Workshops Available to Your Church
Fundraising Strategies for Local CHurches
Prospect Capability Matrix: Who can give how much?
- A specific Dollar Amount or Property
- A Percentage of the Estate
- The Rest and Residue of the Estate
An example: Harry and Mary, both age 65, give your organization $10,000, and in return your organization promises them 6.0% of the original gift amount every year for the rest of their lives, as long as one of them survives. The rate is based on their ages. It goes up the older they get. Harry and Mary get a tax deduction for about 40% of the gift amount, or about $4000. They also get the life income
Deferred Payment Annuity
An Example: George and Susan, both age 45, give your organization $10,000, but wish to defer payment until the oldest, George, turns age 65. In return, your organization promises George and Susan an income stream of approximately 14% of their original gift amount every year for the rest of their lives. George and Susan receive an income tax charitable deduction of about 65% of the gift, or about $6500. The rate depends on the ages of George and Susan PLUS the length of time they defer payments.
Insurance uses the resources of the insurance company to complete a gift that the Donor starts by paying the premium payments. Any premium payments made to a policy that is owned by, and for which the beneficiary is your organization, are 100% deductible on the Donor's income tax report as a chartiable deduction.
CHANGE-YOUR-MIND TRUSTS
These are the popular "Revocable Trusts" or commonly called "Living Trusts" These are popular because any assets put into the trust avoid the scrutiny of the probate process.
LIFE INCOME TRUSTS
Charitable Remainder Trusts
These trusts are used by people who have a tax problem that can helpfully be solved by a large charitable income tax deduction.
There are two kinds: The Annuity Trust, which gives a set payout during its life; and the Unitrust, for which the payment is allowed to vary according to the regularly valued assets of the trust.
--About Charitable Remainder Trusts?
--From a Qualified Attorney Source?
(We've looked at this and thought you might like to see it too. This "look-see" does not mean that we in any way endorse this particular attorney.)
--Charitable Remainder Trust Planning and many useful links to other sources of planned giving and fund raising resources.
Would You Like To ExamineAn Online Sample Planned Giving Policy Manual?
We've looked at this and thought you might like to see it too. This "look-see" does not mean that we in any way endorse this product.
Sample Planned Giving Policy Manual
Would You Like to Know of Various Suppliers?
Suppliers Who Can Provide You With Readymade Materials
- To Distribute to Your Congregation?
- Robert F. Sharpe Co. in Memphis, TN
- Stelter Co. in DesMoines, IA
- R and R Newkirk Co. in Chicago, IL
Suppliers Who can Provide You With Training?
- The Center on Philanthropy
- located at the University of Indiana.
- The Granstmanship Center
- The Council on Foundations
