Ensuring a church home for future generations
Mount Olivet’s Enduring Gifts Fund provides more than $50,000 each year for the church's operations and missions, and an additional $50,000 each year to help maintain and improve our facilities. The church's facilities are used every day for worship, fellowship and missions, and house several programs such as Community Assistance, which provides aid for our neighbors struggling to make ends meet, La Cocina VA, a bi-lingual culinary school serving the local hispanic community, the Mount Olivet Preschool, and several other on-site ministries.
What Giving Plan is Best for You?
Since it’s inception, the Enduring Gifts Fund has grown to approximately $2,250,000, which is invested according to the Social Principles of the United Methodist Church to create an annual income stream of more than $100,000 each year for the church’s facilities and missions. A large portion of these funds have come from a small number of church members who had the vision to make Mount Olivet part of their estate plan through charitable trusts and bequests. You too can create a lasting legacy for Mount Olivet by making a gift to the Enduring Gifts Fund by choosing the best option below. Please contact one of the Enduring Gifts committee members, or speak directly with your financial and legal advisors.
Sample Language for Bequests
Including Mount Olivet United Methodist Church in your estate plan or as a beneficiary of a bank, investment or retirement account can be easily accomplished with an addition to your Will, Trust or Beneficiary Designation form.
Sample of unrestricted bequest language:
I give [insert dollar amount, property to be given, percentage of the estate, or "the remainder of my estate or trust”] to the Mount Olivet United Methodist Church, *tax identification number XX-XXXXXXX, located at 1500 N. Glebe Road, Arlington, Virginia 22207, for the church’s general charitable and religious purposes.
Sample of restricted bequest language:
I give [insert dollar amount, property to be given, percentage of the estate, or "the remainder of my estate or trust”] to the Mount Olivet United Methodist Church, *tax identification number XX-XXXXXXX, located at 1500 N. Glebe Road, Arlington, Virginia 22207, to be held by the Enduring Gifts Fund, with [income only OR income and principal] to support the [specific program(s)] at the church.
Some examples of program designations include:
(1) Missions Trips
(2) Music Programs
(3) Senior Adult Ministries
(4) Capital Projects
(5) Community Assistance
Retirement Plan Beneficiary Language
You may name Mount Olivet United Methodist Church *(Tax ID #XX-XXXXXXX) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.
Naming the Mount Olivet United Methodist Church as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. By naming the Mount Olivet United Methodist Church as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support the Mount Olivet United Methodist Church free of both estate and income taxes.
Simply request a change-of-beneficiary form from your plan administrator, and designate Mount Olivet United Methodist Church as a beneficiary of all or part of your retirement account. When you have finished, please return the form to your plan administrator and notify the church.
If you or your attorney would like Mount Olivet United Methodist Church to provide you with customized beneficiary language that is specific to your goal and interest, please contact us.
Establishing Your Own Fund
If your gift is $10,000 or greater, you have the option to establish your own endowed fund as part of the church’s Enduring Gifts Fund which can hold your name or the name of a loved one. If your gift is less than $10,000, you can supplement an existing fund in the Enduring Gifts Fund.