By: Barry G. Allen- President and CEO
Between now and the end of the year you very likely will be bombarded with appeals for financial assistance from the various worthy charitable organizations with which you are affiliated and from others seeking your affiliation and support.
As you prayerfully consider what the Lord would have you to do during this season of giving, let me commend to you the reminders of the Apostle Paul in 2 Corinthians 9:6-15:
∙ Giving is like planting seeds: “whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously.” (v 6).
∙ Giving should be thoughtful, cheerful and with conviction: “each person should give what he has decided in his heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.” (v 7).
∙ Giving is motivated by our thanksgiving to God: “Thanks be to God for His
indescribable gift!” (v15).
If you conclude the Lord is leading you to make a gift(s) out of your assets in addition to gifts out of your income, and you would like assistance in understanding the various charitable giving options available to you, please contact Laurie Valentine or me.
Perhaps a life income gift would be of interest to you. Such a gift provides you an opportunity to establish now a future, irrevocable gift for your favorite charitable organization(s) and the potential to increase cash flow to you and/or others for life or for a term of years. If you itemize deductions, you may deduct, in the year you establish the life income gift, the present value of the charity’s interest.
Or you may prefer to establish an endowment fund to provide perpetual support to your favorite charitable organization(s). You could establish it with a year-end gift and add to it in the future, including a bequest in your estate plan.
Whatever smart giving ideas you may be considering prayerfully, please give us the privilege of assisting you with information and consultation. Call us toll-free at 1-866-489-3533. (Kentucky only)