March 9, 2010

Dear Friends,

Each generation of Christ Presbyterian Church benefits from gifts donated to the CPC Endowment Fund by preceding generations. This thoughtful and purposeful giving contributes greatly to the future financial stability of our church, assuring the continuation of CPC’s ministry in the years ahead.

Your commitment to the Endowment Fund can be maximized through a planned gift. There are a variety of planned giving options that can fit your personal, financial and family objectives, lifetime needs, and philanthropic goals. Planned giving may enable you to reduce income and estate taxes or benefit from increased lifetime income. It is effective for all because there is no minimum gift amount. Plus, you gain the satisfaction of giving to what you believe in and value at Christ Presbyterian Church. I have listed below just a few gifting options for you to think about this coming year.

Bequest: You may make a provision in your Last Will and Testament to direct property or a specific amount or percentage from your estate at the time of death. There is an estate tax charitable deduction, and you retain total control over your property, including the Endowment Fund bequest, during your lifetime. This is the most popular form of a planned gift.

Life Insurance Beneficiary Designation: The Endowment Fund of Christ Presbyterian Church of Toledo, Ohio is named as beneficiary for a portion of your death benefit on your life insurance policy. You still retain total ownership of your policy and the designation is typically revocable.

Retirement Plan Asset Gift: If the beneficiary of a retirement account is a tax-exempt charity, such as CPC’s Endowment Fund, the charity can take a tax-free withdrawal of the account balance following the account owner’s death. Since the untaxed balance in these accounts at the time of the account owner’s death will never be subject to income tax when left to charity, there is often no better asset available to satisfy an IRA or 401 K owner’s charitable objectives. Most plans allow the retirement account owner to carve out a specific dollar amount or percentage for charity. The retirement account owner may also be able to set up a separate retirement account for a charity by splitting up an existing account or creating a new account.

Life Insurance Ownership Transfer: A life insurance policy may be transferred to CPC’s Endowment Fund. For example, a member may feel that it is no longer economically worthwhile to continue on with a life insurance policy for various reasons. Transferring ownership of the policy to the Endowment Fund, subject to ongoing premiums for the policy, may be worthwhile for the Endowment Fund and at the same time can satisfy the philanthropic goal of the member.

There are more complex, tax saving methods of gifting to the Endowment Fund and you might wish to consult your accountant or attorney. Together, we can position Christ Presbyterian Church to remain vibrant for future generations and our community. CPC’s past, present and future not only presents reasons to celebrate, but to embrace the challenges ahead.

If you wish to discuss the various options available to make a lasting gift to the Endowment Fund, please call me at 419-283-4586.

                                                                        Sincerely,

                                                                        Jeff Lydy

                                                                        Chairman, Endowment Fund