TRINITY LUTHERAN CHURCH - ENDOWMENT FUND
The members of Trinity Lutheran Church recognize that the on-going ministries of a congregation must be the work of the members in the present. The Endowment Fund encourages members to support extra ministries in the future that go beyond what is the present-day work of the congregation.
Why Make a Gift?
We have a unique opportunity to make a difference in the future! You can be a part of the positive legacy the Endowment Fund creates. You will provide for the variety of ministries that the Fund will support (after meeting the accumulated value constraint). Your gifts will be used to equally support the following areas:
1) Capital improvements, building projects, or debt reduction,
2) Scholarships or grants,
3) Community outreach, and
4) Missions of the Evangelical Lutheran Church in America.
Making a Gift
There are several options for making a gift. There are benefits of using each option. Gifts should be directed to the Trinity Lutheran Church Endowment Fund.
Make a cash gift by simply writing a check to the Fund. This is considered a charitable donation for tax purposes.
Make a gift of securities in the form of stocks, bonds, or mutual fund shares. If you make a contribution using appreciated securities that you have owned for more than a year, you will not have to pay capital gains tax on any increase in value that would have been due had the securities been sold. You can claim a charitable deduction for the full fair market value of the securities on the date of transfer.
Life Insurance Policy
Make a gift of all or part of the proceeds from a whole life insurance policy. This can be done by naming the Fund as the recipient of all or part of the proceeds from the policy. Alternatively, one could make a charitable donation of the policy’s accumulated valued during your lifetime.
Identify the Fund as the beneficiary of all or some portion of the value of your retirement plan. The portion of your retirement funds left to Trinity is not subject to estate or income tax, so your retirement bequest may result in more money passing to your heirs than if you made a bequest with other assets.
Make a bequest in your will or living trust by naming the Fund as a recipient (beneficiary) of specified assets or portion of your remaining assets. Such a bequest would have no impact on your current cash flow and you can modify your bequest at any point through a codicil to your will or amendment to your trust. A bequest to the Fund would be free from federal estate taxes. There is no upper limit on estate tax deductions taken for charitable bequests. To name the Fund as your beneficiary, you might use the following language:
I hereby give and bequeath $____________, or ____% of the rest, remainder, and residue of my estate, or the proceeds from the sale of real estate by my estate that I own located at ___________________________, to the
Trinity Lutheran Church Endowment Fund, 170 Old Westford Road, Chelmsford, MA 01824, Federal Tax ID 04-6039564.
Please consider making a gift to the Trinity Lutheran Church Endowment Fund to provide additional ongoing support for members of our congregation, our church facilities, our community, and the wider church. Whichever method of giving you choose, please consult with your attorney, accountant, or financial planner to make sure your gift fits your personal situation.
For more information on these giving opportunities, please contact:
email@example.com or firstname.lastname@example.org or call (978) 256-6300
Trinity Lutheran Church
170 Old Westford Road
Chelmsford, MA 01824