that is part of the donor’s overall financial or estate planning.
What a planned gift can mean spiritually, though, is far more than that simple definition conveys. A planned gift is an opportunity to express the values you hold dear and can be an extension of your faith and practice. With such stewardship, you can choose the legacy you would like to leave at Covenant.
Planned gifts can be made in a series of smaller installments or as one single gift. They can be as easy as changing a beneficiary designation or as complicated as a charitable remainder trust.
Many planned gifts use estate or tax planning techniques to maximize the gift and minimize its impact on the donor’s estate. In contrast, gifts to Covenant’s operating and building funds come from the donor’s discretionary income, and while they may be budgeted, they are not considered planned gifts.
Whether the planned gift involves cash, stocks, bonds, mutual funds, real estate, artwork, partnership interest, personal property, life insurance, a retirement plan or other assets, the benefits of funding a planned gift can make this type of charitable giving very attractive to both the donor and to Covenant.
“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