What is the Lord of Life Legacy Fund?
The Lord of Life Legacy Fund is an endowment fund established in 2017 to strengthen the Church’s mission through the development and management of major financial gifts. The Endowment provides a secure avenue for donors to leave a legacy of giving, helping ensure excellence and innovation in ministry at Lord of Life Church for generations to come.
What is the mission of the Legacy Fund?
Our mission is to help the people and ministries of Lord of Life Church be more creative and effective in Connecting People with Jesus and Each Other. These funds are typically used for new projects, missions, ministries and initiatives that are beyond the operational budget of Lord of Life Church.
What impact does it make?
The Lord of Life Legacy Fund moves the missions and ministries of the Church forward in exciting and innovative ways by providing future financial resources.
Do I have to designate the gift?
No. Your unrestricted gift leaves flexibility for future initiatives.
What are the priorities of the Endowment?
The Legacy Fund helps fund new ministries that further the mission of Lord of Life Church. Key areas include:
- Innovative church ministries reaching new people of all ages
- Major facility improvements
- Local, national and global mission partners
- Preschool programs and initiatives
Through the funding it provides, the Legacy Fund helps future vision and dreams become reality for our church.
Can I give a gift while I’m alive?
Yes! You can give a gift to the Legacy Fund while you are alive. A gift can be given through your charitable trust while you’re alive. You can also give gifts at any time as cash, check, bank account transfer, securities, real estate or gifts in honor or remembrance of others.
How will my gift be used?
You have a choice to designate your gift to the ministry area of your choice. Your gift will provide a stable, ongoing source of funding for the ministries you care about for many years to come.
How is the Legacy Fund managed?
The Legacy Fund Team manages the endowment program at Lord of Life. An independent financial services firm, InFaith Community Foundation, will manage the invested account funds on a regular basis.
Has an audit been done on the Legacy Fund?
The Legacy Fund has been launched and is currently in the process of inviting people to contribute. Once the Legacy Fund is funded, an audit will be conducted annually by a CPA and we anticipate continuing regular audits moving forward.
Is there a minimum required gift amount?
No. Gifts of any amount will be accepted.
How can I give a gift to the Legacy Fund?
There are many ways to give:
Gifts can be made at any time from cash or non-cash assets such as:
- Cash, check or bank account transfer
- Stocks, bonds and mutual funds
- Investment property, real estate
- Farm property
- Gifts in honor or remembrance of others
Planned gifts can be arranged in your estate and financial plans through:
- Bequests – will or trusts
- Beneficiary designations
- Retirement accounts
- Life insurance proceeds
- Charitable annuities and charitable trusts
- Donor-Advised Funds
If you have any questions, please contact the Legacy Fund Team at (630) 513-5325 for more information or to get started with a gift.
