Everything You’ve Always Wanted to Know About Legacy Giving, and Weren’t Sure Whom To Ask

By Becca Norris, Chair of Legacy Giving Committee

Q: What is legacy giving to Plymouth?
A: Simply stated, this is a deferred, planned gift to Plymouth Congregational Church made possible by including the church in your estate plan. Legacy giving creates a legacy beyond your lifetime.

Q: Do I have to pay anything before my death?
A: No. A legacy gift to Plymouth most commonly is a bequest in a will that costs nothing during one’s lifetime but benefits the church at the death of the donor.

Q: How much do I need to commit to give?
A: A legacy gift of any size is welcome and appreciated! Even a small legacy gift can make a difference. The specifics of your gift are kept confidential.

Q: How do you leave a gift in your will?
A: An easy way is to designate a specific dollar amount or a percentage of your estate.

Q: What are examples of a legacy gift?
A: Gifts can take several forms. Examples include cash, stocks, bonds, mutual funds, IRAs, life insurance, real estate or personal property.

Q: How are the Flame Society and legacy giving connected?
A: Plymouth members and friends who make plans for a legacy gift to Plymouth become part of the Flame Society. The Flame Society and Legacy Givers are one and the same. Most years, Plymouth expresses gratitude to legacy givers at an annual luncheon. Note that you can remain anonymous as a legacy giver if desired.

Q: Do I need a lawyer to set up a legacy gift to Plymouth?
A: You don’t have to use an attorney to set up a specific legacy gift in your will or trust, but you may want to contact an estate-planning attorney or financial planner, particularly to discuss any tax benefits for the donor or heirs.

Q: Where do legacy gifts go?
A: Your legacy gift should be designated to either Plymouth’s Legacy Fund or Plymouth’s Endowment Fund. You can find fund definitions and an example of words to use in your will at this link: https://www.plymouth.org/wp-content/uploads/2018/02/Legacy-web-language.pdf.

Q: Where can I get more information about setting up a legacy gift to Plymouth or get more information?
A: The church website has information about completing and submitting a Bequest Confirmation Form. You can find this form and information at this link: https://www.plymouth.org/act/give-2/legacy-giving/.