Lutheran Social Services of Northwestern Ohio Foundation

Foundation Information: Gift Legacy link

 

Generosity Matters

by Fred Heintz, Executive Director, LSS Foundation

I want to make a significant gift. But how can I?”

One possibility is LIFE INSURANCE!

You could name Lutheran Social Services (or your congregation – or both) as a partial BENEFICIARY of your existing life insurance. For example, the beneficiary designation might read, “5% to St. Nick’s, 5% to LSS, and 90% to my family).

OR – Do you still have that small life insurance contract your parents bought when you were two years old? GIVE that small contract to LSS (or your congregation). It is called an “absolute assignment” of ownership. LSS will now control all aspects of the contract – and you receive a charitable tax-deduction for the cash value of the contract.

OR – Buy a new, charitable life insurance contract with LSS (or your congregation) as the owner. Typically, you’ll make a tax-deductible contribution in the amount of the annual premium each year. Then, LSS pays the actual premium to the insurance company.

These are three relatively simple ideas – there are twists to each of them that might make it just right for you. We’ll be glad to work with you and your advisors to create the most appropriate plan for your generosity.

As always, we encourage you to consult your advisors (legal, financial, and tax) before making a significant gift.

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Fred Heintz joined the Lutheran Social Services of Northwestern Ohio Foundation in March 2006. He comes to the foundation after working for Thrivent Financial for Lutherans for nearly 15 years. Heintz also has a master’s degree in theology from Trinity Lutheran Seminary in Columbus and served as a pastor in the Evangelical Church in America for 12 years. He is married to Lana, has two children and attends Olivet Lutheran Church in Sylvania.

Heintz succeeds Josef Kucklekorn who retired as the Foundation Executive Director after 16 years of service to LSSNWO. Kucklekorn, who was instrumental in the Foundation’s establishment, served as its executive director since it was founded in 1993. From 1993 until 1999 he served as both the LSS Foundation’s Executive Director and as the Director of Planned Giving for Lutheran Social Services. In 1999 he retired from his planned giving position but continued to manage the foundation. Kucklekorn, though now retired, will continue serve the foundation as an investment advisor.

Lutheran Social Services Foundation Directors

Karen V’Soske, Chair, Community of Christ, Whitehouse

Ora Alleman, Epworth United Methodist, Toledo;

Jill Koehler, First, Findlay

Richard Lock, St. Stephen, Sylvania

S. Dean Roberts, All Saints, Toledo

Donald Spohler, St. Martin, Archbold

Riad Yammine, First, Findlay

Rev. Charles Campbell, All Saints, Toledo

Pam Hershberger, All Saints, Toledo

Fred Heintz, Executive Director, Olivet, Sylvania