Estate & Planned Gifts
What do you want your legacy to be? Many individuals and families have chosen to shape the future of the church through an estate or planned gift to LSTC. Here are some of the ways to make a large impact on LSTC through your gift:
Planned gifts don’t have to be complicated. Cash or in-kind gifts to the seminary generate tax advantages for you and to support the seminary. Outright gifts can be cash, property, business holdings or appreciated securities (stock holdings).
Bequest in Will or Trust
By including a provision for a bequest to LSTC in your will or trust, you will make a significant gift to ministry without reducing your current income.
You may designate LSTC as a beneficiary of a life insurance policy, retirement account or other investments you may have. Changing or adding a beneficiary is free, and only requires you to fill out a simple form that you may request from your insurance or investment company. You may make beneficiary designations on a retirement account, life insurance policy, and non-charitable (commercially purchased) annuities. If you have designated LSTC as a beneficiary on one of your assets, please contact Jessica Houston at email@example.com.
Lifetime Income Gifts
With a life income gift, you can receive tax benefits and provide an income stream for your family and, ultimately, a charitable gift to LSTC. These options can leverage your assets by allowing your funds to be invested and to grow before they pass to LSTC. Life income gifts include:
- Charitable Gift Annuity (provides you with a fixed income for life)
- Charitable Lead Trust (makes payments to LSTC for a fixed number of years after your death, and the remainder is given to your family)
- Charitable Remainder Trust (makes payments to your family for a fixed number of years after your death, and the remainder is given to LSTC)
For more information on how to determine the right form of planned gift for you and your family, contact Mark Van Scharrel, Vice President for Advancement, firstname.lastname@example.org, or 773-256-0676.