Your legacy lives on with a gift to Lutheran Family Services Rocky Mountains with a gift from your estate. LFSRM has many financial planning options to help you plan your estate. Our Development Department staff are professionals with many years of experience in estate and gift planning who care about your goals and plans. We will work with your attorney or accountant to explain the many gift opportunities available to you and the financial advantages of each. Contact the Lutheran Family Services Rocky Mountains Development Department to learn how confidential, personal financial planning can help you achieve your goals while helping to sustain our life-changing mission.
The principal benefits of planned gifts accrue to Lutheran Family Services at a later time, after your death, or the death of your last named beneficiary. Planned gifts take many forms, providing additional income for you and/or your heirs, reducing income and estate taxes, relieving you and your heirs of complicated financial management responsibilities, and helping to fulfill your personal, humanitarian, and charitable objectives. Planned gifts can be made in cash, real estate, stocks, bonds, personal property, or life insurance.
Bequests by Will
One of the simplest planned gifts is a bequest through your will in which you designate either a specific dollar amount or a percentage of your estate after other disbursements. In addition to supporting Lutheran Family Services Rocky Mountains, it serves as an example to your heirs of the values and ideals you hold dear. A bequest also can reduce the amount of your taxable estate, which may increase the actual amount available to loved ones.
A gift annuity is an agreement between you and Lutheran Family Services. In exchange for your irrevocable gift, Lutheran Family Services Rocky Mountains pays a fixed dollar amount during your life and/or the life of a designated loved one. The amount you receive is determined by the size of your gift, your age, and the age of your beneficiary. Your income is guaranteed, regardless of market fluctuation. A major portion of your income is a tax-exempt return of principal, and the income may be deferred until a later time as part of your retirement plan.
Charitable Remainder Trust
A charitable trust transfers ownership and management of cash and/or appreciated securities to Lutheran Family Services Rocky Mountains. LFSRM manages the trust and pays income to you for the remainder of your life and/or the life of another beneficiary. An annuity trust provides a fixed annual income for those wanting consistent, predictable payments. A unitrust pays a variable return based on market changes, providing an effective hedge against inflation.
Pooled Income Fund
A pooled income fund is a trust designed to provide variable yet reliable income. Like a commercial mutual fund, it combines your gift with the contributions of other fund participants, wisely investing the sum for a balance of income and growth. Dividends are paid to the shareholders in proportion to each person’s contribution. Your donation results in a tax deduction for the year your gift was made, elimination of capital gains tax if you invest appreciated securities, and reduction of estate taxes for your heirs.
Contributions of life insurance can provide a substantial gift to Lutheran Family Services Rocky Mountains. The value of an ordinary policy at the time of the gift is tax deductible. If you continue paying the premiums, they also are deductible as charitable contributions. If a paid-up policy is given, the cost of purchasing a new paid-up policy at your current age is the value of the charitable deduction.
For more information regarding Planned Giving, please contact:
Margo Hatton, CFRE
Vice President of Resource Development
Lutheran Family Services Rocky Mountains
1035 Osage St., Suite 700, Denver, CO 80204