One of the easiest and most common ways for you to support Luther College is with a gift of cash. Cash can be used to support our work in the form of:
An outright gift. By making a cash gift by check, credit card or money order today, you enable us to meet our most urgent needs and carry out our mission on a daily basis. You will have the opportunity to see your generosity in action and will also receive an immediate federal income tax charitable deduction, when you itemize.
A payable on death (POD) account. A POD bank account or certificate of deposit names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account.
A gift in your will or living trust. Through a gift in your will, you can support Luther College with a specific amount of money or a percentage of your total estate. This type of gift allows you the flexibility to change your mind at anytime and your estate will benefit from a federal estate tax charitable deduction for the amount of the gift.
A charitable gift annuity. One of the most common ways to fund this gift that supports Luther College and provides you and/or a loved one with fixed payments for life is with cash in the form of a check. A charitable gift annuity typically works well for those 60 and older.
A donor advised fund. A gift of cash through check or credit card is one of the easiest ways to contribute to a donor advised fund. Your federal income tax charitable deduction is equal to the amount of your cash contribution.
Memorial and tribute gifts. If you have a friend or family member whose life has been touched by Luther College, consider making a gift in his or her name.
An endowed gift. Create an endowment or contribute to an already established endowment to ensure that your support of Luther College will last forever.