X

The Free Methodist Foundation supports the ministry of The Free Methodist Church — USA by providing a variety of stewardship services to Free Methodist ministries and families. These services include estate and gift planning. Our team of Christian professionals would love to speak with you and learn about your passion for your family and your favorite Free Methodist ministry — your local church or annual conference, one of our Free Methodist human service ministries, world missions and childcare, one of our educational institutions, or any other of our various ministries! We would consider it a privilege to explore creative and tax-wise ways you can provide funds for your family and these ministries during your lifetime and beyond. We firmly believe estate and gift planning can benefit everyone, whether you consider yourself poor or rich or somewhere in between. You may not think you have much, but by following God's lead with a willing heart, your gift may be just what a loved one or a ministry needs.

Text Resize
Print This
Email This
Request Illustration
Download Brochure

Give it Twice Trust

Give it Twice Trust

While visiting the Wills Planner on this website, June, a surviving spouse, came across the idea of a Give it Twice Trust. She contacted The Free Methodist Foundation for more information and talked with a gift planner who explained the concept as a way to first give income to children through a trust and then transfer the trust balance to your favorite Free Methodist ministry in the future.

June: Fred and I talked about this before he passed away. We both agreed that we wanted to treat each of our four children equally and also provide a benefit to our favorite Free Methodist ministry.

The gift planner told June that with her estate of $800,000 she would have the ability to do something significant for both her family and favorite ministry. June was concerned because while her three older children are financially responsible, her youngest, Jim, "spends money like water." June was afraid that if Jim were to receive cash in a lump sum he would spend it right away.

The gift planner explained that the "Give It Twice" plan could be very helpful. June could transfer $400,000 from her IRA at death to the trust. Her children would each receive one-fourth of the income from the trust over 20 years. That would give Jim a chance to learn to save and invest. After that time, the trust balance would benefit her favorite Free Methodist ministry. In addition, by using her IRA, June could save on income tax because the special trust is tax-exempt.

June: I established a Give it Twice Trust and was thrilled with the plan. The prospect of helping my four children and my favorite Free Methodist ministry made me happy and I knew that it was the right thing to do.


Print This
Email This
Request Illustration
Download Brochure
scriptsknown