Turning Problems Into Opportunity Through a Life Income Gift
“We were led by the Lord to do this.” This is the only way John and Monika Lautenbach can explain why they set up a charitable remainder trust through Barnabas Foundation.
Nearly 40 years ago, the Lautenbachs’ purchased three acres of property in McMinnville, Oregon. They intended to build a house there, but it never quite panned out. Finally, they decided to sell the land.
Faith Community CRC in Beaver Dam, WI has always found meaningful and creative ways to connect to their community in mission. Recently, this required the church to decide whether their next pastor would be full-time.
“We were right on the edge of being able to afford it,” recalls Bruce McMurry
Q: What kinds of gifts can I give in exchange for life income payments?
A. Surprisingly, there a variety gifts you can give in exchange for payments for life – everything from cash, publicly traded appreciated stock, real estate that has grown in value, farm machinery that is paid for and depreciated, and commodities such as grains, fruits or even livestock.
Q. I’ve heard there are ways I can give to ministry and receive income for life. Is that true?
A. Yes! Through a life income gift, such as a charitable gift annuity or a charitable remainder trust, you can support the important work of your church or favorite ministry AND receive payments for life.
A figure skater finishes her routine at a competition, and fans flood the ice with stuffed animals and flower bouquets. Sometimes, so many gifts are thrown from the stands that “sweepers” help clear the ice. Who really needs that many teddy bears? What’s the point?