INCLUDE LUTHERAN BRAILLE EVANGELISM ASSOCIATION IN YOUR WILL
Including Lutheran Braille Evangelism Association in your will is a wonderful way to provide for future generations of blind children, adults, and seniors. This lasting gift provides hope for the future and enables you to satisfy your personal and financial goals.
To include Lutheran Braille Evangelism in your will, simply ask your attorney or financial planner to include the following language in your will:
“I bequeath $______ or ____% of my estate to Lutheran Braille Evangelism Association, 5972 Cahill Avenue, Suite 100, Inver Grove Heights, MN 55076.”
If you have already named Lutheran Braille Evangelism Association in your estate plan, please let us know so that we can properly thank you and enroll you in the LBEA Legacy Society.
Members of LBEA Society honor the memory of our founder, John Erickson, and strengthen the future of Lutheran Braille Evangelism Association, enabling us to build a strong endowment for generations to come.
If you would like more information on including Lutheran Braille Evangelism Association in your will, or another type of planned gift, please contact Doug Pilot, Treasurer at 651-447-2195.
Specific Bequest: a gift of a specific item or piece of property.
Example: “I give XYZ item or my XYZ common stock to Lutheran Braille Evangelism Association, 5972 Cahill Avenue, Suite 100, Inver Grove Heights MN, a nonprofit corporation, for its general corporate purposes.”
Contingent bequest: a gift taking effect only if something does or does not happen, e.g. another beneficiary does not survive you.
Example: “In the event my daughter, Jane Doe should not survive me, I give my father’s baseball card collection to Lutheran Braille Evangelism Association, 5972 Cahill Avenue, Suite 100, Inver Grove Heights MN, a nonprofit corporation, for its general corporate purposes.”
Charitable Gift Annuities: may help you increase your spendable income; provide a fixed, steady income; gain an immediate charitable income tax. If you are interested in learning more, please reach out to Doug Pilot, Treasurer at 651-447-2195.
Gifts of Life Insurance, IRAs and other Retirement Assets
It is easy to name Lutheran Braille Evangelism Association as the beneficiary, or one of the beneficiaries, of your life insurance policy or any one of your retirement plans. By making a charitable gift in this manner, you could avoid estate and income taxes while creating a lasting legacy.
Just as you should periodically review your Will and Estate Plan, you should also periodically review the beneficiary designations on any life insurance, IRA, 401(k) or other retirement plan you own (or over which you have a power of appointment given to you by someone else).
You may even consider gifting an “obsolete” insurance policy by naming the Lutheran Braille Evangelism Association as the owner. You will be entitled to an income tax deduction that is usually equivalent to the paid-up value or replacement value of the policy.
Simply contact the administrator of your plan and ask for a Change of Beneficiary form. You may even be able to find one on their website.
Giving Real Estate, whether undeveloped, residential or commercial, provides you with another method to make a tax-advantaged gift. If your real estate has grown in value, it may be a perfect asset to fund a charitable remainder trust. It is possible to continue the use of your home or property during your lifetime, while receiving the benefit of an immediate charitable tax deduction.