Thrivent Field News

WANT some PERSONAL CHARITABLE TRAINING?

Want to know more about incorporating charitable giving into your clients’ financial programs? Contact the LCF to schedule a one-on-one, over-the-phone training session with an LCF Gift Planner and learn about:

LCF offerings and how they fit into Thrivent Financial’s sales advisory process.
Specific charitable solutions of interest to you and your clients.

Sessions usually last for 45 minutes - 1 hour. Contact the LCF for more information.

OPTION FOR EARLY RETIREMENT INCOME

More and more people are choosing to retire before traditional retirement age (before they’re eligible for certain retirement
benefits). Unlike a traditional gift annuity, a charitable Commuted Payment Gift Annuity provides fixed, pre-retirement
income for a set number of years – income that can serve as a bridge until traditional retirement benefits begin.

Example:
Joe Donor is 55 years old and has accumulated sufficient assets in his taxable accounts and qualified retirement plan to last his retirement years. However, he cannot access his qualified retirement plan until he turns 59-1/2 without triggering a 10% penalty tax. He estimates he will need $70,000 a year for four years to bridge the gap to full retirement age.

Mr. Donor funds a commuted payment gift annuity with $358,817 in assets from his taxable accounts. Upon his early retirement he will be entitled to an annuity of $70,000 a year for four years. After that, the remaining assets can be used by a charity. In addition, Mr. Donor will earn a substantial income tax charitable deduction of about $130,000, and, assuming a modest 5% investment return, the charity will receive a remainder of about $135,000.

For more information about charitable Commuted Payment Gift Annuity, call 800/365-4172 to talk to a Gift Planner.

PAst issues of Field News


		According to a national donor study, financial and legal advisors play an important role in charitable giving. Advisors provided the impetus in 29% of the cases for charitable bequests and 68% for charitable remainder trusts, both up roughly five times the comparable 1992 results. Source: National Committee on Planned Giving, Journal of Gift Planning.



		Profiles of Joy - Winter 2008 More than 150 Foundation donors have designated their gifts to helping the environment. And this number continues to increase as more people become concerned about the many environmental factors stressing our planet. Read more in Profiles of Joy.

Charitable giving can result in significant tax, legal and financial consequences. Because the Foundation cannot give legal or tax advice, you are strongly encouraged to consult with your personal legal and tax advisors.

To ensure compliance with IRS requirements, be aware that any U.S. federal tax advice that may be contained on this webpage is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing and recommending to another party any transaction or matter addressed herein.