Charitable Giving

As a not-for-profit ministry, we rely on charitable gifts to further advance our ministry of reaching out to share Christ’s love with people entrusted to our care.

Our Office of Mission Advancement team members share our story. Contact us today to learn more how we can help you plan your charitable giving. Planned gifts are managed by our investment committee through The Lutheran Home Association Foundation.

There are a lot of ways to support our ministry:

Charitable Gifting Vehicles

There are many different ways to support our mission. When you plan a gift as part of your overall estate and financial plans, you help us continue to provide the best care for years to come. Through your will, trust or other deferred gifts, you can help sustain a Christian ministry for future generations. Contact us to learn more.

Charitable Remainder UniTrust (CRUT)

A CRUT is an irrevocable contract that a donor or donors establish to benefit charity and provide a stream of income for themselves and others if they so choose.

  • Assets can be transferred into the CRUT and sold without creating a taxable event, which increases the assets’ income potential.
  • Donors receive a partial charitable income tax deduction for a gift of cash and sometimes for gifts of other assets.
  • Donors or their designees receive a percentage of the trust’s value as valued at the end of each year.
  • Donors can choose to have the benefits pay out during their lifetime, or for a period of up to 20 years to a second generation of beneficiaries.
  • Additional gifts may be added periodically.

Learn more about creating a CRUT.

Charitable Remainder Annuity Trust (CRAT)

With a CRAT, the donor receives a fixed dollar amount quarterly, semi-annually or annually based on a percentage of the value of a one-time gift. 

  • A CRAT is funded only one time and cannot receive additional gifts.
  • At the death of the donor, the payouts may continue to a second generation for a period not to exceed 20 years.
  • At the end of the trust period, the remainder becomes a gift to charity.
  • The funding gift should have a value of at least $100,000.

Learn more about creating a CRAT.

Charitable Gift Annuity (CGA)

A CGA is a simple irrevocable contract between the donor and the charity where the donor donates cash or appreciated securities to the foundation in exchange for fixed payments for life to the donor, or the donor and one other person.

  • Upon death, the remainder benefits a designated or undesignated program of the nonprofit that issued the CGA.
  • The starting gift should have a value of at least $10,000.

Learn more about creating a CGA.

Donor Advised Fund (DAF)

A DAF is a charitable giving vehicle designed for an individual, family or group of people to make irrevocable, tax-deductible contributions of cash or assets to charity.

  • DAFs receive favorable tax treatment and allow the donor to take a federal income tax deduction of up to 50% of adjusted gross income (AGI) for cash contributions and 30% for appreciated assets.
  • DAFs provide an opportunity for the donor to make a tax-deductible gift all at once and retain the ability to recommend distributions of gifts to various charities through his/her lifetime.
  • DAFs can also receive additional gifts from anyone at any time.
  • The starting gift should have a value of at least $25,000.

Learn more about creating a DAF.

Life Estate Agreement (LEA)

A LEA is a transaction in which an individual or couple irrevocably transfers the title of a personal residence, vacation home or real estate property to a charitable organization with a retained right to use the property for their life or a specified term of years.

  • Gifts of a remainder interest entitle the donor to a partial charitable contribution income tax deduction.
  • At the conclusion of the measuring term, all rights in the property are transferred to the Non-Profit.

Learn more about creating a LEA.