Your Gifts Matter
Thank you very much for your interest in learning about the many ways to make a gift that will enhance the lives of the people served by Mount Olivet Lutheran Church. Gifts of any size make a difference and help our church further its mission of Believing, Belonging, Becoming.
For questions about the many ways to make a gift, contact the Development Office at 612.821.3150.
Mount Olivet Lutheran Church is a 501(c)(3) tax exempt organization. The IRS Tax ID number is: 41-0773766.
Outright gifts include checks, credit cards, payroll deductions, matching gifts, and appreciated assets like stocks or bonds. Outright gifts can be used for pledge payments.
Outright gifts can also be made “in memory of” or “in honor of” someone special and can be undesignated for general purposes or designated for a special need. If a gift is given “in memory of” or “in honor of” someone, please provide the name of the person being remembered. Include a notification request if you wish for someone to be notified of your gift. Be sure to include contact information for the person being notified.
Credit Card Gifts
A credit card gift may be made online by clicking here.
Call the finance office at 612.767.2255 for assistance.
Gifts by Check
Please mail your check or drop it off at:
Mount Olivet Lutheran Church
Memorials and Gifts
5025 Knox Avenue South
Minneapolis, MN 55419
If you have a donor-advised fund, please consider making a gift through your fund. You may request that your gift be designated for a particular program or ministry.
Payroll Deduction and Matching Gifts
Check with your employer to learn if you can make a payroll deduction gift or if your employer offers a matching gift program.
Gifts of Appreciated Assets
Appreciated assets include stocks or bonds. There can be tax advantages to gifting appreciated assets. Contact the Development Office at 612.821.3150 for information about gifting appreciated assets. You should a contact your financial advisor or attorney to make sure this type of gift will work for you.
The Charitable IRA Rollover
The Charitable IRA Rollover, permanently enacted by Congress in 2017, is another way to make an outright gift. You must be 70 ½ years old to make this kind of gift. The check must be made out to a charity to qualify, i.e. Mount Olivet Lutheran Church. Contact your financial advisor to learn if this will work for you. Mount Olivet’s development office has forms for you to use to send to your administrator and to notify the church of your plan. Please call 612.821.3150 to receive the appropriate forms.
If you are a Thrivent member, you can designate a gift through Thrivent Choice. Click here or contact your Thrivent advisor to learn more.
Again, thank you very much for sharing your blessings with Mount Olivet Lutheran Church. We are most appreciative.
“Way to Make an Outright Gift” information illustrates concepts in charitable giving and is not intended as legal services or advice. You should consult with competent tax and legal professionals as to the applicability of any items to your personal situation.
Become a Mount Olivet Vision Partner
Mount Olivet Vision Partners are people of all ages who want to share their blessings by making a planned gift for Mount Olivet Lutheran Church and/or any of its affiliated organizations, including Cathedral of the Pines camp and the Mount Olivet Conference and Retreat Center. Mount Olivet Vision Partners are “leaving a legacy” for future generations by perpetuating their values and the Mount Olivet mission of serving others.
By making a planned gift in your estate plan, you express your generosity in a meaningful way, perpetuate your values, and set an example for your family and friends. There are many ways you can leave a legacy. Your gift will inspire others and have an impact for years to come. Special events for Vision Partners are held periodically.
Contact the Development Office at 612.821.3150 if you have already named Mount Olivet Lutheran Church and/or one of its affiliated organizations as a beneficiary in your Will or Trust or if you would like more information on estate planning.
We would love to welcome you to Mount Olivet Vision Partners and to show our sincere appreciation and gratitude for your generosity.
Charitable IRA Roll Over
Thank you for considering making a Charitable IRA Rollover gift!
The qualifications are:
- Donor must be 70 ½ years of age or older.
- Only traditional IRAs are eligible for gifting.
- Donors must request a direct transfer of funds from their plan administrator to a qualified 501(c)(3) nonprofit.
- Gifts cannot be made to a private foundation or to a donor-advised fund.
- Gifts cannot be used to fund a charitable gift annuity or charitable remainder trust.
- IRA gifts will not be treated as taxable withdrawals.
- If you have not taken your Required Minimum Distribution (RMD), this transfer will count towards your RMD for any given year.
- Any individual may directly transfer up to $100,000 to any 501(c)(3) nonprofit in a given calendar year.
Leave Your Legacy
Thank you for considering making a planned gift in your estate plan for Mount Olivet Lutheran Church. It can be very satisfying to support your church whose mission and ministry has been important to you during your lifetime. You will also set an example for others. Over half of all Americans do not have a Will, although people of all ages should have a Will or Trust to direct the distribution of their assets after they die. With a Will or Trust you can make a difference by leaving a gift to the church, Cathedral of the Pines camp or the Mount Olivet Conference & Retreat Center. You become a Mount Olivet Vision Partner. Contact a qualified estate planning attorney to get started. You may also call Development Office at 612.865.0219. For more information about Estate Planning and Estate and Gift Taxes.
Below are charitable gift methods for you to consider.
Wills and Bequests
Bequests: Leave your legacy for Mount Olivet Lutheran Church by making a bequest in your Will or Trust. A bequest is one of the simplest ways to remember a charity you care about.
Sample bequest language:
- Specific Bequest — I give the sum of $1,000 to Mount Olivet Lutheran Church to be used for the greatest need.
- Share of Estate – I give an amount equal to 10% of my gross estate to Mount Olivet Lutheran Church.
- Share of Remainder of Estate – I give one half of the remainder of my estate to Mount Olivet Lutheran Church.
- Specific Assets – I give 30 shares of Jones Power Company common stock to Mount Olivet Lutheran Church.
- Contingent Gift – If my spouse does not survive me, I give the sum of $10,000 to Mount Olivet Lutheran Church.
Any one of these gifts can be designated for a specific purpose.
Click Here for more information.
Income Producing Gifts
Charitable Gift Annuity (CGA): This is often called the “win-win” gift because it benefits both the donor and the charity. The first CGA dates back to 1843 when a merchant in Boston donated money to the American Bible Society in exchange for an income stream. With a CGA, there can be significant tax benefits. Click Here for more information. To receive a personalized charitable gift annuity illustration, please contact the Development Office at 612.821.3150.
Charitable Trusts: There are a variety of charitable trusts you can establish with numerous benefits to the donor, including possibly increasing your income and realizing tax advantages. Charitable trusts can also help you provide an inheritance for your loved ones.
Retirement Assets: It is easy to make Mount Olivet Lutheran Church a beneficiary of an IRA account or other retirement plan. Since these assets have never been taxed, they make ideal gifts for nonprofit organizations. Contact your retirement plan administrator and request the appropriate beneficiary form. Click Here for more information.
Life Insurance: You can gift life insurance to provide a charitable gift by making Mount Olivet Lutheran Church the beneficiary of your current policy or by purchasing a new policy. Contact your insurance agent for the appropriate beneficiary form. Click Here for more information.
Real Estate and Tangible Personal Property
Transfer on Death Deed: This deed transfers ownership of real estate to a named beneficiary outside of a Will or Trust and takes effect upon the death of the owner. It is a simple way to make a gift of your home or other property to a charity.
Retained Life Estate: You can donate your home, one of your most valued possessions, while you are still living in it, even if you want your spouse or other survivor to live in the home for their lifetime. Click Here for more information about real estate gifts.
Tangible Personal Property: Gifts to charity of tangible personal property commonly include: artwork, jewelry, collectibles, motor vehicles such as cars and boats, agricultural products, and business related items and equipment.
Again, thank you for your interest in leaving a legacy for your church, Cathedral of the Pines camp, or the Mount Olivet Conference and Retreat Center. Your support will further Mount Olivet’s mission and ministry in meaningful ways. You will also become a member of our Mount Olivet Vision Partners.
For questions, call the Development Office at 612.821.3150.
This information illustrates concepts in charitable giving and is not intended as legal services or advice. You should consult with competent tax and legal professionals as to the applicability of any items to your personal situation.