Luther Seminary - Planned Giving Options Chart

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Home » Friends and Donors » Ways to Give » Gift and Estate Planning » Introduction - Getting Your Thoughts Together » Planned Giving Options Chart

Luther Seminary Planned Giving Options

This summary compares various planned giving options at Luther Seminary.

	Charitable Gift Annuity	Charitable Deferred Payment Gift	Charitable Remainder Trust	Charitable Lead Trust	Charitable Life Insurance	Charitable Bequests and P.O.D. Accounts
Life-Income Payment To Donor(s)	Yes (fixed)	Yes (fixed)	Yes (fixed or variable)	No	No	No
Income Tax Deduction	Yes	Yes	Yes	Sometimes*	Usually	No
Benefits To Donor(s) (in addition to Heritage Society Membership)	- Some tax exempt income - Capital gains tax avoidance on gift portion - No legal or administrative fees - Estate tax savings possible	- Larger payments beginning on date donor selects - Some tax exempt income - Favorable capital gains tax treatment - No legal or administrative fees - Estate tax savings possible	- Capital gains tax avoidance or deferral - Estate tax savings possible. - Tax-free income possible	- Principal often passed to next generation at reduced cost, reduced gift/estate taxes	- Estate tax savings - Larger gift for smaller contributions - Income tax deductions for premiums paid on policy - Income tax deduction for value of donated policy	- Estate tax savings - Does not reduce current income or use assets needed for health care
Benefits To Luther Seminary	- Future Gift - Initial value may grow	- Future Gift - Initial value may grow	- Future Gift - Initial value may grow	- Income during trust period	- Larger future gift - LS may borrow from cash value, if it is owner	- Future gift
Age Preference	60+	50+	50+	40+	30+	30+
Preferred Assets	Cash and appreciated stocks and bonds	Cash and appreciated stocks and bonds	Cash and appreciated stocks and bonds, including tax-exempt bonds, real estate	Cash, rapidly appreciating stock and other assets	Existing or new policy (not term insurance)	Retirement accounts; other real and personal property
More About This Gift Option	Read More about Charitable Gift Annuities	Read More about Charitable Deferred Payment Gifts	Read More about Charitable Remainder Trusts	Read More about Charitable Lead Trusts	Read More about Charitable Life Insurance	Read More about Charitable Bequests and P.O.D. Accounts