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Leave a Living Legacy |
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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.
Randall K. Barton, Former President/CEO A/G Financial Solutions
The Assemblies of God Financial Solutions
Suite A
1600 N. Boonville Avenue
Springfield, MO 65803-2730
Phone: 417-865-4880
Fax: 417-865-5141
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