The benefit of a cash gift is that your dollars begin working for the college immediately. Pledges will usually cover four years. Please ask a development officer for a pledge card if you'd like one or make an on-line pledge now . In many cases, you can avoid capital gains tax by transferring the appreciated asset to Luther College instead of selling it and donating the proceeds. The most common gifts of appreciated property include stock, mutual funds, and real property.
Many opportunities are available in the area of planned gifts.
Quite often an individual is capable of making a more significant gift to Luther College through planned giving rather than through a cash gift. The bequest may be a fixed dollar amount, a bequest of specific property, a bequest of a specific percentage of a person s estate, or a bequest of the residue of a person s estate. The will bequest, of course, is drafted as a provision in a person s will and only takes effect upon a person s death. There are numerous ways that insurance can be utilized in charitable planned giving. At the insured s death, Luther will receive all or a portion of the life insurance death proceeds.