At Rushford Lutheran Church, we use Simply Giving for direct payments. Just click on the Sign In / Sign Up section in the above box; or visit www.vancopayments.com/OnlineGiving to set up your giving account. You may choose to give to the general fund, missions, building improvements, memorial giving, Easter or lent. You can also download the free app Give+ on your smart phone, search for Rushford Lutheran Church and follow the set up. You can set your offering or contribution to be a one time, weekly, biweekly, monthly, etc. With these challenging times of “social distancing”, this is a great option to submit your offerings and contribution to your church. It’s fast and easy. Or you can always mail your offerings to Rushford Lutheran Church, PO Box 399, Rushford, MN 55971.
RLC Endowment Fund
The RLC Endowment Fund is another option for contribution. The Endowment Fund is invested through a financial service selected by the Endowment Committee, approved by the Church Council, in a diversified portfolio which is intended to minimize risk and yet return a good dividend. It is supervised by the Endowment Committee. This fund is different from the Memorial Fund. The Endowment Fund invests the principal and spends only interest earned from the investment. The bylaws require the earnings to be spent in the following areas: 1/4 for capital improvements, deb reduction, building program; 1/2 for scholarships or grants to members of Rushford Lutheran Church; and 1/4 for mission at home or overseas. You can participate by:
- Bequest by Will or Trust – Gifts can be for a specified amount or percentage of your estate
- Outright Lifetime Gift – Consider honoring your family members simply though an outright gift of cash, stocks or real estate during your lifetime
- Life Insurance or Annuity – An Existing or new life insurance or annuity policy can provide benefits to the congregation and tax benefits to the donor.
- Charitable Remainder Trust – Avoids capital gains taxes on highly appreciated assets and provides you, and loved ones, with a larger income stream than if you sold the assets and reinvested the after-tax proceeds. The ‘remainder’ of the funds left after the trust terminates is given to the congregation.
- Charitable Lead Trust – The reverse of a charitable remainder trust. The congregation receives income for a period, after which the remaining assets revert to the donor or beneficiaries.
- IRAs, Profit Sharing and 401(k) Plans – Because these assets can be subject to income and estate taxes at death, designating the congregation as a beneficiary can avoid all taxes and maximize the value of the assets.
IMPORTANT NOTICE: Neither the Endowment Fund nor its representatives can offer legal advice. For such advice, attorneys, accountants, and other professional advisors should be consulted.
If you wish to have more information about the Endowment funds, please contact any member of the Endowment Committee: Tom Kopperud, Chair; Richard Bjorlo, Gordy Elliott, Council representative, John Campe, and Herb Highum.