NEW COVENANT FAMILY CHURCH

"Where Families Pray and Worship Together - To Stay Together"

ENDOWMENTS

WAYS TO GIVE

MAKE A PLANNED GIFT

We hope that you will consider including the New Covenant Family Foundation in your estate or financial plans and help sustain our mission for generations to come. Whatever approach you choose, your gift will honor the vision of our founder, the Rt. Rev. Grady L. Morris, Sr. There are many options for including NCFF in your long-range planning.

Ways to Make a Planned Gift

Bequests and Wills
Charitable Gift Annuities
Retirement Plans
Charitable Trusts
Pooled Income Fund
Bank Accounts, Securities, and Certificates of Deposit
Life Insurance Policies

CONTACT US


Krystal T. Morris
Director of Communications
210-598-9863

MORE INFORMATION

PLANNED GIVING GLOSSARY

Appreciated Property: Securities, real estate or other property that have risen in value since the individual acquired it. Generally, appreciated property that has been held by a donor for a year or more may be donated at full fair market value with no capital gains cost.

Beneficiary: The recipient of a bequest from a will or a distribution from a trust, insurance policy or retirement plan

Bequest: A gift of property or cash to an individual or organization under a will

Codicil: An addition to a will that either modifies or revokes part of it

Executor: The person named in a will to administer the estate

Fair Market Value: The price that an asset would bring on the open market

Intestacy: When a person dies without a valid will, state laws will determine how the individual’s estate will be divided by any heirs. If there are no heirs, the state absorbs any remaining probate assets.

Irrevocable Gift: A gift that cannot be annulled, undone or changed

Life Income Gift: A planned gift that makes payments to the benefactor and/or other beneficiaries for life or a term of years, then distributes the remainder to charity

Planned Giving: Structuring a charitable gift to maximize personal, financial and tax benefits for the donor — as well as a gift to charity — at the same time

Power of Attorney: Legally appointing an individual as your “Attorney-in-Fact,” allowing that person to take charge of your financial affairs in the event of incompetency or disability

Present Value: The value, in today’s dollars, of assets to be received at some future time

Qualified Appraisal: A written appraisal conducted by a knowledgeable professional to determine the fair market value of property (real or tangible) donated to a charity. If the donor wishes to use the value of the donated property for a charitable income tax deduction, the appraisal must be obtained by the donor and attached to his or her tax return.

Real Property: Immovable property; land, together with all the property on it that cannot be moved, together with any attached rights; also referred to as “real estate”

Remainder Interest: In a trust, the portion of the principal left after the income interest has been paid to the beneficiary. A charitable remainder trust makes payments to the benefactor or other individuals and then passes its remainder to charity.

Retained Life Estate: The right to use property for life (usually a residence or a farm) after contributing the remainder interest to a charitable institution

Retirement Accounts: Qualified plans like IRAs and 401(k) accounts that permit individuals to accumulate savings tax-free for retirement

Tangible Personal Property: Includes movable objects (e.g. china, jewelry, books, art, etc.) but does not include land, buildings, or other forms of real estate (real property—see above), or stocks, bonds, copyrights, cash or other "intangible" personal property

Trust: A transfer of property or assets by the grantor to the care of an individual or organization, for the benefit of the grantor or others

Trust Term: The length of time during which a trust is in existence. It may be for a specified number of years or for the lifetime of one or more individuals.

Trustee: An individual or organization carrying out the wishes of the person who established the trust, making payments to the beneficiaries and preserving the principal for ultimate distribution

Will: A document by which a donor regulates the rights of others over his or her property or family after death

CONTACT US


Krystal T. Morris
Director of Communications
210-598-9863

ASSETS YOU CAN USE

Cash
One of the easiest planned gifts to make is a bequest through your will using cash. Instruct your lawyer to include a provision for NCFF in a new or revised will, or add a codicil to an existing will. You can also use cash to establish a pooled income fund.


Bank Accounts, Certificates of Deposit and Securities
You can make sure your bank accounts, certificates of deposit, or securities go immediately to support NCFF through a Totten Trust, or Transfer upon Death Account, which in most cases only requires the completion of a form from your financial institution.


Retirement Plans
Certain retirement plans, such as IRAs, 401(k), 403(b), and Keoghs, allow individuals to defer paying taxes on a portion of their income until the assets are withdrawn during retirement years. However, after a person’s death, these accounts are often exposed to taxes. Therefore, you might find it beneficial to contribute all or part of these funds to NCFF while leaving other assets to your heirs.


Life Insurance Policies
A straightforward method of philanthropic giving is through life insurance policies. NCFF welcomes gifts of life insurance when the policy is paid in full and the Foundation is named as the owner and the irrevocable beneficiary of the policy.


Real Estate
You can make a gift of real estate to NCFF through your will. You can also transfer the deed to your property to NCFF while retaining the right to live there for your lifetime. You would continue to take care of the property and pay the taxes. However, because you have made a gift of the property by deed to NCFF, it will not pass through probate after your death. You may also be able to take a deduction on your income tax return during the year you make your gift.


Gifts of Personal Property
Gifts of personal property including jewelry, art, antiques and collectibles, can be an effective way to provide support for NCFF. They can be used to establish a charitable trust or the property can be given directly to NCFF.

CONTACT US


Krystal T. Morris
Director of Communications
210-598-9863

FREQUENTLY ASKED QUESTIONS

What tax deduction will donors receive for their planned gifts?

Your tax benefits will depend on several factors including the type of gift, the time at which it is made, whether it is outright or deferred or has any income payments. NCFF advises donors to consult with their own advisors before making a planned gift. In general, here are some guidelines:

• Outright gifts generate a charitable deduction that is generally based on their fair market value
• Bequests do not generate current income tax deductions
• Life insurance distributions are not tax deductible. If you have made NCFF the irrevocable owner and beneficiary of a policy during your lifetime you may deduct gifts that offset annual premium payments.
• The charitable deduction for a gift that returns income to you is based on the fair market value of the gift asset minus the present value of the income interest that you retain.

Will the New Covenant Family Foundation determine the value of gifts of tangible personal property for a donor’s income tax deduction?
No, this is the donor’s responsibility. The IRS requires that donors of artwork and collectibles secure an independent appraisal of the items to establish fair market value. The appraisal has to be related to the gift – an insurance appraisal won't suffice.

Is the New Covenant Family Foundation a tax-exempt organization?
The New Covenant Family Foundation is a non-profit 501(c)(3) tax-exempt organization incorporated in the state of Texas.

What is the Federal tax identification number for the New Covenant Family Foundation?
The federal tax identification number is 34-2095459.

Will the New Covenant Family Foundation serve as executor for an estate?
Due to potential liability and conflict of interest issues, NCFF cannot serve as executor.

How can a donor notify the New Covenant Family Foundation about a planned gift?
Please let us know by emailing us. You can also notify us by mail by writing to

Vernita S. Oes
Director of Development
New Covenant Family Foundation
1815 Burleson
San Antonio, Texas 78214

Disclaimer

The purpose of this website is to provide you with information that is of a general nature only. For advice or assistance when considering a planned gift, we encourage you to consult with your attorney, tax professional or investment professional for advice concerning your individual situation and the consequences of your gift.

CONTACT US


Vernita S. Oes
Director of Development
210-598-9863

THE MORRIS SOCIETY

The Grady L. Morris, Sr. Society recognizes those supporters of the New Covenant Family Foundation who have included NCFF in their estate planning. Named to honor NCFC’s founder, the Rt. Rev. Grady L. Morris, Sr., the Presiding Bishop for the EKKLESIA, the Morris Society celebrates his vision for the EKKLESIA and NCFF’s mission that we know and celebrate today.

If you are interested in making a planned gift and becoming a member of the Morris Society, please email Krystal Morris at krys.morris@newcovenantfamilyfoundation.org

All requests for information will remain confidential.

CONTACT US


Krystal T. Morris
Director of Communications
210-598-9863

If you would like more information on how to give to New Covenant Family Church, please feel free to call us at (210) 598-9863 or click here to contact our church office.


NCFC WEEKLY SERVICE TIMES

  • Sunday Morning Family Prayer -(10:00am -10:30am)

  • Sunday Morning Praise and Worship - (10:30am)

  • Wednesday- Christian Leadership Institute-( 6:00 pm)

  • Thursday Evening Bible Study - (6:30pm)

  • Thursday Evening Praise and Worship Rehearsal - (7:45 pm)

  • Friday Night Singles Night - (6:30pm)

  • Saturday Night is “Youth Explosion Night” - (6:30pm)

Events

All Categories

NCFC

814 Main St, Suite C,

Schertz, TX 78154

Phone. (210) 598-9863

Contact

New Covenant Family Church

814 Main Street, Suite C

Schertz, TX 78154

(210) 598-9863