Sunday School • 9:45am
13100 Warwick Blvd • Newport News • VA 23602
Tel: 757.249.0374
Other Ways to Give
To Reformation’s Ministries
With a bit of planning you can create a valuable legacy and strengthen one or more ministries of the church. There are a variety of ways to give both to Reformation and to other organizations in the community:
Bequest - A gift of property by will. The most common of all deferred giving plans. Sample Language for Types of Bequest
Retirement Account Gifts - When used for a charitable gifts IRAs, 401(k)s, 403(b)s are not subject to income taxes or possible estate taxes. They are less valuable to heirs (who may pay taxes) than charities or ministries of the church (not subject to income or estate taxes). Using these assets for deferred charitable gifts means that heirs inherit more valuable and tax-favored assets. More information select: Retirement Plans.
Real Estate Gift Options - Whether your real estate is grand or humble, in the city or in the country, considering this asset for a charitable gift for a ministry of the church is worthwhile. While many choose to use real estate for an outright gift, now; others use this asset to create a gift which provides lifetime payments. Either way the gift is greatly needed and appreciated. To discover more select: Giving Real Estate.
Charitable Gift Annuity - You make a cash or securities gift to the Evangelical Lutheran Church in America and that gift provides you with annual (or quarterly payments) for the remainder of your life. Minimum gift of $1,000.00 is required [$2,500 in California]. Rates, based on age, are fixed for life. Benefits | Example
Deferred Payment Charitable Gift Annuity - An irrevocable gift of $1,000 [$2,500 in California] or more of cash or marketable securities for a Mission Office for Planned Giving partner or ministry of the ELCA of your choice. Benefits | Ways To Give
Charitable Remainder Trust - Gives you the option to choose who will receive annual payments for life or a specified term of years. Minimum gift of $100,000 is necessary. You may use real estate and/or other appreciated assets. Types | Benefits
Pooled Income Fund - An irrevocable gift of $2,500 or more of cash or marketable securities in exchange for a life income to individual beneficiaries.
Charitable Life Estate Agreement - An agreement where you irrevocably deed your ownership in your mortgage-free residence to the Evangelical Lutheran Church in America and receive, in return, lifetime payments.
Testamentary Charitable Remainder Unitrust - Designated funds from your estate or qualified retirement plans of at least $100,000 used to set up a testamentary charitable remainder unitrust for individual income beneficiaries of your choosing.
Life Insurance - Can be used as gift vehicle by requesting a change of beneficiary form from your insurance provider or representative.
Payable on Death Note (POD) - A revocable arrangement of assets to help you make a gift to your favorite ministry upon death.
Last Updated: Monday, May 5, 2008 5:52 PM