The work of UFM Worldwide mission partners around the world is supported by many Christians and churches who partner with us in prayer and financial support.
Legacy giving is an extension of our giving throughout our lives. It provides an opportunity to make a final gift out of all that the Lord has entrusted to us. In this way, one generation passes on to the next the resources needed for the ongoing work of making disciples of all nations, taking the gospel to the least reached and supporting under-resourced churches around the world.
The legacy income that we continue to receive each year is a wonderful provision and an important part of our annual income. We hope this information will help you to consider prayerfully whether you wish to make provision in your will for legacies for the support of the Lord’s work through UFM Worldwide.
Did you know?
There are a number of advantages to leaving a gift to charity in your will:
- The amount of the gift will be taken off the value of your estate before inheritance tax is calculated.
- If 10% or more of the net estate is left to charity, the government will reduce the inheritance tax rate applied to your entire estate from 40% to 36%.
If you think your estate will be liable to inheritance tax, we recommend that you take professional advice to ensure that any other necessary wording is included in your will.
Making a will
Making a will legally protects your assets after your death and ensures that your dependents, such as your spouse and children, will be provided for. Without a will you cannot be sure that your wishes will be carried out; instead, it will be left for the law to determine. Making a will brings you peace of mind. In the same way that you make financial decisions during each part of your life, making a will is another aspect of being a faithful steward of what God has given you.
Making a will is easier than you may have thought, but we do recommend that you seek professional advice in drawing up your will.
Leaving a legacy
For many, the priority will be to provide for your own family. Once this provision has been made, you may wish to consider leaving a gift to those gospel ministries you now support. Making provision for a legacy is a continuation of your present commitment to gospel ministry around the world. Legacy income makes a significant contribution to UFM’s work in helping churches to identify, train, send and support workers for crosscultural mission.
There are two ways that you can make a gift to UFM Worldwide in your will. You can give a fixed sum called a ‘pecuniary legacy’ or you can give a share of your entire estate after any deductions, called a ‘gift of residue’.
We recommend that you take advice from a solicitor about how to make a will. If a will is not signed or witnessed in the correct way, it may be invalid. If you already have a will and do not wish to change it, you could talk to your solicitor about making a codicil to simply add a pecuniary legacy to your will. A codicil may not be advisable if you are giving a gift of residue.
Whilst you don’t have to inform us if you do decide to include UFM Worldwide in your will, we would be delighted if you could let us know. To request our Giving By Legacy leaflet, please contact us at our main office.
Thank you so much for your partnership in the gospel.