Giving

Your generosity allows us to offer the hope, community, and love of Christ to people.

Give Now

All In: Believe, Serve, Give is our stewardship message for 2024. Looking at what it means to be all in our faith, our service, and our stewardship of the things God trusted to us. We will learn more about what it means to give, the biblical tithe, and how our faith in Christ inspires us to live generously in the world.  To make a commitment, click here. 

A Letter from Rev. Jennie

Your tithes and gifts are vital to the ministries and missions in and through our church. We are very grateful to you for your generosity and faithfulness. If you have any questions about giving, please reach out to Central’s Director of Finance, Keri Hays, at .

In every way, I've shown you that by laboring like this, it is necessary to help the weak and to keep in mind the words of the Lord Jesus, for He said, 'It is more blessed to give than to receive.'

Ways to Give

Virtually all of Central’s budgetary needs are met through annual giving. The operating budget for the church includes funding for all administration, debt payments, facility maintenance, ministries, personnel, and shared ministries. The best way to help Central meet our ongoing ministries and missions it to donate to our Annual Giving, preferably on a recurring basis.

Each November, the Central family is offered the opportunity to covenant with God for the coming year in how we will live out our membership vows by supporting the church with our prayers, presence, gifts, service, and witness.

Central’s needs are much the same from month to month. So, the most helpful way to support the church financially is by providing gifts on a regular basis (weekly, bi-weekly, monthly), either through the offering received each week or by an electronic gift, which can be set up through our website. If you prefer to provide gifts of appreciated stock or other assets, you may feel free to contact Central’s Director of Finance & HR, Keri Hays, at or 479-442-1829.

Although the vast majority of Central’s financial requirements are covered by our Annual Giving, there are limited opportunities to give other designated gifts to the church. Central strongly encourages designated gifts to be given in addition to Annual Giving not in place of it. Designated gift funds are established by the church’s Finance Committee. Per the church’s Gift Acceptance Policy, when gifts are designated for something other than a fund approved by the Finance Committee, the donor will be contacted and given the opportunity to re-direct the gift to an established designated fund or to the Annual Giving Fund. If neither option proves suitable, the donor will be offered a refund of their donation. The established funds are as follows:

  • Building Fund(s)
  • Child Sponsorships
  • Community Meals
  • Debt Retirement Fund
  • Disaster Recovery Fund
  • Flower Fund
  • General Memorial Fund
  • General Missions Fund
  • Good Sam Benevolence Fund
  • Ministerial Scholarship Fund
  • Music Memorial Fund
  • Seasonal Giving Fund
  • Student Ministries Missions Memorial Fund

Members of Central United Methodist Church give generously of their time and resources to support Central’s mission of making Christ central to life in Northwest Arkansas and throughout the world. Planned giving provides these generous members with the opportunity to further this mission and to support the future needs of our church past their lifetime.

While annual giving supports the operational expenses of the Church and funds the annual budget, planned giving offers a way for Central to address needs beyond those contained in the annual budget. When members remember Central in their wills, trusts, retirement accounts, life insurance designations, or other assets, they are providing future ongoing support to Central’s mission and ministries.

If you have questions about planned giving, please contact Keri Hays at   or 479-442-1829 with any questions or for more information about planned giving. 

A few additional resources that might prove helpful in your estate planning include a list of local estate planning attorneys and our Methodist Foundation of Arkansas.

List of Attorneys

Central has taken the liberty of assembling a list of attorneys in the Northwest Arkansas area who are known to have expertise in the area of estate planning. This is not an exhaustive list and attorneys may be added or removed from time to time. Central UMC does not have a formal relationship with any of these attorneys and we cannot vouch for the quality of their work but based on the reputation of those who have used them, we believe they all are very capable of providing a full slate of estate planning services. Click here to find the list of attorneys.

The Methodist Foundation of Arkansas

The Methodist Foundation of Arkansas is dedicated to helping people create and administer permanent charitable endowment funds to strengthen and expand the Methodist ministry in Arkansas. For valuable information and tools, please visit their website by clicking here.

There are many ways to

Make a Difference

The numbers

Where We Are in 2023

  • $2,352,074

    Donations
  • 569

    Donors
  • 161

    Weekly Volunteers
  • 600+

    Weekly Meals Served

Join the Story - Give Now

Planned and Forever Giving

Members of Central United Methodist Church give generously of their time and resources to support Central’s mission of making Christ central to life in Northwest Arkansas and throughout the world. Planned giving provides these generous members with the opportunity to further this mission and to support the future needs of our church past their lifetime.

While annual giving supports the operational expenses of the Church and funds the annual budget, planned giving offers a way for Central to address needs beyond those contained in the annual budget. When members remember Central in their wills, trusts, retirement accounts, life insurance designations, or other assets, they are providing future ongoing support to Central’s mission and ministries.

If you have questions about planned giving, please contact Keri Hays at  or 479-442-1829 with any questions or for more information about planned giving. A few additional resources that might prove helpful in your estate planning include a list of local estate planning attorneys and our Methodist Foundation of Arkansas.

Funds
Central already has established several funds that support the ministries and future needs of the Church. 


Forever

List of Attorneys

Central has taken the liberty of assembling a list of attorneys in the Northwest Arkansas area who are known to have expertise in the area of estate planning. This is not an exhaustive list and attorneys may be added or removed from time to time. Central UMC does not have a formal relationship with any of these attorneys and we cannot vouch for the quality of their work but based on the reputation of those who have used them, we believe they all are very capable of providing a full slate of estate planning services. Click here to find the list of attorneys.

The Methodist Foundation of Arkansas

The Methodist Foundation of Arkansas is dedicated to helping people create and administer permanent charitable endowment funds to strengthen and expand the Methodist ministry in Arkansas. For valuable information and tools, please visit their website by clicking here.

Planned Giving

Ministry

Elcan Youth Endowment Fund: This fund contributes to the needs of the student ministry program by funding special projects and expenses that occur outside of the normal operating budget. Meadors-McNeal Children's Endowment Fund This fund contributes to the needs of the children’s ministry program by funding special projects and expenses that occur outside of the normal operating budget. Rupert Special Event Endowment Fund The Rupert Fund was established to fund special church-wide events such as bringing regional and nationally known speakers to the Central campus.
General

Landscape Fund: The landscape fund is used for updating and enhancing the landscaping and grounds around the Central UMC campus.
 
Property Maintenance Fund:  The property maintenance fund supports projects that contribute to the long-term sustainability of Central UMC's buildings and equipment.

Scholarships

Ministerial Student Scholarship Endowment Fund: This fund is used to help Central members with seminary expenses, who are currently enrolled in seminary and are approved by the Charge Conference as a Certified Candidate for Ordained Ministry.

Music Scholarship Fund: This fund is used for scholarships that are available to students who are Arkansas residents and are either graduating high school seniors or college undergraduates enrolled in a four-year-accredited college or university. Applicants should also be majoring in music, music education, or a related field with potential for a career in music ministry.

Ways to Give

You will typically hear about giving to charity through your will or trust, but there are many easy ways to remember Central in your planned giving that do not require changes to your will or trust. Making CUMC the designated beneficiary of your life insurance policies, 401(k), IRA, and brokerage accounts is a simple, quick, and inexpensive way to achieve your charitable goals. Gift types vary and Central is equipped to accept all forms of assets. Other types of assets include, but are not limited to: real estate, personal property, and direct stock transfers.

Thank you for considering a planned gift to Central United Methodist Church to help ensure its future ministry. We can help you determine which type of gift is the best fit for your charitable giving goals and financial objectives. Below is a description of the many ways you can give.

Ways To Give

1. Cash

If you desire to contribute to Central anytime during your life, please contact Keri Hays ( ) to discuss your charitable intent. Donors who give during life get to see the benefits of their gifts and realize the tax benefits of giving. 

2. Retirement Plan Assets

A retirement plan is one of the best types of assets to transfer to Central following death because of the income tax consequence. Most inherited assets are free from income tax. However, an heir will pay income tax on disbursements from a decedent’s retirement plan such as a profit-sharing plan, Section 401(k) plan, or IRA. If you are going to make a charitable bequest, it is usually better to transfer assets subject to income tax to a tax-exempt charity – such as Central United Methodist Church – and to transfer assets not subject to income tax to heirs.

For a taxable estate over $3 million, the combination of estate and income taxes will frequently exceed 75 percent of the total amount – even more if the generation-skipping transfer taxes are triggered. At a cost to your heirs of only 25 percent of the fair market value of these types of assets, you could apply 100 percent of the assets to Central to accomplish your specific charitable objectives.

Of course, married couples can postpone the decision by transferring the assets to the surviving spouse and claiming the marital estate tax deduction. However, since that deduction is not available to unmarried individuals and the second-to-die of married couples, a charitable bequest of pension plan assets might be the best option. 

3. Stock

A gift of stock is one of the easiest methods to make a gift. If the stock has appreciated, the donor not only avoids the capital gains tax on the appreciation but also receives a charitable deduction for the full fair market value of the stock at the time of contribution.

4. Life Insurance

You may have purchased life insurance when you needed protection for your family, business or estate. In later years, you have found you no longer need that insurance. If you want to achieve immediate tax benefits, you should consider irrevocably assigning an insurance policy to CUMC.

Giving life insurance as a gift to charity allows even those with modest means to leave a substantial contribution to the cause most meaningful to them. A gift of life insurance is a deferred gift, which means the proceeds from a commitment made now will be realized in the future. Donors often struggle between their desires to achieve philanthropic goals and their need to preserve their estates for their families. A gift of life insurance can eliminate this conflict.

In addition to gifting an existing life insurance policy, a new life insurance policy can be purchased from your life insurance professional naming Central as owner and beneficiary. The initial premium payment plus subsequent insurance premium payments made by the donors are deductible as charitable contributions. A gift of insurance will not reduce your current stream of income. 

5. Naming CUMC as Beneficiary

Perhaps a charitable gift sounds attractive but you are not ready to give up ownership of your life insurance. By naming Central as beneficiary only, you retain ownership of the policy; have access to the cash value, and have the right to change the beneficiary. If you would prefer that a member of your family remain the primary beneficiary, you can make CUMC the contingent or successor beneficiary to receive the proceeds if your primary beneficiary dies before you.

Because you retain ownership of the policy, there is no charitable deduction for the value of the policy upon designation of Central as beneficiary or for subsequent premium payments. However, any proceeds payable to Central United Methodist Church at your death will not be subject to federal estate tax. 

6. Charitable Bequests: Last Will and Testament or Living/Recovable Trust

Including a charitable bequest as a part of your will is a great way for you to provide long-term support for Central United Methodist Church while also effectively managing your estate. Making a charitable bequest is easy. If you want to leave a bequest to Central, you must specifically do so in a will or trust. Your will or personal trusts are legal records of your wishes regarding how your assets should be handled at your death. Instructions regarding the dispensation of your assets are called bequests.

Charitable Bequests are not subject to estate or inheritance taxes, therefore reducing the tax burden of an estate. Charitable bequests also provide flexibility because they may be changed at any time. Your estate will be entitled to a charitable deduction for the full, fair market value of your gift. Central can assist you and your attorney with the standard legal language necessary to establish your charitable bequest.

General Bequest 

With this type of bequest, you simply leave a specified dollar amount (e.g., $25,000) to CUMC.

Specific Bequest 

A bequest of this type involves the designation of specific property (e.g., a home, a farm, or shares of stock) that you want CUMC to receive.

Residuary Bequest 

Through a residuary bequest, CUMC will receive the remainder of your estate after all liabilities and other bequests have been paid. It may augment a general or specific bequest to CUMC if the size of the estate allows, or may ensure that other beneficiaries receive their bequests prior to distribution to CUMC.

Percentage Bequest 

You may direct that CUMC receive a percentage of your estate or residuary estate. In this case, if the size of your estate changes, the bequest will change proportionately.

Contingent Bequest 

It is important to anticipate a situation in which a beneficiary might die before you or choose to disclaim the property. To prepare for such an occurrence, consider naming CUMC as the contingent beneficiary. 

7. Memorial Gifts

There are several ways to memorialize those dear to you. Gifts may be made to CUMC in memory of deceased persons, to honor living persons, or to commemorate anniversaries or other special events.

8. Gifts in Lieu of Flowers

It may be appropriate to remember a loved one by requesting that “in lieu of flowers, the family suggests that contributions be made to Central United Methodist Church.”

9. Charitable Remainder Trust

A charitable remainder trust is an efficient estate planning vehicle. It is a special type of trust that provides for and maintains two sets of beneficiaries. The first set is the income beneficiaries (you and, if married, a spouse). Income beneficiaries receive a set percentage of income for their lifetime or for a fixed term not to exceed 20 years from the trust. The second beneficiary would be CUMC. Central would receive the principal of the trust after the income beneficiaries pass away.

There are two basic types of charitable remainder trusts; one is an annuity, and one is a unitrust.

Establishing either trust is simple:

Cash or property is transferred to the trust. The income beneficiaries receive annually an amount equal to a fixed percentage of the trust’s fair market value (unitrust) or a fixed dollar amount (annuity trust). Upon termination of the trust, the assets are transferred to CUMC. The eventual distribution to CUMC will take effect only at the death of the trust’s income beneficiaries (or at the end of the term of the trust if a fixed term is chosen for the trust). 

10. Charitable Gift Annuity

A charitable gift annuity is a way for you to receive a guaranteed income for life and an immediate income tax deduction, while at the same time leaving a legacy to CUMC.

When you transfer assets to a Charitable Gift Annuity, you receive a fixed stream of income for life. After paying the lifetime annuity to you – and your spouse, if you choose – the remaining principal is transferred to Central.

Payments to you are based on your age – the older you are, the higher the rate. If the annuity is for you and your spouse, the calculation is based on your joint ages. You can choose to receive payments quarterly, semi-annually or annually. If you do not need the income now, you can use a deferred plan, receive the income tax deduction now, but begin receiving payments when you reach a specific age. This is an excellent complement to your existing retirement plan.

The tax advantages of both a current and deferred annuity are two-fold. First, you receive an immediate income tax charitable deduction when you create your annuity. The amount of the deduction is based on your age and annuity payout rate. Second, a portion of the payments you receive may be treated either as a tax-free return of principal or long-term capital gains. These tax advantages increase the net income you receive. 

Resources

List of Attorneys
Central has taken the liberty of assembling a list of attorneys in the Northwest Arkansas area who are known to have expertise in the area of estate planning. This is not an exhaustive list and attorneys may be added or removed from time to time. Central UMC does not have a formal relationship with any of these attorneys and we cannot vouch for the quality of their work, but based on the reputation of those who have used them, we believe they all are very capable of providing a full-slate of estate planning services. Click here to download the list of attorneys.

The United Methodist Foundation of Arkansas
The United Methodist Foundation of Arkansas is dedicated to helping people create and administer permanent charitable endowment funds to strengthen and expand the United Methodist ministry in Arkansas. For valuable information and tools, please visit their website by clicking here.

Frequently Asked Questions

How does my commitment to Central United Methodist Church’s annual giving differ from a planned gift?

While annual giving supports the operational expenses of the Church and funds the annual budget, planned giving offers a way for the church to address needs beyond those contained in the annual budget. Your contributions will allow the church to address the needs of facilities, missions, and ministries beyond what the annual giving will allow. As assets grow and are distributed, the Church’s missions and ministry can grow beyond the annual giving.

How can I donate?

You will typically hear about giving to charity through your will or trust, but there are many easy ways to remember Central in your planned giving that do not require changes to your will or trust.

I have already established a will. How do I include Central in my future gift plans?

In regards to a will or trust, oftentimes a small amendment can be made to your existing estate plan, but some circumstances require more. If your current planned gifts include CUMC, let us know so we can fully understand your intentions.

What is the minimum donation?

There is no minimum donation to our general endowment funds. All gifts are welcome

What if I change my mind?

Until the gift is made (assets transferred), it is only a declaration of intent. If your intent changes at any time, you can modify the gift. Central recognizes that donor intent changes over time and can accommodate those changes.

Is there any tax benefit to donating to Central United Methodist Church?

Yes. Similar to annual giving at Central or other charities, you will realize tax savings based on your giving. We encourage you to consult your tax advisor for further information.

What do I do if I have already remembered Central United Methodist Church in my will?

Contact Keri Hays at    or 442-1829 for help with this.