FOUNDATION NEWS Caring for the Ministry of Grace: "Ecclesia Perpetua" June 2012 | |||||
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Thine Alone..." | |||||
Q. What is a planned gift? A. A planned gift: is a future gift to charity that you provide for in your estate plans. Q. Isn't planned giving something that only rich people do? A. No! You give of your estate at death for the same reason you give of your income while you're living. Many gifts from small estates can have a tremendous impact for charities. Also, making a planned gift can help you and your family put your possessions in perspective. Q. Isn't planned giving something that only old people do? A. No! All adults should have an estate plan and most any estate plan can include a planned gift. Q. Will making a planned gift adversely affect my family? A. No! Married couples often plan for the gift to be given only after both have died. The Internal Revenue Code recognizes the value of charitable gifts and includes a number of tax breaks for donors. In some cases a planned gift can actually enhance your current income and your children's inheritance. Q. Are there resources available to help determine what kind of planned gift would work for me? A. Yes! Your attorney, accountant or other financial advisors can be of assistance. |
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the following people for donations:
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All of us have the ability to share. Some of us have larger assets, while others of us have less. Having an estate plan to leave a gift of any size, large or small, can have a long-lasting impact on our ministry and mission. To leave a gift to Grace Lutheran Church Foundation, or any other ministry, the following language may be helpful to your legal advisor: “Grace Lutheran Church Foundation, an Oregon non-profit corporation, c/o Grace Foundation, 435 NW 21st Street, Corvallis, OR 97330, for the benefit of: (name a specific ministry of your choosing)” All bequests should be sent to the attention of Grace Foundation. |