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

CPLOM Mission

“To share the Gospel of Jesus Christ within the unique setting of outdoors ministry.”

“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.

The Thrivent Opportunity

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

Answers to your questions

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

Charitable Remainder Unitrust

PropertyValue $100,000Cost 10,000Gain $90,000

Principal$100,000

6.5%

Two Lives

Camp Perkins

$114,339

Bypass $90,000 gain plus

income tax deduction of $55,871

Remainder of Estate to Children = $300,000 or $100,000 per child

Annual Income $6,500