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Planned Giving

Planned Giving - The MAPC Legacy Society

A Gift That Keeps on Giving

Imagine giving a gift that lasts not for a day, or a season, or a year, but for over 100 years. Imagine giving a gift that will keep on giving – forever. Individuals and families have given such gifts to Madison Avenue Presbyterian Church since 1899, when an endowment fund was created with proceeds left over from sale of church property at Madison and 53rd Street, after the new sanctuary was constructed. Given long ago, gifts from individuals and families continue to provide support for ministry and mission today.

Over the years, members and friends of Madison Avenue Presbyterian Church (MAPC) have added to those early gifts through Commemorative Gifts, bequests and planned gifts. Because the principal of the endowment fund is never spent, investment returns have magnified the impact of these gifts. While annual stewardship is an opportunity to return to God a portion of our weekly income, a gift to the endowment helps to secure the future of Madison Avenue Presbyterian Church with the assets we have personally accumulated through our lives.

Those who notify the church of their plan to include MAPC in their will, giving through bequests, planned or commemorative gifts, become members of the MAPC Legacy Society. Members of this society are recognized and honored annually through an event planned especially for them.

Why an endowment?
MAPC’s endowment has played a critical part in the church’s ministry since its inception. Interest income from the endowment has funded “the proclamation of the gospel for the salvation of mankind; the shelter, nurture, and spiritual fellowship of the children of God; the maintenance of divine worship; the preservation of the truth; the promotion of social righteousness; and the exhibition of the Kingdom of Heaven to the world” (The Great Ends of the Church). While ministries may change over time, these principles for the endowment’s use do not change, providing support for the church’s ongoing ministries.

Who manages the endowment?
Session is responsible for the use of funds from the endowment, and uses it to help support a portion of our annual budget, as well as for special one-time expenditures. The Board of Trustees, at the Sessions behest, is responsible for management of these funds. An independent investment company overseen by the Trustees invests the endowment following MAPC Investment Policy guidelines. With goals set forth by two Endowment Task Forces (1993 and 2004) Madison Avenue Presbyterian Church has established a clear strategic plan to ensure the endowment is cultivated responsibly, continuing to provide a steady stream of resources for our ministry as the years unfold.

How may I participate?
There are a number of ways to participate. The best gifts are tailor-made to fit each donor’s needs and giving intent. If giving a gift to the endowment is something you want to consider, talk with our pastors first. They can help you decide how best to realize your giving legacy.

Ways to participate:

  • Commemorative Gifts – You may give a gift of cash (checks), appreciated securities, or property to MAPC’s endowment to commemorate an important event in your life, or simply as an expression of gratitude on some occasion of thanksgiving. Unrestricted endowment gifts are encouraged. They allow the church the flexibility to fund the most needed ministries of the time. If, however, you wish to designate a special ministry, your wishes will be scrupulously observed.
  • Planned Gifts – These are gifts that provide income for you or a beneficiary during your lifetimes and benefit the church thereafter, or provide yearly income to the church during your lifetime and, afterward, benefit your family or friends.
    • Charitable Gift Annuities
    • Charitable Remainder Trusts
    • Gifts of property

    Annuities and Trusts may be established with the Presbyterian Foundation or a financial firm of your own choosing.

  • Bequests – You may specify a dollar amount or a percentage of your assets in your will. This is a wonderful opportunity to extend (or take up) a spiritual discipline of tithing; in this case, giving 10% or more of your lifetime assets.

Why should I consider participating?
We are caretakers of the gifts God has given us. As caretakers, we have responsibility to pass on our gifts to those who will follow. The joy of knowing your gifts will bring others close to God’s presence here on earth is yours for the asking.

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