What is the Legacy Foundation?
God calls us to make wise and faithful choices. By planning our future gifts now, we are graciously responding to the blessings of God in our lives, expressing our faith in Him, and establishing a legacy that will continue to honor God. Legacy gifts create an opportunity for abundant provision that will allow for the church to continue its mission long after we are gone.
The Foundation
A Legacy Gift to The Ark Church remains invested in the Foundation. The Foundation has several categories, each with a specific purpose that supports The Ark’s mission.
Unrestricted Fund:
Gives the Foundation the most flexibility for supporting The Ark Church’s ministry and vision. It’s income and growth may be spent with any of the other funds or on matters falling outside of the purpose of one of the restricted funds, but needed to further The Ark Church’s ministry and impact.
Capital Fund:
Supports the purchase or maintenance of the property and buildings allowing for ongoing improvement.
Ministry Fund:
Support various specific ministries of the church.
Legacy Gifts to The Ark Church are invested in the Foundation’s Unrestricted Fund, unless specifically restricted by the donor or designated by the Board of Directors.
Ways to Make a Legacy Gift
A Legacy Gift of any size is significant. The best gift is one that is appropriate for your particular circumstances. A Legacy Gift can be structured to benefit the donor or The Ark Church during the donor’s lifetime, or, to benefit The Ark Church at the death of the donor (some examples are listed below):
Bequest in your will
A bequest is the simplest and most common type of Legacy Gift. For example the following wording could easily be added to an existing or new will:
“I give and bequeath to The Ark Church at 450 Humble Tank Road, Conroe, Texas 77304, the sum of $___________ OR _______ percent of my remaining estate, for The Ark Church’s Legacy Foundation Fund.”
Charitable Gift Annuity
A gift is invested and the donor receives a guaranteed payment for life based on the donor’s age at time of gift. See your financial advisor for more information and specific direction.
Insurance
An existing or a new insurance policy may be donated.
401K Retirement Benefit Plans and IRAs
Benefit plans and IRAs donated to The Ark Church may provide important tax savings to the donor.
Stocks, bonds, real estate, and property
Property that has appreciated allows a tax deduction for the current market value without incurring tax on the capital gain.