Planned Giving

Ways to Give Immediately

Cash — This has always been the easiest and most popular way to give. It provides a tax deduction for the contributor and immediate help for the camp.

Securities (Stocks, Mutual Funds, etc.) — This provides the charitable tax deduction and also avoids any capital gains tax as long as the securities were given before liquidation.

Real Estate or Personal Property — This provides a charitable tax deduction for the fair market value or the cost of acquiring the real estate or property, whichever is lower. It also provides the benefit of avoiding the capital gains tax.

Life Insurance — Giving an unnecessary life insurance policy can provide proceeds immediately if surrendered, or can provide greater proceeds upon maturity, which is usually the time of your death.

Ways to Give in the Future

Bequests — An outright gift through the will of a particular piece of property, a specific sum of money, or a designated share of such property.

Charitable Gift Annuity — A transfer of money or property to the camp in return for an agreement by the camp to the contributor (or someone designated by the contributor) a fixed income for life. Another option is to defer the beginning date for receiving the annual income.

Charitable Remainder Trust — The contribution is placed in a trust during the contributor’s life, with the contributor receiving a fixed dollar amount, the net income, or a fixed percentage of the market value each year. Upon the contributor’s death, the remaining amount goes to the camp.

Life Insurance — Turning over an existing policy or a newly-created policy to the camp can be a great way to give. Each annual payment is tax deductible, and upon your death, the camp will receive a sum much greater than you could imagine you would be capable of giving.

Life Estates — This is a gift of one’s personal residence or farm to the camp while retaining the right to live on the property. Income, gift, and estate tax benefits accrue to the donor from such a gift.

Charitable Lead Trusts — These are the exact opposite of a Charitable Remainder Trust. In a lead trust, the charity receives the income from the gift for a period of years or until the donor’s death. Then the remainder goes back to the donor or their beneficiary.

If you would like to speak with a Lakeview Ministries representative about your desire to give, please contact Lakeview Ministries at 812-342-4815. We will be able to evaluate your situation and, if necessary, use the knowledge and talents of outside professionals to determine the best course of action and to assist with the details.