Mid-Coast Presbyterian Church

---

The Purpose of the Trust

The Mid-Coast Presbyterian Trust was established in 2001 by the Session in accordance with the by-laws of the congregation.

 The Trust is a channel through which you and others may express gratitude to God and enrich the witness of Mid-Coast Presbyterian Church by providing financial resources beyond the annual operating budget.  Such an expression of stewardship, in combination with the generous stewardship of others, has a life beyond its own and is a true legacy for the future.

Donors Have Many Choices

Gifts to the Trust, large or small, are managed separately from other resources of the Church and are invested or spent prudently.  The Trust Board will manage your gift in accordance with your expressed wishes.

As a donor to the trust, you may choose to give a gift that is restricted to a specific purpose or you may choose to give an unrestricted gift.  Either choice is welcomed and you are encouraged to counsel with members of the Trust Board (listed below) or the Pastor to explore the benefits and drawbacks of each option.

The Current Restricted Funds include:
The Fund for Building Maintenance
The Fund for Building Expansion
The Fund for Debt Retirement
The Fund for Conferences and Retreats

The Trust Board encourages you to discuss your wishes with them to determine if the Church has the ability to comply with specific requests.  To establish a new restricted fund, you would need to commit a minimum of $5000.  Gifts of an size may be made to already established funds.

If for any reason a restricted fund becomes inactive, the Trust Board will assign any resources to the Fund Proper, a pooled unrestricted fund, the use of which is determined by the Session upon recommendation from the Trust Board.

All unrestricted gifts are placed in the Fund Proper and provide the Church the ability to respond with great flexibility to unexpected opportunities.

As a donor you also have options regarding how your gift is expended.  You may specify that only the earnings from your gift be used, or you may direct the Board to expend principal, in whole or in part.  This decision, too, should be discussed with Trust Board members.

Many Ways to Contribute

There are a variety of ways you and others may donate to the trust.  You may consider each of these options:

A gift of Cash:  All cash gifts, regardless of amount, are deeply appreciated.

A gift of Securities:  There are advantages to donors when they give appreciated marketable securities; please speak with Trust Board members and professional tax consultants.

A gift of Life Insurance:  Mid-Coast Presbyterian Trust can be named as the beneficiary on either a new policy or a policy already in force.

A gift of Real Property:  Land or other real property can be deeded to the church at current appraisal value.  The Trust Board, by its charge, will normally sell such an asset and invest the proceeds for use as the donor wishes.

Deferred Gifts:  A gift to the Trust can be assured by naming Mid-Coast Presbyterian Church as the recipient for a Charitable Remainder Annuity of Pension Annuity Remainder or by choosing other options, instruments and techniques that enable the donor to plan a gift deferred to a future point in time.

You are encouraged to discuss these ideas and others with the Trust Board members and with professional financial advisors.

 

---