April 2001 Newsletter

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(I recently came across the following from Pr. Wm. Krenz, now retired from ministry as ELCA Foundation Regional Gift Planner in Pennsylvania. While we are put right with God by grace through faith, not by how much money we give for ministries, it’s also the case that Jesus calls us to be followers who give our lives away for his sake and for the sake of making his Good News known to all people. dh)

The Market as God

Harvey Cox, “The Atlantic Monthly,” March 1999

“Cox looks at the present and claims that The Market (capital letters are intentional) is fast becoming a post-modern deity—believed in despite the evidence. He spells out what he calls a business theology—‘an entire theology which is comparable in scope if not in profundity to that of Thomas Aquinas or Karl Barth.’

“Cox seems to suggest that while Protestants are fussing over the details of the recipe for an ecumenical pie, they are losing valuable time and effort for working together fully aware of the fundamental differences they all have with the religion of The Market.

“The first commandment of this post-modern religion is ‘There is never enough.’ This is not the first commandment I learned in confirmation class. The tension between the two [competing] first commandments is felt by most of us . . . who for one reason or another never [think that we have] enough.” (Carl Linder, editor, “Lutheran Partners”)

“I have learned only one thing in life: how much is enough”
A Japanese Zen Master once said this to his disciples as he was dying.

“It is easier for a camel to pass through the eye of a needle than for a rich person to enter the kingdom of God.” Luke 18.25

Eight out of 10 people with estates over $1 million leave nothing to non-profit organizations. While personal incomes have increased 10, 20, even 30 percent, philanthropic giving has declined to 1.6 percent of personal income over the last 30 years. Even those with little to give have managed better than most of us. Native America people on reservations and people in inner cities give 4.3 percent of their incomes. Lutherans give about 1.5%.

“Think of us in this way, as servants of Christ and stewards of the mysteries of God.” 1 Corinthians 4.1

“ . . . the fruit of the Spirit is love, joy, peace, patience, kindness, generosity, faithfulness, gentleness, and self-control. There is no law against such things.” Galatians 5.22-23

Choose a method to give that works for you

If your goal is to give and: Then you can: And your benefits are:
Make it quick and easy Simply write a check now An income tax deduction
Avoid tax on capital gains Contribute long-term appreciated stock or other securities A charitable deduction plus no capital gains tax
Make a revocable gift during your lifetime Name the church or a ministry as beneficiary of assets in a living trust Full control of the trust terms for your lifetime
Defer a gift until after your lifetime Put a bequest in your will to give cash, specific property, or share of the residue of your estate Your donations are fully exempt from estate tax
Make a large gift with little cost to yourself Contribute a life insurance policy you no longer need Current, and possibly future, income tax deductions
Secure a fixed life income while avoiding market risks Create a charitable gift annuity It gives you tax benefits and often boosts your rate of return
Avoid the twofold taxation on IRA or other employee benefit plans Name the church or a ministry as the beneficiary of the remainder assets after your lifetime It lets you leave your family other assets that carry less tax liability
Reduce gift and estate taxes on the sale of a home or other real estate Create a charitable lead trust that pays income for a specific term of years It has the estate tax benefits of a gift, but your family keeps the property
Avoid capital gains tax on the sale of a home or other real estate Donate the property to the church or sell it to the church at a bargain sale An income tax deduction, plus reduction or elimination of capital gains tax
Give your personal residence or farm but retain life use Create a charitable gift of future interest, called a retained life estate It gives you tax advantages, plus use of the property
Create a hedge against inflation in the long term Create a charitable remainder unitrust. It pays you a variable income for life and gifts you tax benefits

For more information or for confidential conversation about your situation, contact Pastor Dennis Hallemeier using the information listed on the 'Contact Us' page.

Is your Will or Trust out of date?

It is—if you’re married now, or have your first child, or your children are grown, or you’re divorced or remarried, or other circumstances have changed. When you update, remember the Lord’s work as a witness to your faith.

Lutheran Planned Giving

Services to individuals:

bulletAssistance in planning your will, trust or estate to provide charitable gifts for the Lord's work in tax wise ways
bulletAssistance with gifts of appreciated assets in ways that provide life income
bulletAssistance with gifts of stock for the Lord's work-at a minimum cost

Services to congregations:

bulletEducational "Wills, Estates, and Gift Planning" seminars and Bible studies
bulletAssistance in establishing mission endowment funds
bulletAssistance in managing endowment fund assets

Sponsors:

bulletArkansas-Oklahoma Synod
bulletCentral States Synod
bulletELCA Foundation
bulletBethany College
bulletBethany Home
bulletBethphage
bulletCamp Tomah Shinga
bulletDakota Boy's Ranch
bulletHollis Renewal Center
bulletLutheran Campus Ministry
bulletLutheran Family & Children's Services of Missouri
bulletLutheran School of Theology at Chicago
bulletLutheran Social Services of Kansas & Oklahoma
bulletThe Oaks Indian Center
bulletTrinity Lutheran Hospital

Information and examples in this newsletter are for educational purposes only and should not be considered tax or legal advice. Please consult your tax or legal advisors about your own will, trust or estate plan.

 
Content Copyright (c)2000, Lutheran Planned Giving in the Arkansas-Oklahoma and Central States Synods.  All rights reserved.