Electronic Funds Transfer (EFT) is a widely used form of moving funds from one place to another. A common example is when you have a check directly deposited into your bank account. Paying your pledge through EFT simply means that you authorize your bank or credit union to electronically move the amount you stipulate into the church’s account. For monthly pledges, you can select to have the money withdrawn on the 1st or 15th of each month. For weekly pledges, the money is withdrawn each Friday. Please contact Dianne Smigliani in the church office for a copy of the authorization form.
Bill Pay Services, available through most banks and credit unions, allow its customers to schedule check payments to various merchants whereby the financial institution takes care of printing and mailing the check. You simply set up the payment schedule and amount once, provide the name and address of the payee, and then checks are mailed automatically until changed by you. Most financial institutions offer this service free of charge.
Click below to learn more about the ways to give to the First Church of Nashua
Future Horizons Society and Planned Giving
The Apostle Paul’s letter to Timothy provides guidance on ministry, including these words about those who are blessed with abundant resources: “They are to do good, to be rich in good works, generous, and ready to share, thus storing up for themselves the treasure of a good foundation for the future, so that they may take hold of the life that really is life” (1 Timothy 6:18-19).
Planned Giving lays a foundation for the future for all concerned, givers and receivers alike. Much of our ministry’s current success and security is built on the foundation of the generosity of those who came before us. When you contribute to The First Church Nashua through planned giving, you strengthen the foundation for future generations to build upon.
If you have already made a planned gift to The First Church Nashua, please let us know so that we can thank you and recognize you with membership in the Future Horizons Society. Each person’s generosity is very much appreciated and offers an example for all to follow.
If you haven’t yet made a planned gift, the following information is provided for your prayerful consideration. To learn more about planned giving to The First Church Nashua, please contact Peter Chaloner, Joe Glajch, Lori Lambert or call the church office at 603-882-4861.
What is a Planned Gift?
A planned gift is one you make during your lifetime, but which benefits The First Church Nashua after your death. Such a gift connects you to our vibrant faith community and family in perpetuity. A bequest in your will or estate is the most common type of planned gift. Other types may contain benefits during your lifetime, such as:
*A charitable income tax deduction;
*Tax savings on long term capital gains;
*An attractive income for life with no management responsibilities;
*An income for a surviving loved one after your death. There are many ways in which The First Church Nashua may be included in your planned giving.
Wills and Bequests
Wills and bequests provide a very simple way to make a gift that will keep on giving after your lifetime. Simple language is available to include The First Church Nashua as a beneficiary in your will.
A gift annuity is a contract whereby you transfer assets such as cash or securities to The First Church in return for lifetime annual, semi-annual, or quarterly payments of a fixed amount. Thereafter your gift benefits The First Church Nashua. You are entitled to a charitable income tax deduction in the year you make the gift if you itemize your return, and part of your annuity payments may be tax free. If you transfer appreciated securities to fund your gift, you may have significant capital gains tax savings.
Pooled Income Fund
A pooled income fund is a charitable trust in which your gift of cash and securities is combined with the gifts of other individuals and invested in a diversified portfolio of stocks and bonds, the net income of which is distributed to you based on the number of units you hold. Upon death of the life income beneficiary, the value of your units is transferred to The First Church Nashua. You are entitled to a charitable income deduction in the year the gift is made if you itemize your return. If you transfer appreciated securities into the fund, you may have significant capital gains tax savings.
Charitable Remainder Trusts
Charitable remainder trusts allow you to transfer cash, securities, or other property into an irrevocable trust and receive lifetime income. Upon your death, the principal will benefit The First Church Nashua. With an Annuity Trust, you direct that a fixed dollar amount be paid to you as long as you live. With a Unitrust, you can choose a flexible-income feature, specifying a percentage of the trust’s fair market value as determined annually. Upon establishing a trust, you are entitled to a charitable income tax deduction, and you can realize savings on capital gains taxes if you use appreciated property to make your gift.
Gifts of life insurance offer opportunities to make substantial charitable contributions. If you have an existing life insurance policy you no longer need for family protection, you can give it to The First Church Nashua. You simply change the beneficiary of the policy or transfer ownership to The First Church Nashua.
Critical Documents Every Family Needs
Beyond the benefits to The First Church Nashua, planning ahead for the end of life is a great gift you can give to your loved ones. Our Ministry of Last Things has many resources to help with this process, in addition to the following documents:
Advance Directive Planning for Important Health Care Decisions: This document includes a sample form of A Health Care Proxy and Power of Attorney and sets forth your wishes and determines who may make a decision if life-sustaining procedures are required;
The 15 Words is a template on how to leave a gift to The First Church Nashua in your will.