Establish an Endowed Fund
This exciting program, the Lutheran Social Ministries of New Jersey –endowed fund program, offers you a way to create a tribute and it enables you to determine the program which you want to have a major lasting impact.
The endowed fund program provides both immediate and long-term benefits to Lutheran Social Ministries of New Jersey. Through the endowed fund program, your contribution (the principal) is held in reserve and the earnings it generates go toward the program that you determine. The principal continues to grow, and the yearly payout provides Lutheran Social Ministries of New Jersey with continuing support.
The endowed fund program offers you an opportunity for significant philanthropy while providing you with important benefits. For an initial donation of $25,000.00, you can establish an endowed fund in your name, someone of your choice, or anonymously.
Your charitable gift can bring you significant tax advantages. If you wish, you can make your gift as a multi year pledge, and you can increase your gift amount at any time. Your family and friends can also donate in your honor to your fund.
You can establish an endowed fund in the following ways:
- Cash donations
- Securities donations
- Making a bequest in your will
- Donating the proceeds of a life insurance policy
- Creating a charitable remainder trust