An endowment is a perpetual fund intended to support the mission and ministry of an organization by the wise use of earnings from the fund.
Often, supporters of their congregation are moved to share their blessings with the church as a way to say 'thank you' for the celebrations, comfort, worship, and community their families have experienced in the life of a congregation.
As you reflect on the connections you have with Ascension and the ministries of our church, please consider a planned gift. A great question to ask yourself in pondering a legacy gift is, "What has brought me joy throughout my faith journey, and how can I make certain those opportunities are available for my family in the future?"
Ascension has a professionally managed endowment which has been funded over the last several years with wonderful gifts. It will be held and managed forever and always to support the ministries that are so vital to the ongoing mission of Ascension and the world around us.
Outright Gifts Cash Make an impact on ministry today and maximize your charitable deduction. Give by check or by credit card.
Appreciated Securities Gifts of appreciated securities (stocks, bonds, and mutual funds) can allow you to take a deduction for the current market value on the date of the gift and avoid capital gains tax.
Real Estate Gifts of real estate will allow you to receive the maximum tax deduction allowed by law, bypass capital gain tax, provide you an opportunity to establish a gift that provides an income for life, and make a substantial donation to your favorite ministry.
Planned Gifts The ELCA Foundation's nationwide network of professional gift planning staff is available to help you fulfill your legacy goals through charitable planning.
Bequests (Wills & Trusts) A bequest provision in your will or trust will allow you make a significant gift to ministry without reducing your current income.
Life Insurance By changing the beneficiary of your policy, you can make a gift to ministry. Or, transfer the ownership of the cash value life insurance policy.
Qualified Retirement Plans (IRA, Keogh, 401k, 403b) Your qualified retirement plan can provide a significant gift to ministry.
Life Income Agreements Life income agreements are available for people who want to make an irrevocable gift that will benefit ministries of the Evangelical Lutheran Church in America after their death. These agreements allow the donors to retain an income interest during their lifetime or for a term of years. The ELCA Foundation administers a wide variety of life income agreements that are in compliance with federal laws and state regulations that govern the issuance and administration of these agreements.
Charitable Gift Annuities A charitable gift annuity can provide annuity payments for life and then support your favorite ministry. Deferred gift annuities allow you the option to make the gift today and receive the annuity later in life.
Charitable Remainder Trusts These gifts allow you to make a substantial gift and receive income from the trust. Choose from a Charitable Remainder Unitrust, a Charitable Remainder Annuity Trust, or a Testamentary Charitable Remainder Unitrust depending on your situation and goals.
Ascension Lutheran Church. 2030 Third Street. Brookings. South Dakota. 57006. Phone: 605.692.6565. Email: firstname.lastname@example.org. Fax: 605.692.6808.