Because of You
At North we rely on the generosity of alumni, parents, grandparents, friends, corporations and foundations to meet our financial goals. Because of you and with your support, we can continue to be a school of choice that nurtures students spiritually, academically and holistically. Thank you for considering Lutheran North in your charitable giving.
How can you help?
We thank you in advance for your support, generosity and commitment to Nurturing Christian Hearts and Building Strong Minds. Ways to support Lutheran North and our students include:
- Angel Fund ( student financial assistance)
- Annual Giving Fund
- Shield Society
- Endowment Fund
- Honorary and Memorial Gifts
- Capital Campaign
- Fantasy Faire Auction
- Legacy Circle (Planned & Estate Gifts)
Gifts of Cash
Cash or credit card gifts are one of the most popular forms of charitable gifts. As the donor, you can deduct the full amount of the contributed cash up to 50 percent of your adjusted gross income. Any excess may be deducted over the five succeeding years, up to the 50 percent annual ceiling, until the gift amount is fully deducted.
Gifts of Appreciated Securities
Gifts of appreciated securities held by the donor for more than one year provide two tax benefits: (1) no capital gains tax is imposed on the “long-term” appreciated gift portion, and (2) the donor is entitled to a charitable deduction equal to the fair market value of the securities on the gift date. For transfer information please call Tim Hipenbecker at (314) 382-6664 x 322.
Gifts of Real Estate
A gift of real estate such as commercial property, a residence, a farm, timberland, or undeveloped acreage can provide significant benefits to Lutheran North and the donor. A gift of unmortgaged real estate held for more than one year will generate an income tax deduction based on fair market property value at the gift date. The donor is not required to recognize any gain on the transfer to Lutheran North. For gifts of real estate valued at $5,000 or more, the donor must obtain a qualified appraisal.
Donors who assign ownership of a life insurance policy to Lutheran North receive an immediate charitable deduction equal to the lesser of the donor’s basis or the policy’s net cash value. If the donor continues to pay premiums, he or she receives an additional deduction for amounts paid. When ownership of a life insurance policy is transferred to Lutheran North as the sole beneficiary, gift credit will be given for either the donor’s basis or the cash value of the policy.
Gifts that Pay Income for Life
Donors may arrange for a gift that will ultimately come to Lutheran North and retain the income from the gift for life (or the lives of donor and spouse). This is an ideal way to provide for North’s future without sacrificing investment income and receive significant income, gift and estate tax benefits. For more information please call Tim Hipenbecker at (314) 382-6664 x 322.