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People like you donate their
time, talents and resources because they care about Gloria Dei and the church's
service to generations to come.
A Charitable Tradition
Our country's rich heritage of philanthropy and community involvement is
reflected in the more than $90 billion Americans give to charitable and
nonprofit organizations every year. Just as important, people like you donate
their time, talents and resources because they care about worthy causes - causes
like church, schools, community development, libraries, neighborhood
improvement, and many more.
Although the commitment is great, you may be unaware of the many options you
have when it comes to charitable gifts--options that can benefit your personal
financial situation as well as Gloria Dei.
What is Planned Charitable Giving?
Planned charitable giving is defined as any gift to a charity other than a
current gift of cash. This type of giving enables you to enjoy the results of
your gift during your lifetime while making a significant investment in the
future of Gloria Dei. What's more, you may be able to obtain an immediate tax
deduction, receive an income stream for life, and enjoy estate tax savings and
other financial benefits.
Charitable Giving Options
Planned charitable giving techniques can be as simple as donating an asset
directly to Gloria Dei or as complex as setting up a trust with the help of an
attorney and professional financial advisor. You have a wide variety of choices
when planning your donation--from gifts of real estate or tangible property to
appreciated stocks and securities. For example, you can donate your residence,
ranch or farm, commercial property or apartment building. Some of the most
common charitable giving techniques are described below:
Bequest in your will
A bequest is a deeply personal way of remembering The Gloria Dei Endowment
Fund. An outright bequest is fully deductible for purposes of the federal
estate tax. While reducing or even eliminating estate taxes, the bequest can establish
a lasting memorial to someone you wish to honor.
Gift annuity
This type of planned gift pays you and/or other beneficiaries an income for
life. These gifts can be funded with cash, stock or other types of property. The
advantages include an initial tax deduction, partially nontaxable payments, and
possible realized capital gains that are reported over your life expectancy. The
Gloria Dei Endowment Fund, in turn, receives a substantial gift upon your
death and/or that of other beneficiaries.
Charitable remainder trust
A charitable remainder trust provides regularly scheduled payments to you, a
spouse or other individual for life or a term of years. As the designated
beneficiary, The Gloria Dei Endowment Fund receives all of the remaining
funds at the end of that period. You minimize or eliminate estate and gift
taxes, and possibly avoid capital gains taxes.
Charitable lead trust
This type of gift provides The Gloria Dei Endowment Fund with a fixed
stream of income for a term of years or the life of the donor or designated
beneficiary. At the end of that time, the balance is either transferred back to
you, the donor, or to a designated beneficiary.
Pooled income fund
This is a trust that pools contributions, typically property, from a number
of donors. The Gloria Dei Endowment Fund creates and manages the fund,
receives the principal, and pays life income interest to the donors or their
beneficiaries. This lifetime income is a proportional share of the annual income
earned by the fund, based on the fair market value of the property when it was
contributed. Before dealing with more complex arrangements like wills or trusts,
we recommend that you seek advice from competent legal and tax
professionals.
Gift of life insurance
Gifts of life insurance provide your organization with the security of future
income. Upon your death, cash proceeds are received promptly, without tax
liability or administrative costs. By purchasing a life insurance policy and
naming The Gloria Dei Endowment Fund as owner and beneficiary, you are
able to leverage your contribution into a much larger gift. You may also simply
name The Gloria Dei Endowment Fund the beneficiary of all or a portion of
a life insurance policy.
Retirement plan
Today, more than ever, retirement plans are more prevalent. Because your plan
may have assets in it when you die, you can name The Gloria Dei Endowment
Fund as a percentage beneficiary.
Implementing this type of gift is simple and confidential. It also eliminates
the potential "triple tax" on these assets at your death. Up to 73% of
monies remaining in your retirement plan could go to the IRS without proper
planning.
We Can Help You Plan
You don't have to be wealthy to care about and support The Gloria Dei
Endowment Fund. Nor do you need a lot of money to take a planned approach to
charitable giving.
Planned giving offers you:
- A sense of satisfaction, knowing you can provide meaningful support to a
favorite cause.
- An investment and giving strategy that works for you and Gloria Dei.
- Cash flow you can live with, and give with.
- Tax deductions that make sense within your total financial plan.
- Answers to some tough questions about planned giving.
We will gladly work with you and your tax and accounting professionals to
ensure that your charitable giving goals fit into your total financial plan. If
you'd like to find out more about how the planned charitable giving techniques
can help you and Gloria Dei, please contact the
Church
office. We will respect your time and your privacy.
What planned giving can mean to The Gloria Dei Endowment Fund
- Help ensure a strong and promising future for Gloria Dei as the church
continues to serve righteous human needs.
- Give much needed financial support now and in the future by participating
with others who also care about Gloria Dei.
- Create a larger gift than you might otherwise be able to provide through
small annual donations.
- See the start of important projects during your lifetime because of Gloria
Dei's expectation of future proceeds.
What planned giving can mean to you
- Experience the joy of investing in ideas and principles that you cherish.
- Provide a living memorial to yourself, your family or someone you love.
- Significantly reduce taxes including income, estate and gift taxes.
- Become a major donor for a fraction of the actual gift.
- Provide cash flow for yourself or someone close to you, and at the same
time you donate funds to The Gloria Dei Endowment Fund.
- Embrace the principle of Testamentary Tithing.
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Gloria
Dei Lutheran Church
