Leave a Living Legacy

A Legacy is defined as "a gift by will, especially of money or other personal property; something transmitted by or received from an ancestor or predecessor from the past."

Many senior adults seriously contemplate their estate plan when they leave for an extended cruise or vacation, reach a certain age, or experience unexpected health concerns.

In these contexts, planning is often motivated by fear of the future rather than by wanting to leave a legacy of stewardship.

For Christian stewards, our planning should consider opportunities to establish a living legacy. Why not experience the joy and blessings now that such a stewardship commitment can bring?

Consider these lifetime legacy opportunities through the Assemblies of God Foundation:

Establish a Donor-Advised Fund
A donor-advised fund acts like a private foundation. A gift of real estate, appreciated securities, or cash enables you to take an immediate tax deduction for the full value contributed to your own giving fund. Your donor-advised fund is invested and makes distributions to the ministries you designate from time to time. You pay no tax on the earnings and growth of your fund.

Many donors also arrange to have a portion of their estates contributed to their donor-advised fund. At your death, children or even grandchildren can become advisors to the fund under the guidelines you provide.

Where private foundations require millions of dollars to establish and operate cost effectively, donor-advised funds can be established with as little as $100,000 in assets.

Endow Your Support for a Special Ministry
Most Christian stewards include monthly support to a particular missions effort, Christian college or university, or other parachurch ministry as part of their "giving budget."You have seen God use a particular ministry in a mighty way to meet needs for which God has burdened you. Why not consider endowing your monthly or periodic support so that it continues upon your death or even in the event of unforeseen circumstances?

An endowment fund can be established in your family's name with the Assemblies of God Foundation for as little as $20,000, funded with cash, appreciated securities, or even real estate. You establish a payout rate; and through earnings and growth in the fund, support is paid out periodically to the endowed ministry.

You receive an immediate up-front tax deduction for the full value of the principal of the endowment, and the earnings and growth are tax-free. All record keeping and distributions are handled for you by the Assemblies of God Foundation while supported ministries are blessed knowing that you have left a lifetime legacy.

A Christian should include a legacy of stewardship through their estate plan. Why not make it a living legacy that provides substantial tax benefits today while blessing ministries God has already called you to support.

AG Financial Solutions 1661 N. Boonville Ave. , Ste. D Springfield , MO 65803 Phone: 417-865-4880 Fax: 417-865-5141

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