The United Methodist Church of the Resurrection Foundation, a Kansas nonprofit corporation, was established in 2002 to identify and develop opportunities for planned giving. Our purpose is to endow and support the future needs of our church’s ministry and mission by encouraging our members to remember Resurrection in their wills, trusts, retirement accounts and life insurance designations.
Resurrection members give generously of their time and resources to support our vision, and the Resurrection Foundation provides these generous members with the opportunity to further this vision through planned giving.
As a member of the church, you have committed to a journey of knowing, loving and serving God as you grow in your faith. A gift to the Resurrection Foundation is one way of furthering your lifetime commitment and stewardship by remembering the Foundation in your will or trust or as a designated beneficiary of another asset. A legacy gift is a way to provide support to the church's mission and ministries in the future.
The Foundation ensures the long-range financial growth and sustainability of Resurrection. To do this, the Foundation and past donors have established various types of funds.
The existing funds cover a broad spectrum of ministries, missions and future needs. These funds include:
Many other funds may fit your charitable intent, or we may create new funds that align with your goals and the goals of our church.
John Wesley, the founder of Methodism, has been called the single most influential Protestant leader of the English-speaking world since the Reformation. We believe that, as United Methodists, we are called to continue to renew the church through leadership and generosity.
Our John Wesley Legacy Society honors the dedicated group of members and friends who have chosen to include Resurrection in their estate or planned giving. You can join the John Wesley Legacy Society when you declare a gift to the Resurrection Foundation.
If you have additional questions or would like more information about the Resurrection Foundation, please complete our Request for Information Form.
The Foundation, along with previous donors, have given prayerful consideration to establishing the funds that are currently in place. Click the links below to learn more about the existing funds. The Resurrection Foundation Board follows donor input to set up funds that support missions, ministries and future needs. Each potential gift/fund is subject to approval of the Resurrection Board of Directors on behalf of The Church of the Resurrection. The Resurrection Foundation will work with donors to design a donor fund that fulfills their specific wishes while contributing to Resurrection Foundation's purpose.
If a donor wants to establish a new fund as referenced above, there is a minimum gift requirement of $25,000. If a donor wants to contribute to an existing fund, there is no minimum gift requirement.
Thank you for considering a planned gift to the Resurrection Foundation to help ensure the future ministry of the United Methodist Church of the Resurrection. The Resurrection Foundation can help you determine which type of gift is the best fit for your charitable giving goals and financial objectives. Below is a description of the many ways you can give.
The Resurrection Foundation offers Donor Advised Funds as a convenient option for giving to your favorite ministry. By establishing such a fund at the Foundation, you can minimize your taxes by making charitable gifts to your fund, but decide later which charities will benefit.
The Benefits of a Donor Advised Fund include:
You can establish a Resurrection Foundation Donor Advised Fund with as little as $25,000 and you may make additional contributions of any size at any time. Each gift represents an unconditional, irrevocable charitable contribution and is not refundable.
The annual distributions from Foundation Donor Advised Funds primarily benefit charitable organizations that are related to the Resurrection United Methodist Church. Charities that are unrelated to the United Methodist Church, but that are compatible with the Church’s mission can be considered for a portion of annual fund distributions.
Establishing your Foundation Donor Advised Fund can be as easy as filling out a form and writing a check. For more information, contact your Resurrection United Methodist Foundation at 913-544-0242, Rev. Dr. Clayton L. Smith, Executive Pastor.
A retirement plan is one of the best types of assets to transfer to the Resurrection Foundation following death because of the income tax consequence. Most inherited assets are free from income tax. However, an heir will pay income tax on disbursements from a decedent’s retirement plan such as a profit sharing plan, Section 401(k) plan or IRA. If you are going to make a charitable bequest, it is usually better to transfer assets subject to income tax to a tax-exempt charity – such as the Resurrection Foundation – and to transfer assets not subject to income tax to heirs.
For a taxable estate, the combination of estate and income taxes will frequently exceed 75 percent of the total amount – even more if the generation skipping transfer taxes are triggered. At a cost to your heirs of only 25 percent of the fair market value of these types of assets, you could apply 100 percent of the assets to the Resurrection Foundation to accomplish your specific charitable objectives. Estate taxes change, so be sure to consult an accountant.
Of course, married couples can postpone the decision by transferring the assets to the surviving spouse and claiming the marital estate tax deduction. However, since that deduction is not available to unmarried individuals and the second-to-die of married couples, a charitable bequest of pension plan assets might be the best option.
A gift of stock is one of the easiest methods to make a gift. If the stock has appreciated, the donor not only avoids the capital gains tax on the appreciation but also receives a charitable deduction for the full fair market value of the stock at the time of contribution.
You may have purchased life insurance when you needed protection for your family, business or estate. In later years, you have found you no longer need that insurance. If you want to achieve immediate tax benefits, you should consider irrevocably assigning an insurance policy to the Resurrection Foundation.
Giving life insurance as a gift to charity allows even those with modest means to leave a substantial contribution to the cause most meaningful to them. A gift of life insurance is a deferred gift, which means the proceeds from a commitment made now will be realized in the future. Donors often struggle between their desires to achieve philanthropic goals and their need to preserve their estates for their families. A gift of life insurance can eliminate this conflict.
In addition to gifting an existing life insurance policy, a new life insurance policy can be purchased from your life insurance professional naming the Resurrection Foundation as owner and beneficiary. The initial premium payment plus subsequent insurance premium payments made by the donors are deductible as charitable contributions. A gift of insurance will not reduce your current stream of income.
Perhaps a charitable gift sounds attractive but you are not ready to give up ownership of your life insurance. By naming the Resurrection Foundation as beneficiary only, you retain ownership of the policy; have access to the cash value and the right to change the beneficiary. If you would prefer that a member of your family remain the primary beneficiary, you can make the Resurrection Foundation the contingent or successor beneficiary to receive the proceeds if your primary beneficiary dies before you.
Because you retain ownership of the policy, there is no charitable deduction for the value of the policy upon designation of the Resurrection Foundation as beneficiary or for subsequent premium payments. However, any proceeds payable to the Resurrection Foundation at your death will not be subject to federal estate tax.
Including a charitable bequest as a part of your will is a great way for you to provide long-term support for the Resurrection Foundation while also effectively managing your estate. Making a charitable bequest is easy. If you want to leave a bequest to the Resurrection Foundation, you must specifically do so in a will or trust. Your will or personal trusts are legal records of your wishes regarding how your assets should be handled at your death. Instructions regarding the dispensation of your assets are called bequests.
Charitable Bequests are not subject to estate or inheritance taxes, therefore reducing the tax burden of an estate. Charitable bequests also provide flexibility because they may be changed at any time. Your estate will be entitled to a charitable deduction for the full, fair market value of your gift. The Resurrection Foundation can assist you and your attorney with standard legal language necessary to establish your charitable bequest.
There are several ways to memorialize those dear to you. Gifts may be made to the Resurrection Foundation in memory of deceased persons, to honor living persons, or to commemorate anniversaries or other special events.
It may be appropriate to remember a loved one by requesting that “in lieu of flowers, the family suggests that contributions be made to the Resurrection Foundation.”
If you desire to contribute to Resurrection Foundation anytime during life, please contact Rev. Clayton Smith to discuss your charitable intent. Donors who give during life get to see the benefits of their gifts and realize the tax benefits of giving.
A charitable remainder trust is an efficient estate planning vehicle. It is a special type of trust that provides for and maintains two sets of beneficiaries. The first set are the income beneficiaries (you and, if married, a spouse). Income beneficiaries receive a set percentage of income for your lifetime or for a fixed term not to exceed 20 years from the trust. The second beneficiary would be the Resurrection Foundation. The Resurrection Foundation would receive the principal of the trust after the income beneficiaries pass away.
There are two basic types of charitable remainder trusts; one is an annuity, one is a unitrust.
Establishing either trust is simple:
A charitable gift annuity is a way for you to receive a guaranteed income for life and an immediate income tax deduction, while at the same time leaving a legacy to the Resurrection Foundation.
When you transfer assets to a Charitable Gift Annuity, you receive a fixed stream of income for life. After paying the lifetime annuity to you – and your spouse, if you choose – the remaining principal is transferred to the Resurrection Foundation.
Payments to you are based on your age – the older you are, the higher the rate. If the annuity is for you and your spouse, the calculation is based on your joint ages. You can choose to receive payments quarterly, semi-annually or annually. If you do not need the income now, you can use a deferred plan, receive the income tax deduction now, but begin receiving payments when you reach a specific age. This is an excellent complement to your existing retirement plan.
The tax advantages of both a current and deferred annuity are two-fold. First, you receive an immediate income tax charitable deduction when you create your annuity. The amount of the deduction is based on your age and annuity payout rate. Second, a portion of the payments you receive may be treated either as tax-free return of principal or long-term capital gains. These tax advantages increase the net income you receive.
Once you have committed to making a gift, you need to specify if it is for current needs of the church at the time of the gift, or future needs thru the Foundation.
A gift for current use at the time of the gift should be designated: “The United Methodist Church of the Resurrection”
A gift for future needs should be designated: “Church of the Resurrection Foundation, a Kansas non-profit Corporation”
13720 Roe Ave.
Leawood, KS 66224
24000 W. Valley Parkway
Olathe, KS 66061
1522 McGee St.
Kansas City, MO 64108
601 NE Jefferson Street
Blue Springs, MO 64014
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