Ways to Give

Cash Gifts

  • Tax deductible as allowed by law
  • Up to 50 percent of adjusted gross income can be deducted in any one year
  • Excess can be deducted over the next five years
  • Actual savings depend on tax rate
  • The higher the tax rate, the greater the savings


  • Payable over a three-to-five year period
  • Deductible in the year in which payments are made

Matching Gifts

  • Takes advantage of programs offered by many employers
  • Leverages donors' gifts to a higher level

Appreciated Property and Stock

  • Long-term capital asset property (held at least a year and a day), should be given outright
  • Avoids capital gains tax payable if property were sold
  • Deduction given for full value of property, limited to 30 percent of adjusted gross income
  • Excess beyond 30 percent can be carried forward for five years

Real Estate

  • Possible for donor to make gift of residence, farm or vacation home, reserving right of occupancy as long as donor and spouse live
  • Irrevocable gift qualifies for immediate tax deduction based on present value of remainder interest
  • Assign directly to the organization or, preferably, transfer through broker
  • Amount of contribution is fair market value on the date of transfer

Closely Held Stock

  • Provides a current tax deduction equal to fair market value of the stock
  • Corporation may redeem shares of the stock from your organization
  • Could reduce liability for accumulated earnings tax

Deferred Gifts

Charitable Gift Annuity

  • Provides a fixed income for the lifetime(s) of one or two annuitants
  • Amount paid determined by the rates recommended by the American Council on Gift Annuities
  • The older the annuitant, the higher the level of income
  • Portion of gift and income are tax deductible

Deferred Gift Annuity

  • Offers increased income and tax benefits
  • All basic features and benefits of a gift annuity
  • Income delayed until a future date chosen by donor
  • Rate of return and tax deduction dependent on length of income delay

Life Income Trusts

  • Trust assets are funds or property contributed by donor (usually $100,000 or more)
  • Flexibility in type of property that can be donated
  • Real estate and municipal bonds may be used
  • Provides a fixed amount of income (Charitable Remainder Annuity Trust)
  • Provides a variable level of income (Charitable Remainder Unitrust)

Charitable Lead Trust

  • Donor provides assets for use for a limited period of time
  • Funds are invested to provide income to Luther Memorial Home
  • Assets returned to donor or to estate at end of designated period
  • Can fulfill a pledge while reducing estate and gift taxes that might otherwise be due on assets given outright to heir.

Serve wholeheartedly, as if you were serving the Lord, not people.

Ephesians 6:7

Founders Fund

Through our Founders Fund Luther Memorial Home uses donations to enhance the quality of care we are able to offer our residents. Recently through the support of charitable gifts we were able to purchase a new bus. The bus aids our residents in going to physician appointments and allows them to enjoy fall harvest. Charitable gifts make a difference in the quality of life for our residents.

If you have questions or would like to make a tax deductible donation to our Founders Fund, contact Dawn Campbell at (507)642-3271 or contact a Founders Fund board member. You may also mail donations to: Luther Memorial Home Founders Fund, 221 6th Street SW, Madelia, MN 56062.