Gods Gifts Your Legacy Dr Jerry Kieschnick and

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God’s Gifts. Your Legacy. Dr. Jerry Kieschnick and Gary Juhl Workbook Page 27

God’s Gifts. Your Legacy. Dr. Jerry Kieschnick and Gary Juhl Workbook Page 27

A Special Ministry

A Special Ministry

Legacy Deo is All About People!

Legacy Deo is All About People!

People Have Stories to Tell

People Have Stories to Tell

People Have Stories to Tell

People Have Stories to Tell

Our Legacy From God Our legacy FROM God: It’s who we are and what

Our Legacy From God Our legacy FROM God: It’s who we are and what we have

Our Legacy From God Our legacy TO God: It’s what we do with His

Our Legacy From God Our legacy TO God: It’s what we do with His gifts TIME TALENT TREASURES

Treasure… Provide… Protect Jesus said: “Where your treasure is, there your heart will be

Treasure… Provide… Protect Jesus said: “Where your treasure is, there your heart will be also. ” Luke 12: 34

Treasure… Provide… Protect “If anyone does not provide for his relatives, and especially for

Treasure… Provide… Protect “If anyone does not provide for his relatives, and especially for members of his household, he has denied the faith and is worse than an unbeliever. ” 1 Tim. 5: 8

Treasure… Provide… Protect The LORD says, "I will rescue those who love me. I

Treasure… Provide… Protect The LORD says, "I will rescue those who love me. I will protect those who trust in my name. Ps. 91: 14

As Christians We Are… Thankful for our legacy FROM God … Dedicated to leaving

As Christians We Are… Thankful for our legacy FROM God … Dedicated to leaving our legacy TO God … Thankful for our legacy FROM God … Thankful for the treasure of life and possessions … Called to provide for family and faith … Dedicated to leaving our legacy TO God … Challenged to protect people and property we love … Thankful for the treasure of life and possessions … Called to provide for family and faith … Challenged to protect people and property we love …

Biblical Principle$ The earth is the Lord’s and everything in it! Psalm 24: 1

Biblical Principle$ The earth is the Lord’s and everything in it! Psalm 24: 1

Biblical Principle$ We came into this world with nothing and we will leave this

Biblical Principle$ We came into this world with nothing and we will leave this world with nothing when we die! 1 Tim. 6: 7

Biblical Principle$ We have a God-given charge to manage responsibly the assets he has

Biblical Principle$ We have a God-given charge to manage responsibly the assets he has entrusted to our care! Matt. 25: 14 -30

Biblical Principle$ God loves a cheerful giver… You will be enriched in every way

Biblical Principle$ God loves a cheerful giver… You will be enriched in every way to be generous in every way! 2 Cor. 9: 7, 11

To Whom Do You Give at Your Death? Only Three Possible Recipients Family/Friends Charity

To Whom Do You Give at Your Death? Only Three Possible Recipients Family/Friends Charity Government Leaving a Legacy

Commonly Used Planned Giving Tool #1

Commonly Used Planned Giving Tool #1

Commonly Used Planned Giving Tool #1 Last Will and Testament • Basic estate planning

Commonly Used Planned Giving Tool #1 Last Will and Testament • Basic estate planning tool • Protect and provide for family • Gifts to favorite charity easily made • Consider church or charity as an extra heir • Create a family endowment with Legacy Deo • Designate a specific $ amount or % of estate assets

Trivia Quiz What do these people have in common? • • • Jimi Hendrix

Trivia Quiz What do these people have in common? • • • Jimi Hendrix Sonny Bono Michael Jackson • • • Pablo Picasso Howard Hughes Abraham Lincoln All of them died intestate … … without a WILL!

One More Example – Prince… • Estate value: ~$200 -300 million • No Last

One More Example – Prince… • Estate value: ~$200 -300 million • No Last Will and Testament • Taxes: about 50% of estate value! • No surviving spouse, children, or parents • Five half-siblings and one full sister • Some very happy lawyers!

What Happens if YOU Die Intestate? 1. The state will decide how your property

What Happens if YOU Die Intestate? 1. The state will decide how your property is distributed. 2. Those decisions may not be in accord with your wishes. 3. If you have minor children, the state will choose their guardians, maybe or maybe not the ones you would choose. 4. The state may distribute some of your property to recipients you might not choose, including estranged relatives. 5. If you have no living relatives, your estate assets will become the property of the state. 6. Unnecessary probate costs may dilute or drain your estate. 7. Your charitable intent will not be fulfilled.

If You Don’t Have a Current Will … … git ‘er done!!!

If You Don’t Have a Current Will … … git ‘er done!!!

Commonly Used Planned Giving Tool #2

Commonly Used Planned Giving Tool #2

Commonly Used Planned Giving Tool #2 Charitable Remainder Uni. Trust (CRUT) • Provides annual

Commonly Used Planned Giving Tool #2 Charitable Remainder Uni. Trust (CRUT) • Provides annual income payments for life of donor(s) • Produces income to donors’ family for up to 20 years • Generates federal income tax deduction • Avoids capital gains tax • Minimum amount: $25, 000

Example: Unitrust Plus Term John Lutheran - Age 76 Mary Lutheran - Age 75

Example: Unitrust Plus Term John Lutheran - Age 76 Mary Lutheran - Age 75 5. 00% Unitrust Asset Principal $100, 000 Value $100, 000 Cost 60, 000 Gain $ 40, 000 Charitable Endowment $117, 267 I n c o m e Two Lives Plus 20 Yrs 1. Transfer and sell Tax. Free. Bypass $40, 000 gain. Income tax deduction = $16, 449. 2. Unitrust Life Income of $5, 000/yr for donors + family for 20 more yrs. TOTAL - $200, 000 + This educational illustration is not professional tax or legal advice. Consult a tax advisor about your specific situation. 3. After two lives plus term, trust passes to charity. Partial estate tax deduction.

Commonly Used Planned Giving Tool #3 Charitable Gift Annuity

Commonly Used Planned Giving Tool #3 Charitable Gift Annuity

Commonly Used Planned Giving Tool #3 Charitable Gift Annuity (CGA) • Provides fixed income

Commonly Used Planned Giving Tool #3 Charitable Gift Annuity (CGA) • Provides fixed income payments for life of donor(s) • Produces partially tax free income/principal return • Provides federal income tax deduction • Great replacement for low return CDs • Avoids capital gains tax

Example: Charitable Gift Annuity George Lutheran - Age 80 Martha Lutheran - Age 80

Example: Charitable Gift Annuity George Lutheran - Age 80 Martha Lutheran - Age 80 Asset Value $100, 000 Cost 60, 000 Gain $ 40, 000 1. Transfer and sell Tax-Free. Income tax deduction = $44, 587. 5. 70% Gift Annuity 6. 60% Eff. return Legacy Deo Endowment Principal $100, 000 I n c o m e $100, 000 3. After two life payout, annuity remainder passes to Legacy Deo. 2. Gift annuity life income of $5, 700/yr for donors with $2, 595/yr tax free! This educational illustration is not professional tax or legal advice. Consult a tax advisor about your specific situation.

CGA Rates by Donor Age COUPLE Age Int. rate Effective Rate 80 5. 7%

CGA Rates by Donor Age COUPLE Age Int. rate Effective Rate 80 5. 7% 6. 60% 85 6. 7% 7. 84% 87 7. 3% 8. 57% 90 8. 2% 9. 67% 93 8. 8% 10. 41% INDIVIDUAL Age Int. rate Effective Rate 80 6. 8% 7. 95% 85 7. 8% 9. 25% 87 8. 2% 9. 77% 90 9. 0% 10. 80% 93 9. 0% 10. 93%

What Can Legacy Deo Do For You? We can provide information, guidance, and resources

What Can Legacy Deo Do For You? We can provide information, guidance, and resources for: • • • Legacy gifting Charitable trusts Endowment funds Donor advised funds Charitable gift annuities Beneficiary designations Durable powers of attorney Gifting with life insurance Wills and estate planning Funeral service planning Asset listing – Red Book

No Cost Information For You… Please fill in the form. Hand it to me

No Cost Information For You… Please fill in the form. Hand it to me or leave it on the sign-in table. It allows us the opportunity to keep you informed.

True Stories… Real People… Great Plans! Herb and Patricia Noack CHARITABLE TRUST •

True Stories… Real People… Great Plans! Herb and Patricia Noack CHARITABLE TRUST •

True Stories… Real People… Great Plans! Norma Schaefer CRUT/ENDOWMENT

True Stories… Real People… Great Plans! Norma Schaefer CRUT/ENDOWMENT

True Stories… Real People… Great Plans! R. J. and Robert Nitsche SCHOLARSHIP ENDOWMENT

True Stories… Real People… Great Plans! R. J. and Robert Nitsche SCHOLARSHIP ENDOWMENT

Seven Year History: Legacy Deo Distributions 2011 – 2017 Ministries (Faith) Individuals (Family) Total

Seven Year History: Legacy Deo Distributions 2011 – 2017 Ministries (Faith) Individuals (Family) Total $11, 710, 400 $4, 198, 533 $15, 908, 933

2017 Total Distributions $3. 5 million $3. 1 million $371, 000 distributed to ministries*

2017 Total Distributions $3. 5 million $3. 1 million $371, 000 distributed to ministries* distributed to individuals

Who is Legacy Deo? An agency of the Texas District LCMS A 501(c)(3) not-for-profit

Who is Legacy Deo? An agency of the Texas District LCMS A 501(c)(3) not-for-profit corporation funded by: Ø Modest administrative fees from A 58 -year-old managed accounts organization Ø Donor contributions Ø Texas District supporting people and Christian ministries A service organization created to assist individuals and families in legacy giving for family and faith

Legacy Deo’s Mission We inspire giving that impacts life forever!

Legacy Deo’s Mission We inspire giving that impacts life forever!

Legacy Deo’s Guiding Principles CORE VALUES Christ Centered Focus - Matt. 22: 36 -38

Legacy Deo’s Guiding Principles CORE VALUES Christ Centered Focus - Matt. 22: 36 -38 (Greatest Commandment) Valued Relationships - Matt. 7: 12 and 22: 39 (Golden Rule) Total Integrity - Matt. 25: 14 -30 (Parable of the Talents)

Impact on the Lives of: DONORS & BENEFICIARIES Legacy Deo helps people provide a

Impact on the Lives of: DONORS & BENEFICIARIES Legacy Deo helps people provide a legacy for loved ones and faith-based endeavors both now and in the future.

Vision for the Future God's people, each and every one, will leave a legacy

Vision for the Future God's people, each and every one, will leave a legacy …for faith and family.

Professional Staff Dr. Jerry Kieschnick M Div LLD CEO Mr. Brian Hamilton CPA MBA

Professional Staff Dr. Jerry Kieschnick M Div LLD CEO Mr. Brian Hamilton CPA MBA CFO Mr. Gary Juhl CFP® MBA Planned Giving Mr. Larry P. Ohls BBA Consultant

Operations Staff Gretchen Kroesch Controller Terri Rosser Administrative Assistant Joyce Best Communications Coordinator

Operations Staff Gretchen Kroesch Controller Terri Rosser Administrative Assistant Joyce Best Communications Coordinator

Board of Directors Dwight M. Munk ~ San Antonio ~ Chairman Duane M. Dube

Board of Directors Dwight M. Munk ~ San Antonio ~ Chairman Duane M. Dube ~ Austin ~ Vice Chairman Jerry M. Kolander, Jr. ~ Lubbock ~ Secretary Glenn R. Hurta ~ Mc. Gregor ~ Treasurer L. Scott Biar ~ Houston Fred G. Karle ~ Mc. Allen Melissa L. Knippa ~ Austin Rev. Dr. Victor Kollmann ~ Plano Pixie Linebrink ~ Austin

QUESTIONS? Dr. Jerry Kieschnick Chief Executive Officer GBJK@Legacy. Deo. org Gary A. Juhl CFP®

QUESTIONS? Dr. Jerry Kieschnick Chief Executive Officer GBJK@Legacy. Deo. org Gary A. Juhl CFP® Director Of Planned Giving Gary. J@Legacy. Deo. org WEBSITE: www. legacydeo. org 800. 880. 3733