Calvary Chapel Fellowship of Melbourne Inc. Mission: We exist to glorify God by being a loving community where people are saved, set free, discipled, empowered, and sent out to fulfill their God-given calling.
Legacy Giving: Gifts to Calvary Chapel Fellowship of Melbourne Inc. (CCFM) to help people know Jesus through funding campus expansions, church planting, missions, and local outreaches.
Matthew 6:20-21 (NLT) Store your treasures in heaven, where moths and rust cannot destroy, and thieves do not break in and steal. Wherever your treasure is, there the desires of your heart will also be.
These gifts can be given now or set up to be given after your departure for heaven. CCFM’s Minister of Generosity can assist you with these types of gifts.
Appreciated Securities (or other assets) Gifts of appreciated securities are most often in the form of common stocks or mutual funds. Such gifts are a valuable way to currently give and receive tax benefits based on the fair market value of the assets. Other appreciated assets, like real estate, may also be gifted.
Charitable IRA Distributions: Individuals who are 70½ years old or older can donate up to $100,000 directly from a taxable IRA instead of taking their required minimum distributions. Generally, a distribution is taxable from an IRA (other than a Roth IRA) owned by an individual who is age 70½ or over unless it is paid directly from the IRA to a qualified charity. This popular gift option is known as a Qualified Charitable Distribution (QCD) and is commonly called the IRA charitable rollover.
Real Estate: Real estate may be deeded outright to CCFM or left by bequest. The irrevocable gift of property may provide an immediate tax deduction and avoid capital gains.
Bequest: The bequest is a gift through your will or revocable trust that enables you to retain the asset during your life and provide significant support when you no longer require the asset. You may choose a specific item, a percentage, or a residual bequest. You may also choose to make CCFM the contingent beneficiary in case heirs are unable to receive the estate.
Retirement Plan Assets: In some cases, retirement assets can be the most heavily taxed assets in an estate. Naming CCFM, the beneficiary can avoid that taxation, enabling the asset to pass tax-free to CCFM. You may also make CCFM a percentage beneficiary or a contingent beneficiary of a retirement plan.
Bank or Investment Account: Financial accounts can be a simple and inexpensive way to leave a legacy gift to CCFM. Contact your financial advisor to see how easy the process is to make CCFM the beneficiary of a particular investment or bank account.
Life Insurance: CCFM is named as a donor’s beneficiary, and the insurance payment is transferred from the donor’s estate to CCFM upon death, lessening the potential estate tax burden to heirs. Insurance policies that are fully paid can also be donated to CCFM and provide a current tax deduction.
Endowments: CCFM is named as the beneficiary, and this gift provides a permanent source of funding for the beneficiary by securing the principal and only utilizing the earnings on an annual basis.
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