Legacy Giving

Live Generously!

At Grace we want to encourage a lifestyle that is fueled by intentional, generous, and courageous giving.

As Christians we know that service to Christ is not only through words. Oftentimes, our actions, such as intentionally leaving a planned gift of money or property to Grace Lutheran Church, will become our “legacy of ministry”.

Our love, values, and generosity are saved as a legacy in the hearts and lives of our children and grandchildren.

It is our hope that by supporting the ministries at Grace we will be teaching our children to be generous, as well as participating in the ongoing sustainability of an excellent ministry until Jesus Christ returns.

Options to Give

Bequest – You designate our organization as the beneficiary of your asset by will, trust, or beneficiary designation form.

Charitable Bequest

A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Grace Lutheran Church that will make a lasting impact.

Benefits of a bequest

✓ Receive an estate tax charitable deduction
✓ Reduce the burden of taxes on your family
✓ Leave a lasting legacy to charity

How a bequest works

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends, or Grace Lutheran Church as a part of your estate plan, or you can make a bequest using a beneficiary designation form.

Here are some of the ways to leave a bequest to Grace Lutheran Church

  • Include a bequest to Grace Lutheran Church in your will or revocable trust
  • Designate Grace Lutheran Church as a full, partial or contingent beneficiary of your retirement account (IRA, 401(K), 403(b), or pension)
  • Name Grace Lutheran Church as a beneficiary of your life insurance policy

A bequest may be made in several ways

  • Percentage bequest – make a gift of a percentage of your estate
  • Specific bequest – make a gift of a specific dollar amount or a specific asset
  • Residual bequest – make a gift from the balance or residue of your estate

Create a Lasting Legacy

Click here to review sample bequest language.

We would be happy to assist you. If you have been so generous as to include a bequest to Grace Lutheran church as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.

Grace is on the journey with Jesus in our community through life groups, mission efforts, Bible studies, livestreaming worship, providing a dedicated, loving and family-oriented preschool, along with social and athletic opportunities. So many things yet to come.

At Grace you have the opportunity to lead with your legacy. You will be able to pass forward an enormous value to the next generation demonstrating the importance of using the gifts which God has given to you. You are making a difference in the lives of others. Contact us for further information.

Gift Examples

Fixed Income for Retirement

Capital Gains Tax Bypassed

Endowment Gift

The Retirement Unitrust

Flexible Deferred Gift Annuity

Current Gifts

Unspent Retirement Savings

A Bequest to Save Taxes

Bequest of Insurance Policy Proceeds

Tax Free Sale

Peace of Mind Gift Annuity

Sale and Unitrust

Property Turns Into Income

Part Gift and Part Sale

Deferred Gift Annuity

Gift Annuity for Real Estate

Leading for the Future

The Lutheran Church also offers assistance with gift and legacy planning through Legacy Deo. Contact them: 1.800.880.3733 or legacydeo.org/about/contact

Ways to GiveYour Goals and BenefitsHow It Works
LAST WILL AND TESTAMENTControl your assets during your lifetime Leave legacy gifts to family and ministryStipulate a specific amount or percentage of your state for family and the ministries you wish to remember
CHARITABLE REMAINDER UNITRUST (CRUT)Lifetime income for self and spouse

Additional income for family

Future gift to church and favorite ministries

Increased income from appreciated assets

Avoid capital gains

Reduced income tax burden
Give cash or other assets to Legacy

Deo to fund your CRUT

Legacy Deo sells assets without capital gains tax

You receive income tax deduction

Lifetime income for you and your spouse

Income to other family for up to 20 years

CRUT remainder given to ministries you choose
CHARITABLE GIFT ANNUITY (CGA)Lifetime income for self and spouse

Increased income from appreciated assets

Avoid capital gains
Reduced income tax burden

Future gift to Legacy Deo
Give cash or other assets to Legacy

Deo to fund CGA

Legacy Deo sells assets without capital gains tax

You receive income tax deduction

Lifetime fixed income for you and your spouse

Much of annual CGA income is tax-free

CGA remainder becomes gift to Legacy Deo
BENEFICIARY DESIGNATIONRetained ownership of financial accounts, life insurance policies, retirement plans throughout lifetime

Gifts to family and ministry without probate at time of death
Complete beneficiary designation forms provided by bank, insurance company or investment firm

Keep your forms updated and current
At time of death, designated gifts are distributed
DONOR ADVISED FUND (DAF)Gifts made now can be distributed later

Freedom to choose charitable recipients year after year

Current income tax deduction
Give cash or other assets to Legacy Deo

DAF assets invested by Legacy Deo for future distribution

You advise Legacy Deo when, how much and to which recipients your gift should be distributed

Additional gifts may be added at any time
WHAT TO GIVEYour Goals and BenefitsHow It Works
CASHSimplicity in giving
Increase tax deductions
An immediate short-term or permanent financial impact on your favorite ministry

An immediate charitable income tax deduction

Possible increased income while you are living
STOCKS AND BONDSGive appreciated securities to benefit your favorite ministry

Give in a tax-efficient manner
Avoid capital gains tax

An immediate charitable income tax deduction

Possible increased income while you are living
REAL ESTATEGive appreciated real property (ranch, farm, home, vacation property, land, mineral interest) to benefit a ministry

Give in a tax-efficient manner
Avoid capital gains tax

An immediate charitable income tax deduction

Possible increased income while you are living
RETIREMENT ASSETSGive retirement assets (IRA, 401K, 403b, pension or other tax-deferred plan) by naming a full or partial charitable beneficiary of your planReduced tax burden to family members on inherited retirement assets

A potential estate tax charitable deduction
LIFE INSURANCERepurpose an existing policy to benefit your favorite ministry
Repurpose an existing policy to benefit your favorite ministry
A potential income tax or estate tax deduction

Flexibility to make gift now or later

Ways to Give

Your Goals and Benefits

How It Works

LAST WILL AND TESTAMENT

Control your assets during your lifetime Leave legacy gifts to family and ministry

Stipulate a specific amount or percentage of your state for family and the ministries you wish to remember

CHARITABLE REMAINDER UNITRUST (CRUT)

Lifetime income for self and spouse

Additional income for family

Future gift to church and favorite ministries

Increased income from appreciated assets

Avoid capital gains

Reduced income tax burden

Give cash or other assets to Legacy

Deo to fund your CRUT

Legacy Deo sells assets without capital gains tax

You receive income tax deduction

Lifetime income for you and your spouse

Income to other family for up to 20 years

CRUT remainder given to ministries you choose

CHARITABLE GIFT ANNUITY (CGA)

Lifetime income for self and spouse

Increased income from appreciated assets

Avoid capital gains

Reduced income tax burden

Future gift to Legacy Deo

Give cash or other assets to Legacy

Deo to fund CGA

Legacy Deo sells assets without capital gains tax

You receive income tax deduction

Lifetime fixed income for you and your spouse

Much of annual CGA income is tax-free

CGA remainder becomes gift to Legacy Deo

BENEFICIARY DESIGNATION

Retained ownership of financial accounts, life insurance policies, retirement plans throughout lifetime

Gifts to family and ministry without probate at time of death

Complete beneficiary designation forms provided by bank, insurance company or investment firm

Keep your forms updated and current

At time of death, designated gifts are distributed

DONOR ADVISED FUND (DAF)

Gifts made now can be distributed later

Freedom to choose charitable recipients year after year

Current income tax deduction

Give cash or other assets to Legacy Deo

DAF assets invested by Legacy Deo for future distribution

You advise Legacy Deo when, how much and to which recipients your gift should be distributed

Additional gifts may be added at any time

WHAT TO GIVE

YOUR GOAL

YOUR BENEFITS

CASH

Simplicity in giving
Increase tax deductions

An immediate short-term or permanent financial impact on your favorite ministry

An immediate charitable income tax deduction

Possible increased income while you are living

STOCKS AND BONDS

Give appreciated securities to benefit your favorite ministry

Give in a tax-efficient manner

Avoid capital gains tax

An immediate charitable income tax deduction

Possible increased income while you are living

REAL ESTATE

Give appreciated real property (ranch, farm, home, vacation property, land, mineral interest) to benefit a ministry

Give in a tax-efficient manner

Avoid capital gains tax

An immediate charitable income tax deduction

Possible increased income while you are living

RETIREMENT ASSETS

Give retirement assets (IRA, 401K, 403b, pension or other tax-deferred plan) by naming a full or partial charitable beneficiary of your plan

Reduced tax burden to family members on inherited retirement assets

A potential estate tax charitable deduction

LIFE INSURANCE

Repurpose an existing policy to benefit your favorite ministry

A potential income tax or estate tax deduction

Flexibility to make gift now or later

This information is not intended as tax, legal or financial advice.  Gift results may vary.  Consult your personal financial advisor for information specific to your situation.   

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