Planned Giving

Do you want to make a difference and help continue the mission of LSS even after you're gone? Then you may want to consider including LSS in your estate plans.

Planned Giving is a process and set of tools to enable you to give to organizations and causes beyond your lifetime. It is known as deferred giving and estate planning. There are many types of planned gifts, many of which provide income tax savings to the donor and their heirs, and ultimately a gift to LSS. The most common and easy way to arrange a planned gift is a bequest in your will. A will is perhaps the easiest and most effective means to ensure that you provide for your family, and that your assets are distributed as you wish. If you choose to make a gift through your will to LSS, the following language will be helpful to you and your attorney:

"I give, bequeath and devise _____% of my Estate [or $_____] to Lutheran Social Services of South Dakota."

A gift to LSS through your Will has several advantages.

  • Charitable gifts made through your will are 100 percent deductible for estate tax purposes.
  • A charitable gift may place your estate in a lower tax bracket.
  • Once you notify LSS of South Dakota of your gift intention, you qualify for membership in our LSS Foundation Founders Family.

Other types of planned gifts include:

  • Gift AnnuityIn exchange for your gift to charity, you or 1-2 other annuitants receive a fixed sum each year for life.

  • Deferred Gift AnnuityIn exchange for your gift to charity, you or 1-2 other annuitants receive a fixed sum each year for life starting at the date of first payout.

  • Life InsuranceChange the beneficiary to LSS on an existing policy, transfer ownership of your cash value life insurance policy to LSS and receive a charitable income tax deduction for making the gift, establish a new charitable life insurance policy - you'll receive a charitable income tax deduction each time a gift is made to support the policy.

  • Retirement PlansYour IRA and other retirement plans are part of your taxable estate. Simply add LSS as a beneficiary or change the beneficiary to LSS on your IRA and make a tax-free gift.

  • Charitable Remainder UnitrustYour unitrust pays a fixed percentage of its value, determined each year, to you or others you name for life or a term of years. The remaining assets then go to charity.

  • Charitable Remainder Annuity TrustYour trust pays a fixed dollar amount each year to you or others you name for life or a term of years. The remaining assets then go to charity.

  • Retained Life EstateYou deed your home or farm to charity but retain the right to live in it for the rest of your life, a term of years, or a combination of the two.

  • Charitable Lead UnitrustYour unitrust pays a fixed percentage of its value, determined each year, to charity for a term of years or one or more lifetimes. The accumulated assets then go back to you or others you name.

  • Charitable Lead Annuity TrustYour trust pays a fixed dollar amount each year to charity for a term of years or one or more lifetimes. The accumulated assets then go back to you or others you name.

To discuss how planned giving may help you provide for your family and LSS, please contact:

LSS Development & Foundation
705 E. 41st Street, Suite 200 Sioux Falls, SD 57105
800-568-2401, 605-444-7500 local

Southeast Region
705 E. 41st Street, Suite 200 Sioux Falls, SD 57105
800-568-2401, 605-444-7500 local
Jamie Lennon, Development Director
Jamie.Lennon@LssSD.org

Northeast Region
110 6th Ave. SE, Suite 200 Aberdeen, SD 57401-6266
800-584-9248, 605-262-6300 local
Liesl Hovel, Development Director
Liesl.Hovel@LssSD.org

Western Region
2920 Sheridan Lake Road Rapid City, SD 57702
800-260-1439, 605-791-6700 local
Jessica Lillebo, Development Director
Jessica.Lillebo@LssSD.org

 

Lutheran Social Services of SD is a member of the SD Synod of the ELCA's Lutheran Planned Giving (LPG) Program. Lutheran Planned Giving provides assistance to individuals who would like to support charitable Lutheran member organizations. They can help you with your planning, and can handle numerous charitable beneficiaries. For example, if you wanted to include your congregation, the seminary, and LSS as beneficiaries of a charitable remainder unitrust, they can help you with your planning and paperwork. The contact for Lutheran Planned Giving is:

Lutheran Planned Giving of South Dakota
Kathy J. McHenry
605-274-5030 • 605-868-8754 • kmchenry@sdsynod.org

The information in this web site is not intended as legal advice. For legal advice, please consult an attorney.

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