The Rosser Society is the vehicle through which people can support Washington Street United Methodist Church through their planned giving (estates, insurance policies, outright gifts of cash and stock, and more. To discuss this aspect of stewardship, contact Pastor Thomas at [email protected], or stop by to talk.)

We often think of stewardship as a simple act of giving – of our time, our talent, and our treasures – during our lifetime. The Rosser Society invites you to think more intentionally about the stewardship of your legacy. In 1849, our founding pastor, Rev. Leonidas Rosser, rode throughout the southeastern states raising funds to construct the building at 109 S. Washington Street. He raised $10,000, which allowed for the construction of the church building that is still home for our worshipping body today. His legacy and efforts laid the foundation for over 170 years of ministry in Alexandria.

Planned giving offers the foundation of support for generations to come. It has been planned giving that has historically allowed for building upgrades, renovations, and expansions at WSUMC. In recent years, planned giving has allowed for the church to upgrade the Sanctuary sound system, undergo a full renovation of the Sanctuary, and refurbish and upgrade the organ.

The church has long had an endowment, supported throughout the years by planned gifts, which helps fund missional work in the community, the hospitality of WSUMC through the upkeep of the facilities and premises, and to provide scholarship funding for local children. The endowment currently stands at around $1 million.

On a daily and weekly basis, our work is to profess God’s Word of new life in Jesus Christ. This gift of love is still making a difference and changing lives in our community today. Your planned gift can allow us to continue that focus without concern for the future health and vitality of the ministry. Planned giving offers a foundation for the long-term impact of the church. Below are some ways you can include the church in your estate plan. Contact Pastor Thomas ([email protected]) for more information about non-cash contributions and always consult your legal, financial and tax advisors about the tax deductibility of gifts in your particular situation.

Bequests
A simple way to give a planned gift is to include the church in your will with a gift of a specific dollar amount or a percentage of your estate.

Sample Language: “I give, devise, and bequeath all of the rest and residue of my estate, real and personal as follows:

1) I give one-half (1/2) of my residuary estate to (children, siblings, etc.)

2) I give one-quarter (1/4) of my residuary estate to (school, hospital, non-profit, etc.)

3) I give one-quarter (1/4) of my residuary estate to Washington Street UMC as a general charitable bequest.”

Publicly Traded Securities
Long-term appreciated capital gain property (such as stock) is one of the most common ways to make additional gifts. These gifts are tax-deductible at the full fair market value subject to some limitations. Also, the gain is not subject to taxation to the donor or the church. Example: a donor paid $2,000 to purchase stock now worth $10,000. If the donor sells the stock, he/she pays capital gains taxes on the $8,000 gain. If the donor gives the stock to the church, neither the donor nor the church pays taxes and the donor receives a $10,000 tax deduction.
Personal Property
Tax-deductible gifts of personal property may include antiques, art, jewelry, vehicles, boats, coin or stamp collections and other valuable assets. These gifts of personal property have varying tax deductibility requirements, so be sure to consult with your legal, financial and tax advisors about such requirements. To discuss making a gift of personal property, please contact Pastor Thomas at [email protected].
Insurance Policies
Families often have life insurance policies originally purchased to cover mortgage expenses or pay for college for a child. If these reasons no longer exist, an insurance policy can be a wonderful way to make a gift to the church. The tax deduction is equal to the replacement value or the donor’s cost in the policy, whichever is less. The church will have the option of retaining the policy or taking the current cash surrender value.
Charitable Lead Trusts
A lead trust can be established to provide income to the church for a specified term of years. After the term of years, the assets in the trust revert back to the donor or to the individual(s) designated by the donor. Cash, securities and some types of real estate can be used to fund the trust. There is no income tax deduction for this type of gift but there may be an estate tax savings.
Appreciated Real Estate
A gift of real estate generally will generate a tax deduction for the full appraised, fair market value. Like securities, the capital gain is not taxable to the donor or the church. To discuss making a gift of appreciated real estate, please contact Pastor Thomas at [email protected].
Gifts-in-Kind
Gifts-in-kind are products or materials that can be given to aid particular projects being undertaken by the church. Examples include construction materials (concrete, lumber, bricks, paint, etc.), building materials (windows, doors, plumbing, lighting, flooring, etc.) or furnishings (tables, chairs, audio-visual equipment, appliances, etc.).
Deferred Gifts
Deferred gifts are gifts that are received some time in the future by the church. During that time, the donor retains an interest in the assets. Examples of deferred gifts include bequests, estate notes, charitable remainder trusts, charitable gift annuities, “Pay on Death” accounts, IRA beneficiary and life insurance.
Will my gift be kept confidential?
All gifts or donations will be treated as confidential business transactions. If you are giving in honor or in memory of a loved one, the designated person or family is notified of your thoughtfulness. Gifts (not including the amount) are recognized in the weekly bulletin. If you wish, your gift may remain anonymous.