cplom – endowment opportunities sharing and mentoring with cplom delegates, board of directors,...
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CPLOM – Endowment Opportunities
Sharing and mentoring with CPLOM Delegates, Board of Directors, hired leadership and staff.
Facilitator – Lloyd R. Probasco• Idaho roots• Stakeholder in Camp Perkins• Christian Steward• Professional development in LCMS for
37 years• Passion for Great Commission and
stewardship growth• Professional experience includes
endowment and foundation work
Takeaways for Today• The Thrivent opportunity• Mission – Vision diagram• Endowment Fund explanation• Your involvement:
– Your story*– Identifying and sharing*
• Building on your dreams*• Answers to your questions
“To share the Gospel of Jesus Christ within the unique setting of outdoors ministry.”
Vision
10-12
7-9
4-6
1-3
10-12
7-9
4-6
1-3
StrategicPlan
Resource Funding Plan
Your “strategic Your “strategic plan” will spell plan” will spell out the tactical out the tactical steps you intend steps you intend to take over time to take over time to achieve your to achieve your mission and mission and reach your reach your Vision.Vision.
•Your Your “development “development plan” defines in plan” defines in annual annual quantifiable quantifiable terms the terms the things that things that must take place must take place to fund your to fund your mission and mission and ministry to ministry to bring it from bring it from where it is to where it is to the destination the destination you want to you want to arrive at!arrive at!
Your mission statement is the Your mission statement is the essence of rationality.essence of rationality.
CPLOM Endowment Mission
“To provide additional financial resources making it possible for CPLOM to share with many more the Gospel of Jesus Christ within the unique setting of outdoors ministry.”
“To provide additional financial resources making it possible for CPLOM to share with many more the Gospel of Jesus Christ within the unique setting of outdoors ministry.”
Vision
10-12
7-9
4-6
1-3
10-12
7-9
4-6
1-3
StrategicPlan
Resource Funding Plan
Your “strategic Your “strategic plan” will spell plan” will spell out the tactical out the tactical steps you intend steps you intend to take over time to take over time to achieve your to achieve your mission and mission and reach your reach your Vision.Vision.
•Your Your “development “development plan” defines in plan” defines in annual annual quantifiable quantifiable terms the terms the things that things that must take place must take place to fund your to fund your mission and mission and ministry to ministry to bring it from bring it from where it is to where it is to the destination the destination you want to you want to arrive at!arrive at!Your mission statement is the Your mission statement is the
essence of rationality.essence of rationality.
Endowment Fund
1. Definition = Fund established by CPLOM that provides income for mission and ministry of CPLOM.
2. Why establish such a fund? Give donors an additional opportunities to help CPLOM accomplish its Vision.
3. Endowment Fund benefits to CPLOM.
4. Establishing and managing CPLOM Endowment Fund.
Your CPLOM Involvement• Developing your own CPLOM story.
• Identifying those who have benefitted from CPLOM experience.
• Identifying people that the CPLOM Mission resonates with.
• Sharing your CPLOM story and asking for input to and investment in CPLOM.
Building on CPLOM Dreams•Number of campers
•Additional member congregations
•New camping programs
•New facilities
•Renovated and remodeled facilities
•Size of Camp Perkins Endowment Fund
Your Legacy
• Everyone leaves a Legacy– Some are planned, while– Some are not
• Importance of planning– For family– For Lord’s work
• This plan could be your plan• Retirement distributions
ChallengeChallenge
• Mary has average estate that may grow or may be needed
• She has love for Camp Perkins and it’s many ministries
• She would like to leave a gift for Lord’s work
Prepared For Mary Jones
What Can Mary Do?
SolutionSolution
• Mary has complete control during her lifetime
• If Mary’s estate grows percentage to Lord’s work
increases, if a portion is used for her care the
percentage to Lord’s work decreases
• Children’s inheritance and gift to Lord’s work
treated equally
Consider A Percentage Consider A Percentage Bequest in Will or TrustBequest in Will or Trust
Bequest Under Will
Estate Value
$400,000
75% to Children = $300,000 divided between 3 children = $100,000
25% to Camp Perkins Endowment for ministry = $100,000
ChallengeChallenge
• Mary knows that 80% of all Qualified Plans are never used by person who implemented it
• She recognizes that Qualified Plans could face up to five tax events when distributed to heirs
• She has a passion for the ministries at Camp Perkins
Prepared For Mary Jones
What Can Mary Do?
SolutionSolution
• Usually easy to accomplish – Pay-on-Death
designation or beneficiary
• Reduces several potential tax consequences
• Enables Mary to leave larger amount to heirs
Consider Using Qualified Consider Using Qualified Plans as Gift to Lord’s WorkPlans as Gift to Lord’s Work
To Children and CharityTo Children and Charity
• IRA -- No Estate Tax
• IRA -- Full Income Tax
IRA $50,000
Property $450,000
Children $435,000
Camp Perkins $50,000
To Children and CharityTo Children and Charity
• IRA -- No Estate Tax• IRA -- No Income Tax
IRA $50,000
Property $450,000
Children $450,000
Camp Perkins $50,000
ChallengeChallenge
• Bought Growth Property or Stock
• Increased Value, Low Income
• Need More Income
• Don’t Want to Pay 1/5 In Tax
How to Increase Income Without Taxes?
SolutionSolution
•Bypass Gain
•Increased Income
•Charitable Deduction
Consider A Charitable TrustConsider A Charitable Trust