Throughout our lifetime, most of us strive to make a difference in the lives of others, providing gifts to the people and causes we value. Wouldn’t it be nice to know that you could continue to change lives even after you are gone, creating a legacy of support for the causes most important to you? By creating an endowment with the ELCA Foundation — or adding to our existing endowment — you can give a gift that lasts forever.
How It Works
You give cash, securities or other assets to the ELCA Foundation for a new or existing endowment.
Determine if your endowment will fund a specific program or service, or be given without restrictions — allowing the ELCA Foundation to direct the funds to our most critical needs.
We use a small portion of the fund to support our mission, and the balance remains invested to perpetuate the endowment.
Tip: You can use an endowment gift to honor someone important to you who appreciates the work we do. Consider designating your endowment in his or her name as a way to celebrate them.
Sam wants to support our annual needs by writing a check for $5,000 to the ELCA Foundation each year. Sam qualifies for a $5,000 federal income tax charitable deduction (when itemizing taxes) each year the gift is made.
Sam would also like to leave a legacy and makes a generous estate gift of $125,000 to establish a new endowment at the ELCA Foundation. This is the amount needed to ensure the ELCA Foundation continues to receive the annual $5,000 into the future. (See chart.)
Sam is able to support our current needs while living with annual gifts. After Sam’s lifetime, we use a portion of the endowment each year to fund our programs and reinvest the remainder, allowing it to grow and support annual payouts indefinitely.
If your annual gift is: | Amount needed to endow your gift forever*: |
---|---|
$2,500 | $62,500 |
$5,000 | $125,000 |
$10,000 | $250,000 |
$20,000 | $500,000 |
*At a 4 percent endowment spending level, 25 times an annual gift amount equals a perpetual gift. |
The ELCA Foundation exists to develop a culture of intentional generosity and financial stewardship to support and sustain ELCA ministries. The above examples may reference making a gift to the ELCA Foundation when providing sample language or in describing how a gift works for illustrative purposes. The ELCA Foundation processes gifts according to donor wishes defined in a distribution agreement or to fund a named endowment. It's important to discuss your gift with a Regional Gift Planner who can help document your gift intentions or explore how you may make a direct gift to any ELCA-related ministry. Alternatively, a gift may be made directly to a ministry of your choice simply by replacing the name "ELCA Foundation" or "Endowment Fund of the ELCA" with the appropriate name, address, and tax id of the ministry you wish to support.
The ELCA Foundation exists to develop a culture of intentional generosity and financial stewardship to support and sustain ELCA ministries. The above examples may reference making a gift to the ELCA Foundation when providing sample language or in describing how a gift works for illustrative purposes. The ELCA Foundation processes gifts according to donor wishes defined in a distribution agreement or to fund a named endowment. It's important to discuss your gift with a Regional Gift Planner who can help document your gift intentions or explore how you may make a direct gift to any ELCA-related ministry. Alternatively, a gift may be made directly to a ministry of your choice simply by replacing the name "ELCA Foundation" or "Endowment Fund of the ELCA" with the appropriate name, address, and tax id of the ministry you wish to support.
Throughout our lifetime, most of us strive to make a difference in the lives of others, providing gifts to the people and causes we value. Wouldn’t it be nice to know that you could continue to change lives even after you are gone, creating a legacy of support for the causes most important to you? By creating an endowment with the ELCA Foundation — or adding to our existing endowment — you can give a gift that lasts forever.
How It Works
You give cash, securities or other assets to the ELCA Foundation for a new or existing endowment.
Determine if your endowment will fund a specific program or service, or be given without restrictions — allowing the ELCA Foundation to direct the funds to our most critical needs.
We use a small portion of the fund to support our mission, and the balance remains invested to perpetuate the endowment.
Tip: You can use an endowment gift to honor someone important to you who appreciates the work we do. Consider designating your endowment in his or her name as a way to celebrate them.
Sam wants to support our annual needs by writing a check for $5,000 to the ELCA Foundation each year. Sam qualifies for a $5,000 federal income tax charitable deduction (when itemizing taxes) each year the gift is made.
Sam would also like to leave a legacy and makes a generous estate gift of $125,000 to establish a new endowment at the ELCA Foundation. This is the amount needed to ensure the ELCA Foundation continues to receive the annual $5,000 into the future. (See chart.)
Sam is able to support our current needs while living with annual gifts. After Sam’s lifetime, we use a portion of the endowment each year to fund our programs and reinvest the remainder, allowing it to grow and support annual payouts indefinitely.
If your annual gift is: | Amount needed to endow your gift forever*: |
---|---|
$2,500 | $62,500 |
$5,000 | $125,000 |
$10,000 | $250,000 |
$20,000 | $500,000 |
*At a 4 percent endowment spending level, 25 times an annual gift amount equals a perpetual gift. |