FOUNDATION OVERVIEW
The Mile Hi Church Foundation was created in 1983. It is a separate nonprofit entity that receives financial gifts and manages its growth through an endowment. The endowment provides long-term financial stability and growth for the Church.
You can help preserve the future of Mile Hi and help grow the endowment with your generous consideration of:
• Immediate gifts over-and-above a General Fund contribution
• Bequest in a Will
• Beneficiary designation
• Charitable Gift Annuity
• Deferred Charitable Gift Annuity
• Charitable Remainder Trust
• Charitable Lead Trust
• Retained Life Estate
We can help identify creative ways for you to participate with the Foundation while providing you substantial financial benefits such as lifetime income and charitable tax deductions.
A little planning today will ensure that the things you treasure in life are supported after your transition and that your legacy continues.
We ask that you prayerfully consider the following:



Bequests in Your Will
Naming the Mile Hi Church Foundation as a beneficiary in your will provides the funds that help grow the endowment. Examples include:
• Leaving a percentage of an estate to the Foundation
• Giving a specific dollar amount
• Gifting personal property, artwork or jewelry
• Donating real estate
Charitable Gift Annuity
You can fund a Gift Annuity with cash, securities, or mutual funds and receive the following benefits:
• Fixed annual payments for life
• A charitable income tax deduction
• Partial payment tax-free
• Rate of return based on age—it will never change
Charitable Remainder Trusts
A Charitable Trust allows the transfer of cash, stocks, bonds, mutual funds or real estate into a Charitable Trust Agreement. This type of Trust can be created in one of two ways:
• Charitable Remainder Trust
• Charitable Lead Trust
Retained Life Estate
The Life Estate Contract allows you to donate your home to the Foundation during your lifetime while retaining the right to live there for the rest of your life and still receive a charitable tax deduction. This gift can be your primary residence or vacation home.
To find out which Foundation gift option is best for you, consult your financial planner, tax adviser, or ask a Foundation representative to provide you a list of knowledgeable professionals that can help bring your dream into reality.
Beneficiary Designation
A Beneficiary Designation includes naming the Mile Hi Church Foundation as a:
• Full or partial beneficiary of an insurance policy
• Full or partial beneficiary of a retirement plan
• Full or partial beneficiary of a mutual fund or securities account
Charitable Lead Trust
A Charitable Lead Trust is a gift plan that allows an individual to retain ultimate possession of an asset while making a generous gift to charity. The donor transfers assets, usually cash or securities, to the Trust. The donor receives an income tax deduction equal to the value of the income stream promised to the charity.
During the Trust’s term, the assets are invested. Each year, the trustee pays either a fixed percentage of the Trust’s current value. Or a fixed dollar amount to charity. These payments are used for the charitable purpose the donor designates.
Although the Trust’s term may be for one or more lifetimes, a specific number of years (10-20 years is common) is almost always used. Payments are made out of trust income, or trust principal if the trust income is not adequate.
When the Lead Trust term ends, its charitable payments cease and the trust returns all of its accumulated assets back to the donor.