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.”

Vision Strategic Plan Resource Funding Plan Your “strategic plan” will spell out the tactical steps you intend to take over time to achieve your mission and reach your Vision. Your “development plan” defines in annual quantifiable terms the things that must take place to fund your mission and ministry to bring it from where it is to the destination you want to arrive at! Your “development plan” defines in annual quantifiable terms the things that must take place to fund your mission and ministry to bring it from where it is to the destination you want to arrive at! Your mission statement is the 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.”

Vision Strategic Plan Resource Funding Plan Your “strategic plan” will spell out the tactical steps you intend to take over time to achieve your mission and reach your Vision. Your “development plan” defines in annual quantifiable terms the things that must take place to fund your mission and ministry to bring it from where it is to the destination you want to arrive at! Your “development plan” defines in annual quantifiable terms the things that must take place to fund your mission and ministry to bring it from where it is to the destination you want to arrive at! Your mission statement is the 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

Challenge 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?

Solution 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 Bequest 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

Challenge 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?

Solution 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 Plans as Gift to Lord’s Work

To 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 Charity IRA -- No Estate Tax IRA -- No Income Tax IRA $50,000 Property $450,000 Children $450,000 Camp Perkins $50,000

Challenge 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?

Solution Bypass Gain Increased Income Charitable Deduction Consider A Charitable Trust

Charitable Remainder Unitrust Property Value $100,000 Cost 10,000 Gain $90,000  Principal $100, % 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