Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously.
Welcome to Generosity Matters! My mission: to accelerate generosity in ministry. This is accomplished through Generosity Audits, ministry expansion projects, stewardship and annual giving initiatives, capital campaigns, non-profit fundraising and planned giving. Let's begin a conversation...
In this series on legacy generosity I have shared with you a top ten list, a $1.5M story, my family’s own personal legacy giving journey, the language of legacy giving, and reasons for giving a legacy gift. Let’s wrap up this series with something practical, shall we? Let’s talk about actually implementing a legacy giving strategy! Read more »
As we have been discussing for the last several weeks now, legacy giving can have an amazing impact on your ministry.
There are many reasons for someone to consider giving a legacy gift from an institutional perspective, according to my friends at the Association of Fundraising Professionals (AFP):
- It may provide an opportunity to give with income and estate tax deduction.
- Some may provide the opportunity to enjoy either a fixed or variable income.
- Some may provide the opportunity to supplement retirement income.
- If highly appreciated assets are contributed, it may avoid or lessen capital-gains tax liabilities.
- It may offer opportunity for increased income compared to other investments.
- It may allow competent management of assets transferred as gifts.
- It may allow donor to pass an asset to an heir after an established period of organizational use.
And, of course, there are benefits to you as the recipient: Read more »
We’ve been camping out on the topic of legacy giving lately. I’ve shared a top ten list, a $1.5M story, and even my family’s own personal legacy giving journey. You can probably tell by now this is a topic I love - simply because of the high impact it can have for both you and your members. Once you understand the potential behind legacy giving it can change your ministry!
Reality for many church leaders is that the fundamentals of legacy giving is sort of an unknown. Most pastors simply aren’t trained in the details of legacy financial planning, so this is where I love to come alongside you with hands-on help. Read more »
It was 2001 when Andrea and I last revised our wills and created a basic estate plan. At that time, we were doing what every young parent should do, putting a will in place so that WE could determine what would happen to our children and our belongings upon our deaths. (If you don’t have a will when you die, then the STATE determines what happens to your children and your belongings. Have a will!)
But I have a confession to make. When we executed those documents, charitable giving was not on our minds. I had never been approached to consider a charitable gift in my will. It wasn’t that I was unwilling to do so… I was oblivious - didn’t have a clue. Read more »