Planned Gifts
Planned philanthropy guarantees that your concerns for those who cannot pay the full cost of their care in years to come are met. Gifts that Luthercare accepts and encourages include the following:
Bequest through your Will
Include a bequest to Luthercare through a new will or a codicil to your existing will. With the help of an attorney, you can designate a specific dollar amount or a percentage of your estate for the Organization. Our correct corporate name is Luthercare.
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Insurance Policy
If you no longer need the protection of a life insurance policy, you can make Luthercare the beneficiary of your policy or transfer ownership to the organization.
Individual Retirement Assets
Individual Retirement Accounts (IRA), Keogh, 401K, 403b as well as pension and profit sharing plans are heavily taxed when they are passed to heirs in a new generation. By making Luthercare the beneficiary of all or part of your retirement account, you may be able to reduce taxes significantly and help your heirs.
Trusts
A trust enables you to provide income for yourself or others for a period of years while making a generous gift to Luthercare. Some examples of trusts you can use to help you meet your charitable goals could include Charitable Remainder Unitrust, Charitable Remainder Annuity Trust or Charitable Lead Trust. Contact your own professional advisor or lawyer for details on how trusts could work for you.
Other Deferred Gifts
Assets such as real estate, U.S. Savings Bonds, savings accounts and certificates of deposit can also be used to make a gift to the Evergreen Fund. A simple way to give these assets to Luthercare is to name us as the beneficiary of your accounts.
Charitable Gift Annuity
You may enter into a gift annuity agreement through Luthercare and the Evangelical Lutheran Church in America Foundation. Designate Luthercare or one of its community ministries as the entity to receive the remainder balance of the annuity upon your death. A gift annuity provides a lifetime income for you, saves on taxes, and makes a difference in the lives of people we serve. Contact Luthercare for a FREE personal illustration on how a gift annuity can provide tax-free income for you and/or your spouse.
Personal Illustration
Deciding what kind of gift will provide the greatest benefit to you and Luthercare takes time. If you would like help to decide which gift best suits your needs and goals, contact us for information online or at (717) 626-1171. Click here for pdf form
