As a Disciples Church Extension Fund investor, you already know that your investment dollars empower the mission of the church in several ways: through competitive loans and the capital fundraising, building planning, and disaster response services DCEF offers congregations. But did you know that you also have a few options to designate your DCEF investment note for charitable giving?
The Great Commission Partner Program allows existing DCEF investors to designate a portion or all of their interest earnings to the Disciples ministry of their choice. Disciples Church Extension Fund will send the specified amount directly to the ministry designated to receive the gift, and the amount may be tax deductible (consult your tax advisor).
For more information on the Great Commission Partner Program, contact us.
All interest paid will be reported in IRS Form 1099-INT as though paid to the investor, and the specified ministry is responsible for providing a receipt for the gift.
Individuals over 70½ with an IRA retirement plan are required to receive an RMD (Required Minimum Distribution). As an investor, you can instruct us to use up to $100,000 of your RMD as a charitable rollover (QCD) to support Disciples Church Extension Fund or another approved charity of your choice. Your DCEF IRA can be a tax-efficient way to support the church you love.
As with many IRA provisions there are a number of fine-print items to keep in mind:
To contact our investor services team about how to designate your RMD as a charitable rollover, click here.
As a DCEF investor, you may want to provide lasting support of the ministry of Disciples Church Extension Fund by making a gift of your investment at the time of your death. You can make a bequest of your investment note in your will, but you can also designate DCEF as a beneficiary by using a “Pay on Death” agreement (POD).
With a “Pay on Death” agreement, you will retain full control of your note during your lifetime. Only in the event of death would DCEF have or assume any interest in the investment, so your investment will be available to use for emergency expenses that may arise.
POD registration provides for immediate transfer of ownership at the time of death, and your investment note won't be subject to probate.
For more information about establishing a Pay on Death agreement with Disciples Church Extension Fund, contact Bethany Watkins Lowery.
To request a POD Form, contact investor services.