CPLOM –
Endowment
Opportunities
Sharing and mentoring with
CPLOM Delegates, Board of
Directors, hired leadership and
staff.
Facilitator –
Lloyd R. Probasco
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•
•
•
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
10-12
10-12
7-9
Your “strategic
plan” will spell
out the tactical
steps you intend
to take over time
to achieve your
mission and
reach your
Vision.
7-9
4-6
1-3
4-6
1-3
“To share the Gospel of
Jesus Christ within the
unique setting of outdoors
ministry.”
Your mission statement is the
essence of rationality.
Resource
Funding Plan
•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!
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
10-12
7-9
Your “strategic
plan” will spell
out the tactical
steps you intend
to take over time
to achieve your
mission and
reach your
Vision.
4-6
1-3
10-12
7-9
4-6
1-3
“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.”
Your mission statement is the
essence of rationality.
Resource
Funding Plan
•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!
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
Prepared For Mary Jones
• 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
What Can Mary Do?
Solution
Consider A Percentage
Bequest in Will or Trust
• 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
Bequest Under Will
Estate Value
75% to Children
= $300,000
divided between
3 children =
$100,000
$400,000
25% to Camp
Perkins Endowment
for ministry =
$100,000
Challenge
Prepared For Mary Jones
• 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
What Can Mary Do?
Solution
Consider Using Qualified
Plans as Gift to Lord’s Work
• Usually easy to accomplish – Pay-on-Death
designation or beneficiary
• Reduces several potential tax consequences
• Enables Mary to leave larger amount to heirs
To Children and Charity
IRA
$50,000
Property
$450,000
Children
$435,000
Camp Perkins
$50,000
• IRA -- No Estate Tax
• IRA -- Full Income Tax
To Children and Charity
IRA
$50,000
Property
$450,000
Children
$450,000
Camp Perkins
$50,000
• IRA -- No Estate Tax
• IRA -- No Income Tax
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
Consider A Charitable Trust
• Bypass Gain
• Increased Income
• Charitable Deduction
Charitable Remainder
Unitrust
Property
Value $100,000
Cost
10,000
Gain $90,000
6.5%
Two Lives

Remainder of Estate to
Children = $300,000 or
$100,000 per child
Principal
$100,000
Annual Income
$6,500
Bypass $90,000 gain plus
income tax deduction of $55,871

Camp Perkins
$114,339