 |
|
| Planned Giving Options |
Create a bequest by including a gift to MOST Ministries in your Will or Trust document. Upon your death, your estate may receive an estate tax charitable deduction for the value of the bequest. For additional information on this planned giving option contact the LCMS Foundation at 888.930.4438 or at www.lfnd.org
Designate MOST Ministries as a beneficiary of your life insurance, annuity, trust, IRA or other legal contract. Again, your estate may receive an estate tax charitable deduction for the value of the assets transferred to MOST Ministries after you die.
Gift a new or existing life insurance contract to MOST Ministries. The contract's value and premiums, gifted to MOST Ministries, may qualify you for an income tax deduction. Upon your death, the insurance proceeds are given to MOST Ministries.
Transfer your ownership of an investment (i.e. land, mutual fund, stock, etc.) to MOST Ministries. Generally, you can receive a charitable income tax deduction for the gift you've made while you're living if you itemize deductions on your income tax return. You may be able to reduce or eliminate significant capital gains and estate taxation through this type of gift as well.
Gift an annuity to MOST Ministries. You can transfer money or property to MOST Ministries and still receive a fixed income for your and/or a survivor's lifetime. Generally, you can receive a charitable income tax deduction for the difference between the market value of your gift and the value of the retained annuity.
Gift an IRA to MOST Ministries. With pre-planning, funds in a traditional IRA can be given to MOST Ministries upon your death. Because these funds are transferred after death, you will not pay any income taxes on the funds that remain after your death. And, your estate can generally receive a charitable estate tax deduction as well.
Gift money or property to MOST Ministries through an Irrevocable Charitable Remainder Trust in exchange for an income during your life and/or the life of your survivor. After your death, any remaining value in the Charitable Remainder Trust passes directly to MOST Ministries. You may defer, reduce or eliminate capital gains tax otherwise due on the sale of the assets. You may also receive an immediate charitable income tax deduction on the remainder interest of the property that passes to MOST Ministries. Finally, the asets in the Charitable Remainder Trust may escape some estate tax after your death as well.
For further information on charitable giving opportunities, contact Lance Moquin, MOST Ministries' Financial Administrator.
You should always consult with legal and tax experts for advice before putting a plan into action or making a charitable gift. Lack of proper advice could lead to adverse consequences and beneficial tax advantages could be lost as well. Your attorney and tax advisor can help you understand the best giving options for you.
 |
|
|
