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Is a gift to the Endowment Program deductible for Federal Tax purposes?

April 26, 2017deductible endowment federal tax gift program purposes

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Is a gift to the Endowment Program deductible for Federal Tax purposes?

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Yes. Your gift is tax-deductible for income, estate, and gift tax purposes as long as you abide by local, state, and federal laws. Can I obtain advice from the Conference regarding my gift to the Endowment Program? Yes. The Endowment Committee will be happy to provide information on simple gifts. More complicated gifts may require financial or legal advice from your family accountant or lawyer. EXAMPLE CODICIL FOR A WILL (Potential Donors should consult their family lawyers) I,_________________________________,of___________________________, ___________________________________ declare that this is the (first) codicil to my last Will, which I executed on __________________, 20______. I give _______________________________________________________________ _______________________________________________________________ to The Endowment Program of the Northwest Texas Annual Conference of The United Methodist Church. I have signed this on the ______________day of ______________, 20____. The f