Consider a gift of stock or mutual funds to Lake Wapogasset Lutheran Bible Camp if your investment portfolio includes highly appreciated, low-yielding stock or mutual funds. Your appreciated securities may be exempt from capital gains taxes when you transfer them to Lake Wapogasset. You may receive a tax deduction equal to the market value of the securities at the time they are transferred.

Wills & Revocable Living Trusts

Through planned giving, your will allows you to remember your loved ones as well as Lake Wapogasset Lutheran Bible Camp. You can choose from several ways to bequest a gift through your will. Another option is to include Lake Wapogasset in a revocable living trust.

Charitable Gift Annuities

A charitable gift annuity allows you to receive income for life. Income from the gift can also apply to a second beneficiary. You may also want to consider a deferred gift annuity. The income you receive is determined by the amount of your gift and the ages of the income recipients. Benefits you receive from gift annuities include an immediate income tax deduction, a partially tax-free income for life, and reduced capital gains if you use appreciated securities to establish the annuity.

Charitable Remainder Trusts

A charitable remainder trust allows you to convert highly appreciated securities or real estate into income for life or a term of years and not incur capital gains tax when the asset is sold. Lake Wapogasset Lutheran Bible Camp will apply the remainder to our endowment at termination of the trust. The benefits to the donor include a significant income tax deduction, income for life or a set number of years, no capital gains tax if appreciated assets are used, and potentially reduced estate taxes and probate costs.

Life Insurance

Life insurance is another way to give to Lake Wapogasset Lutheran Bible Camp, particularly if you no longer need the benefits of your life insurance policy. When Lake Wapogasset is named as the beneficiary and assigned ownership, the donor will receive a charitable deduction and may also reduce estate taxes.

Charitable Lead Trusts

This estate planning option has advantages for you and your family in the long term and provides an income stream to Lake Wapogasset Lutheran Bible Camp in the short term. If your assets are expected to appreciate in value, a charitable lead trust is an excellent way to transfer them to your heirs. It is also beneficial if you anticipate substantial estate and gift tax liability.

Real Estate

Another impactful way to provide a gift to Lake Wapogasset is through real estate. This might include your personal residence or vacation home, commercial property, or even vacant land. In the right circumstances, the benefits and possibilities are many.