Online Giving

You may make a donation through PayPal using credit cards, debit cards, bank accounts or a PayPal account. PayPal accepts MasterCard, Visa, American Express, Discover and most bank cards. A PayPal account is not required and all gifts are tax-deductible.

To make a contribution, simply click on the “Make Donation” button on the right and follow the prompts to enter the amount of your contribution. After you submit your gift information, a confirmation email will be sent to you. This is considered a valid receipt. In addition, your gift will appear on your regular First Presbyterian Church giving statement.

Contact Ivy Robinson with questions about online giving at 757-428-6332 ext. 224.

Endowments

First Presbyterian Church opened at 36th Street and Pacific Avenue in the Town of Virginia Beach while the dreary effects of the Depression still lingered. A small congregation with typically modest incomes stepped forward with cash and pledges to buy the land and construct our chapel and some classrooms. It was a collective statement of faith which has benefited our congregation for over seventy years.

Our first endowment gift is used every Sunday at the 8:30 AM service. Most members and visitors are unaware that the pews in which we sit, as it was at that first service held, were a gift of William F. Patton, a faithful member from 1927 to his death in 1967.

Those who endow our church are forgotten as the years pass while the generations who follow compound the benefits of their generosity. A gift such as this is from the heart for the glory of God.

Should you wish to consider a living or testamentary gift please contact a member of your Endowment Committee. Stuart Bryant, Chairman, Laurie Dawson, John Fain or the church office at office@firstpresvb.org or 428-6332.

Planned GivingThe staffing, programs, facility maintenance and missions of First Presbyterian Church are dependent upon the offerings made by its members. In addition to annual pledges, there are the options of gifts directed by your will and other deferred gifts-“planned gifts”. Often, a planned gift by you to First Presbyterian Church can allow you to make a much larger gift than you ever thought possible, while at the same time providing income and tax benefits to you. The following are several methods by which planned gifts may be made to First Presbyterian Church:

Bequests Bequests are gifts made to the Church through your will or living trust. A bequest can direct that the Church be given virtually any kind of property; cash, securities, real estate, personal property or a percentage of your estate. This type of planned gift typically results in an estate tax deduction. It is also quite flexible in that the gift may be directed to a particular Church program, the gift may be changed throughout your lifetime, and you are allowed to retain your assets during your lifetime.

Life Insurance You may find that you own a life insurance policy which you no longer need or decide to fund a new policy to support the Church. A life insurance policy provides an excellent way to make a substantial gift to First Presbyterian. The gift would be made by designating the Church as the beneficiary of your life insurance policy, transferring to the Church a fully paid policy or purchasing a new policy and naming the Church as beneficiary and owner (in this case, you would contribute the amount of the annual premium payment to the Church-this amount would be tax deductible).

Charitable Remainder Trusts A charitable remainder trust can provide a current income stream to you and a future gift to First Presbyterian, while providing you with tax benefits. The charitable remainder trust is an irrevocable gift to First Presbyterian Church which may be funded with cash, securities or real estate. You may stay involved in the investment decisions of the trust by acting as a trustee. You may choose to receive annual income of 5% or more of the value of the trust for your life or for a predetermined time of no more than 20 years. When the trust terminates, any remaining property passes to First Presbyterian Church. You receive an income tax deduction of a portion of the trust’s value in the year that you create the trust. If you contribute an appreciated asset, you may avoid paying capital gains tax.

Charitable Lead Trusts A charitable lead trust may be viewed as functioning as the opposite of the charitable remainder trust. The charitable lead trust involves the transfer of assets to a trust that will make payments to First Presbyterian for a set number of years or for a lifetime. Upon the termination of the trust, the trust assets remaining pass back to you or your named beneficiaries. In essence, you are gifting the earning power of the trust assets to First Presbyterian for a period of time. The gift made via the charitable lead trust is taxed, with respect to gift tax, at the time of the creation of the trust, thus avoiding a transfer tax on the appreciated value of the trust assets at the conclusion of the designated time period.