A History of Giving
From the humble beginnings of our first $1000 donation to today, the Central Lutheran Church Foundation has relied on our members and friends for support of Central Lutheran Church.
The Foundation Board has maintained the principle value of our donations. Through the Board’s Investment Committee, outside investment managers, and auditors the growth has continued.
The Foundation continues to provide energy and financial resources to Central Lutheran Church as it lives out its mission to explore the promises of God for all.
Development
For more information about giving to the Central Lutheran Foundation, please contact:
(651) 426-5908
giving@centrallutheranfoundation.org
Become a Legacy Partner
Central Lutheran Church Foundation’s Legacy Partners are members and friends of Central Lutheran Church who have made a commitment to include the Central Lutheran Church Foundation in their estate plan. In addition, those who have made a current one-time or cumulative $10,000 gift to the Foundation are members of the Legacy Partners.
We celebrate the Legacy Partners who entrust the fruits of their labor during their lives through a financial commitment to CLCF, which benefits the church in perpetuity. We honor the Partners with a special thank you event and other celebrations each year, and Partners receive an engraved crystal etching of Central Lutheran Church’s historic sanctuary.
Find information on how to become a Legacy Partner and profiles on some of the Partners by clicking the buttons below:
Ways to Give*
Gifts of any amount are welcome. You may make gifts with cash, stocks, bonds, mutual funds, life insurance, donor advised funds, real estate, and personal property. Your gift may be given in different ways:
Cash
All gifts by check for The Foundation will be accepted regardless of amount. Checks must be made payable to “Central Lutheran Church Foundation.” In no event will a check be made payable to an individual who represents The Foundation in any capacity. Cash also can be donated by pressing the Donate button in the upper right.
Benefit Plans: 401K Retirement, IRAs
Payments of the proceeds of a 401(k), 403(b), or similar retirement plan or individual retirement account for The Foundation will be gratefully accepted.
Charitable Gift Annuity
Charitable gift annuities and deferred payment charitable gift annuities will be accepted for The Foundation. Annuities will be administered through a third-party administrator.
Charitable Lead Trust
Payments from a charitable lead trust designated for The Foundation will be accepted, with assets returned to the donor’s estate at the end of the term.
Charitable Remainder Trusts
Charitable remainder trusts for which The Foundation is a remainder beneficiary are accepted, provided that The Foundation will not serve as the trustee.
Donor-Advised Fund
Distributions from a donor-advised fund will be accepted.
Gifts Through Employers
Employees of some firms may elect to give to one of a variety of community causes through a corporate campaign. Others may give to causes and have such gifts matched by their employer.
Life Insurance
Proceeds from a life insurance policy that names The Foundation as a beneficiary (primary or contingent) are accepted. In addition, The Foundation may accept a gift of ownership of a life insurance policy.
The Executive Committee will determine whether The Foundation will continue to pay the premiums, if the policy is not paid up, or to accept the cash surrender value of the policy.
Personal Foundation
You may direct gifts from your personal foundation to the Central Lutheran Church Foundation.
Personal Property
Gifts of tangible personal property, such as art, antiques, collectibles and other personal property, are gratefully accepted for The Foundation upon recommendation by the Executive Committee, and based on (but not limited to) the following information:
- Current title and ownership
- Independent qualified third-party appraisal
- Recommendation on marketability
Such information is necessary for the Foundation to adhere to all Internal Revenue Service (“IRS”) requirements relating to disposing of gifts of tangible personal property.
Note about Appraisals
In securing appraisals and legal fees for gifts to the CLCF, it will normally be the responsibility of the donor to secure an appraisal (where required) and independent legal counsel for all gifts made to The Foundation. The donor is responsible for obtaining a qualified appraisal in accordance with instruction to IRS Form 82283 for all non-cash
Real Property
Gifts of real estate that is unencumbered, marketable, and free of environmental or other problems are accepted for The Foundation at the discretion of the Executive Committee, based on information about the following:
- Current title and ownership
- At least a Phase I environmental audit
- Current zoning
- Any and all restrictions
- Any encumbrances, including an Affidavit of Lien signed by the owner
- An independent qualified third-party appraisal
- A recommendation on marketability
Note about Appraisals
In securing appraisals and legal fees for gifts to the CLCF, it will normally be the responsibility of the donor to secure an appraisal (where required) and independent legal counsel for all gifts made to The Foundation. The donor is responsible for obtaining a qualified appraisal in accordance with instruction to IRS Form 82283 for all non-cash
Stocks, Bonds, and Securities
Publicly traded securities will be accepted by The Foundation. Gifts of closely held securities will be accepted at the discretion of the Board of Trustees if they can readily be liquidated. Securities will generally be sold as soon as practical.
Will or Trust
You may include gifts such as cash or stock as a special gift to the Foundation in your written Will or Trust.
Sample Language
Sample Bequest Language for Central Lutheran Church Foundation
Tax Identification: 41-6029139
Sample Bequest Language for Wills and Trusts:
Specific Amount:
I, (NAME) hereby give, devise, and bequeath to Central Lutheran Church Foundation, 7201 Ohms Lane, Suite 100, Edina, MN 55439, the sum of $XX,XXX to be used at their discretion to assist in the ministries of the Church.
Percentage Amount:
I, (NAME) hereby give, devise, and bequeath to Central Lutheran Church Foundation, 7201 Ohms Lane, Suite 100, Edina, MN 55439, XX% of the rest, residue, and remainder of my estate, to be used at their discretion to assist in the ministries of the Church.
Contingency Bequest:
In the event the beneficiaries of bequests and devises herein predecease me, or, in the case of institutions, cease to be organizations described in section 501(c)(3) of the Internal Revenue Code, I, (NAME) hereby give, devise, and bequeath to Central Lutheran Church Foundation, 7201 Ohms Lane, Suite 100, Edina, MN 55439, the rest, residue and remainder of my estate, to be used at their discretion to assist in the ministries of the church.
Sample Language for Pay on Death or Beneficiary Accounts:
Central Lutheran Church Foundation
7201 Ohms Lane Suite 100
Edina, MN 55439
* Information on this website in not intended as legal or tax advice. For information on how any gift may affect your tax situation, please consult your own professional advisor.
Designated Funds
You may give any amount to an existing Designated Fund of the Foundation. If you wish to start a new designated fund named for the program, your family, or others, the minimum gift is $10,000.
Memorials and Honorariums
Donors may wish to recognize a deceased loved one or honor someone for a significant occasion. These gifts are meaningful and lasting tributes supporting the mission of Central Lutheran Church. You may give a gift electronically by clicking the “Donate” button on this website or by issuing a check payable to the Central Lutheran Church Foundation and sending to the following address:
Central Lutheran Church Foundation
7201 Ohms Lane, Suite 100
Edina, MN 55439
Whether you donate electronically or via a check sent to the Foundation Office, please name the person you are memorializing or honoring and the name/s and mailing address of whomever you wish to be notified of your gift.
Documents
Click on the links below to view/download these documents.