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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.

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Sale and Unitrust

Sale and Unitrust

Gene and Carol purchased stock in a small medical service company several years ago. The company has done well. A larger company is now discussing the possibility of buying the smaller company. Gene and Carol are looking for a way to save taxes.

Gene: We were fortunate to invest in the medical services company. Over the years, medical services have become more and more important, especially for senior Americans. We thought this stock would grow and, indeed, it has increased in value.

We paid about $50,000 for the stock and it is now worth $400,000. If we were to sell the stock, we would pay a large tax.

It looks like the company may be sold to a larger company. There is no sale agreement yet, but it could happen in the future.

Carol: We have always talked about taking part of that stock and buying a vacation home. I have found a very nice summer cottage on a nearby lake. The price is approximately $120,000.

Gene: We checked with our CPA and he suggested that we talk to a gift planner at The Free Methodist Foundation. We were happy to discover that we could transfer $280,000 worth of the stock into a special trust called a charitable remainder unitrust. The unitrust could then sell the stock tax free.

Carol: Best of all, we were able to sell the other $120,000 of the stock for cash. The deduction on the charitable trust saved enough in tax so that we did not have to pay tax on the $120,000. The full $120,000 was available to purchase our lake home.

Gene: This was a wonderful arrangement. I am pleased that we were able to set up the unitrust. We now have income and are enjoying our lake home.

*Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since your unitrust benefits may be different, you may want to click here to view a color example of your benefits.


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