Planned Giving

The Benefits of Planned Giving

  • You can make a gift that costs you nothing during your lifetime.
  • You can make a gift that leaves your cash flow and current financial planning unchanged.
  • You don’t have to use cash to make your gift; you can “buy low and give high” by making your gift with appreciated securities instead.
  • Planned gifts help build Lutherhaven’s permanent Endowment Fund and give to camp twice … today and forever!

Gifts of Stock and Appreciated Assets

  • You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to Lutherhaven Ministries.
  • Lutherhaven Ministries sells your securities and uses the proceeds for its programs.
    Benefits
  • You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
  • You pay no capital gains tax on the transfer when the stock is sold.
  • Giving appreciated stock could be more beneficial than giving cash.

 

Gifts from your Will or Trust

  • Include a bequest to Lutherhaven Ministries in your will or trust.
  • Make your bequest unrestricted or direct it to a specific purpose.
  • Indicate a specific amount, or a percentage of the balance remaining in your estate or trust.
  • Your assets remain in your control during your lifetime.
  • You can modify your gift to address changing circumstances.
  • You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
  • Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.

 

Gifts From your Retirement Plan

  • Name Lutherhaven Ministries as a beneficiary of your IRA, 401(k), or other qualified plan.
  • Designate us to receive all or a portion of the balance of your plan through your plan administrator.
  • The balance in your plan passes to Lutherhaven Ministries after your death.
  • Avoid the potential double taxation your retirement savings would face if you designated them to your heirs.
  • Continue to take regular lifetime withdrawals.
  • Maintain flexibility to change beneficiaries if your family’s needs change during your lifetime.

 

Gifts of Life Insurance

  • You designate Lutherhaven as the beneficiary of an existing life insurance policy OR transfer ownership of a paid-up life insurance policy to Lutherhaven Ministries.
  • Lutherhaven Ministries receives the value of the policy when you are called to heaven.
  • Make a gift using an asset you and your family no longer need.
  • Receive an income tax deduction for the value of your investment.