Make a Plan To Give
A planned gift provides for the future and has the power to change lives and shape communities. Making a planned gift is an opportunity to ensure that Bethel Lutheran Nursing & Rehabilitation Center can continue to serve others. The greatest advantage of planned giving is that the giver can choose from a variety of vehicles that provide different types of benefits to both the donor and to the Bethel family.
Types of Planned Gifts
- Outright Gift
An outright gift is a gift of cash, check, credit or the title transfer of an asset such as stocks, bonds, real estate including mineral rights. Bethel Lutheran Foundation can then use the gift immediately and the donor receives a current income tax deduction for the gift.
Providing charitable gifts in a will is one of the most common and significant ways to give. There are a variety of ways to make a gift in a will – cash, stock, minerals, savings bonds and property to name a few. You may gift a specific amount, a percentage of the remainder of your estate.
- Charitable Gift Annuity
A charitable gift annuity is a contractual agreement between you and Bethel Lutheran Nursing and Rehabilitation Center. You make a gift of cash or securities, and that gift can provide you with a guaranteed annual income for the remainder of your life (spouses can be included). It also provides you with tax benefits depending on the type of gift you make.
- Gift of Life Insurance
A gift of life insurance is an effective way to give, especially if you would like to be able to donate more than you currently have available to give. At your death, the insurance goes directly to Bethel as the designated beneficiary.
- Other Planned Giving Options Include:
- Charitable Remainder Unitrust
- Charitable Lead Trust
- Life Estate Interests
North Dakota State Tax Benefits
The ND legislature passed a law which grants a tax credit up to $10,000 for a planned gift or a gift to the endowment of a qualified North Dakota nonprofit organization such as Bethel Lutheran Foundation. The credit is equal to 40% of the present value of the aggregate amount of the charitable gift portion of the gift. Each individual as well as business's may gift up to $25,000 to maximize the credit available. (More detailed information can be found in ND Century Code 57-38-01.21. Planned Gift Tax Credit)
For more information on making a charitable gift, please contact Keefe Lovgren, Foundation Director, at 701-572-0223 or by e-mail at email@example.com.