Introduction - Planned Giving Options
Getting Your Thoughts Together
Q: Do you wish you could do more to support the mission of the seminary?
Most people find it necessary to balance their generosity with current and future needs (medical, long-term care, and retirement costs). Gifts made through your will or living trust do not irrevocably commit assets that may be needed for future personal or medical needs.
By including Luther Seminary in your will or revocable trust (often called a “living” trust), you can address both concerns. Your future gift will only be made (a) if you do not consume all of your assets during your lifetime and (b) upon your death, all legal debts and obligations are paid.
Q: Would you like to be assured that at least a minimum gift will be made to Luther
Seminary following your death?
Many also fear that everything they have worked for will be taken from them if they go into a nursing home. In such cases, donors often establish irrevocable planned gifts, such as a charitable gift annuities or charitable remainder trusts. If all other assets are consumed, at least these gifts are locked-in and will support the programs they care deeply about.
Q: Are you unsure of where or how to get started?
For many people, getting started is the biggest hurdle they will face. The staff at Luther Seminary is able and ready to help you get started. How? They will guide you through the 4-Ps: People, Property, Plans, and Planners. Once you have worked through these four key elements, you will be ready to meet with your planning team.
Q: Is there a proper way to refer to Luther Seminary and the Luther Seminary
Foundation?
Luther Seminary and the Luther Seminary Foundation are tax-exempt entities under IRC Section 501(c)(3). They should be referred to as follows:
| Official Name: |
Luther Seminary |
Luther Seminary Foundation |
| Principal Office: |
2481 Como Ave. |
2481 Como Ave. |
| |
St. Paul, Minn. 55108 |
St. Paul, Minn. 55108 |
| IRS ID Number: |
41-1425961 |
41-1746301 |
