The initial objective of the program was to add at least a quarter of a million dollars to Luther's scholarship endowment fund each year. Response to the program has been overwhelming. Each year over 1,000 students benefit from Legacy Scholarships. You can make a scholarship gift by giving a current gift, a planned gift, or a combination of current and planned gifts. A cash gift allows your donation to begin working for the college immediately.
Pledges usually cover a four-year time span.
In many cases, you can avoid capital gains tax by transferring an appreciated asset to Luther College instead of selling it and donating the proceeds. The most common gifts of appreciated property include stocks, mutual funds, and real property. Many opportunities are available in the area of planned giving. Often an individual is capable of making a more significant contribution to Luther College through a planned gift rather than through a cash gift. Planned gift options include will bequests , life insurance policies , charitable trusts , and gift annuities .