A Bequest by an individual may give a specific amount, a percentage of an estate, or make Christ’s Lutheran Church the residual beneficiary. A Gift of Life Insurance, which names Christ’s Lutheran Church as owner and beneficiary of a policy on the donor’s life, is a means of making a larger gift than might otherwise be possible. The donor may claim a charitable deduction for the premium payments. Donation of an existing policy would result in a tax deduction for the cash surrender value.

A Deferred Gift will benefit Christ’s Lutheran Church in the future while providing lifetime income to the donor. This gift  may take many forms, such as a charitable gift annuity, an annuity trust, or a charitable remainder trust, among others. Anyone contemplating such a gift should consult with an attorney, an accountant, or a tax
advisor for assistance in determining which would be appropriate for the individual’s circumstances.