The Foundation Fund - the History Continues

Now...You Can Make a Gift that Keeps on Giving

The Question is How?

In addition to Wills and Bequests, you may want to establish a Charitable Gift Annuity. You will be joining members and friends of First Presbyterian Church Sun City who over the years, since The Fund was created in 1979, have helped strengthen the ministry of our church and received income for life!

Minutes of The Fund Committee, December 20, 1990 include these items:

“Letter from Maricopa County in Estate of Grace Northrop, concerning bequest of $1,000 to the fund.”

Along with listing of Gift Annuities issued –

YEAR	NUMBER	AMOUNT
1986	3	$76,000
1987	1	16,000
1988	3	57,000
1989	13	136,000
1990	1	100,000
Total:		$513,000*

*These Charitable Gift Annuities have matured.

You will notice increase in the number of gifts received in 1989. In December of 1988, The Fund Committee presented A Suggested Long Range Financial Management Plan to the Session with initial Goal of $3.5 million in assets for The Fund. A Confidential Financial Survey was provided, along with example of benefits of Charitable Gift Annuities – income for life, tax deductions and long term financial support for the Church.

Here is example of current rates from http://www.presbyterianfoundation.org/Ways-To-Give/Charitable-Gift-Annuity.aspx:

Sample Charitable Gift Annuity Rates for a Single Life
The annuity payment is based on the annuitant's age the day the gift is made and the amount of your gift. The annuity is paid annually, semi-annually, quarterly, or monthly, as you choose.

Your Age	65	70	75	80	85	90+
% Rate of Annual Income	4.7	5.1	5.8	6.8	7.8	9.0

The Fund Committee today is just as committed to the long range financial management of our church as the members who presented the suggested plan:

In order to enhance our future income, the Fund Committee would like the authorization and support of the Session in undertaking an aggressive program of encouraging gifts to The Fund through:

• Naming the Church as a beneficiary in Wills and Bequests
• Direct gifts to The Fund
• Purchase of Charitable Gift Annuities or other life income investments with the Church as final beneficiary

~Fund Committee presentation to the Session, Dec 1988

You are invited to join the visionary members of our church in making your gift for the future. A Charitable Gift Annuity benefits the annuitant(s) and the church. You can learn more about this time- honored giving opportunity by visiting the Presbyterian Foundation website: http://www.presbyterianfoundation.org, or by contacting the church office for more information.