The CLC Legacy Endowment Fund

CLC has recently established an Endowment Fund. The purpose of this fund is to help CLC transition from a founder-led regional ministry to a national multi-generational ministry. This is a bold and exciting strategy. The CLC Legacy Endowment Fund was established with The Firm Foundation, which is affiliated with The National Christian Foundation. CLC’s affiliation with these two foundations will allow it to accept complicated and complex gifts such as those shown below under Planned Giving. Please keep CLC in mind when you are reviewing or preparing your will or trust.

 

Planned Giving

The simplest way to contribute to CLC is to donate cash, checks, or securities. However, an innovative and tax-smart way to give is to donate appreciated,
Non-Liquid Assets such as; real estate, business interests, retirement plans, etc. Through its affiliation with the Firm Foundation of Middle Tennessee (FF) (www.thefirmfoundation.us) CLC can accept most any type of asset, including:

• Appreciated Securities and Mutual Funds

• Estate Gifts/Charitable Trusts – How they work
1. Charitable Gift Annuities (CGA)
2. Charitable Remainder Trust (CRT)
3. Charitable Lead Trust (CLT)
4. Life Insurance - term, whole, universal or variable

• Retirement Plans – 401Ks, IRAs or pension plans

• Real Estate – land, houses or other properties

• Business interests – ownership in Closely-Held Stock, Limited Partnership Interests, Limited Liability Company (LLC’s), or Sub-Chapter S Corp

• Restricted Securities – publicly traded securities that may have sale restrictions

• Loan Notes – money owed to you through loan notes

• Personal property – royalties, copyrights, patents, artwork or precious metals

• The Problem of “Excess Income”—Go to www.nationalchristian.com and click on Giving Library and then Brochures and PDF’s

• As you contemplate making a Planned Gift we suggest that you review the following documents found on The National Christian Foundations website at www.nationalchristian.com , which can be found by clicking on Giving Library and then Brochures & PDF’s:
1. Eternal Investment Decisions
2. Designing a Family Stewardship Philosophy
3. 15 Questions You Need To Answer Before having Your Attorney Prepare your Will

CLC has established a Single Charity Donor Advised Fund (DAR) with The Firm Foundations (FF). A DAF is a charitable giving vehicle administered by a third party and created for the purpose of managing charitable donations on behalf of an organization like CLC. A DAF is a low cost, flexible vehicle for charitable giving used as an alternative to direct giving or creating a private foundation.

The FF is one of a nationwide network of Local Christian Foundations that are affiliated with The National Christian Foundation (NCF) (www.nationalchristian.com). Since its inception in 1982, this network has granted more than $1.6 billion to over 15,000 churches and ministries. NCF, with whom FF is affiliated, is a member of the Evangelical Council for Financial Accountability (ECFA). Further, NCF and CLC have both been given a four star evaluation, which is the highest rating available, by Charity Navigator, America’s premier charity evaluator. “You will not become poorer, but richer, for giving to CLC.”

If you would like further information contact Hank Miles, Alumni Director at
615-370-5020.

“By including CLC in your will or trust you will impact others for all eternity.”