Lifewater Legacy Society
Make a gift that will last for generations.
“The resources God has given us will continue to work for His Kingdom.”
— Jeff and Sharon, California
Create a Lasting Legacy
Store up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. – Matthew 6:20
Join the Lifewater Legacy Society! Legacy Society Members provide children in need with clean water, improved health, and the love of Christ for years to come. As part of the society, Lifewater recognizes you as a committed donor who has planned to leave a gift in their will (or other legacy gift) to Lifewater’s global ministry.
Why Become a Member?
Legacy gifts to Lifewater bring life-saving safe water and the good news of Jesus to those in need. And those gifts multiply, helping children receive an education and parents operate businesses. Plus, a planned gift has additional benefits, including:
- Tax savings
- Providing extra income to loved ones
- Allows for increased giving capacity
- Opportunities for memorial gifts
If you have already included Lifewater in your will/estate plan or would like to learn more about the Legacy Society, please fill out this short form today and a representative will contact you with more information. Thank you for making a lasting impact for the Kingdom!
Smarter Ways to Give
Planned gifts offer you smart and powerful ways to increase the impact of your gifts to Lifewater—often while benefiting your family, too.
By understanding the available options, you can multiply the end results of your generosity in ways that are simple, flexible, cost-effective, and extraordinarily powerful.
Types of Planned Gifts
- Gifts in a Will
- Giving Stock, Real Estate or Other Assets
- Gifts From Your IRA
- Gifts That Pay You Income
- Donor-Advised Fund
Lifewater partners with Barnabas Foundation to offer our supporters complimentary planning services and assistance with complex gifts. Since 1976, Barnabas Foundation has helped thousands of individuals and families give more effectively to the ministries close to their hearts.
GIFTS IN A WILL
When you give a gift (also known as a “bequest”) to Lifewater in your will, you model to your loved ones a legacy of generosity. You also help ensure that Lifewater will continue to make Kingdom impact well beyond your lifetime.
To learn more about making a gift through your will or other smart and powerful giving options, contact a representative today.
GIVING STOCK, REAL ESTATE, OR OTHER ASSETS
You can increase your potential impact—and experience significant tax savings—by giving non-cash assets such as:
- Stock or marketable securities
- Real estate
- Business interests
- Farm commodities
- Life insurance
- Retirement benefits
Use this form to contribute publicly-traded securities to Barnabas Foundation and have the proceeds from the sale forwarded to Lifewater International. To learn more about giving non-cash assets, contact a representative today.
GIFTS FROM YOUR IRA
If you are 70 ½ or older, you can make a sizable gift from an individual retirement account (IRA) to Lifewater AND reduce your taxable income.
Requirements of a Qualified Charitable Distribution: You can give from your IRA to a ministry without any federal tax liability, as long as the gifts are qualified charitable distributions (QCDs). Distributions qualify for all or part of your required minimum distribution (RMD).
To learn more about requirements and benefits, contact a representative today.
GIFTS THAT PAY YOU INCOME
Lifetime income gifts—such as charitable gift annuities and charitable remainder trusts—are wonderful solutions for those who wish to give to Lifewater in a substantial way, but are concerned about having enough retirement income. You can give cash or other property and receive steady income for the rest of your life (or a designated number of years). The remainder will benefit Lifewater.
How much will your payments be? The answer depends on a number of factors, including your age and the type of lifetime income agreement you choose. Use these free online giving calculators from Barnabas Foundation to calculate your potential income.
To learn more about gifts that pay you income, contact a representative today.
Donor-advised funds provide you with a simple, flexible and tax-efficient giving opportunity. Receive an immediate tax deduction when you deposit cash or proceeds from appreciated assets into a single charitable giving account. Then, recommend grants be made to Lifewater and your other favorite charities at a time that works best for you.
Through Lifewater’s membership with Barnabas Foundation, you have complimentary access to the Stewards Fund, a donor-advised fund that reflects your biblical values.
To learn more about setting up a donor-advised fund, contact a representative today.
The Lifewater Legacy Society
Lifewater Legacy Society Members create change that lasts for generations. Their membership is a powerful statement about their values and legacy of generosity.
We are grateful for the vision, faithfulness, and partnership of the members below. Together, they will bring clean water, improved health, and the love of Christ to many in need.
Jim and Gail Holtman
Evan and Ann Wride
Jeff and Sharon Bjorck
Chris Valentino and Merilee Rossi
(15+ anonymous members)
Gifts in a Will
I’d like to include a gift to Lifewater in my will. What language do I need to give my lawyer?
Thank you for considering a gift to Lifewater in your will! By doing so, you will model to your loved ones a steadfast commitment to financial stewardship, charitable giving and building God’s Kingdom.
By using the following language in your will, you ensure that Lifewater continues to provide water, health, and hope to vulnerable families well beyond your lifetime.
I give to Lifewater, a nonprofit ministry with its principal offices located at [ADDRESS, CITY, STATE] [the sum of $____] OR [____% of the residue of my estate], to be used [for its general purposes] OR [designated purpose]. If, in its opinion, the need for funds for the designated purpose no longer exists, Lifewater is authorized to use these funds for a similar purpose.
Take the next step in putting a plan in place today by requesting “How to Give to Lifewater in Your Will.” Contact [NAME] today at [PHONE] or [EMAIL].
I’m considering naming Lifewater as a beneficiary of my IRA. How do I do this?
Thank you for considering a gift to Lifewater as a beneficiary of your IRA! This is a significant way to support this important mission and to extend the impact of your giving, well beyond your lifetime!
To gift your retirement assets, simply contact your plan’s administrator and file the appropriate beneficiary designation form(s). Use this contact where needed:
Legal Name: Lifewater International
Address: PO Box 3131, San Luis Obispo, CA 93403
Tax ID Number: 95-3987142
What are some considerations I should keep in mind as I’m choosing a legal guardian for my minor child(ren)?
While no one could possibly care for your children like you, it’s crucial you choose a trustworthy guardian to provide for your children’s long-term spiritual, emotional and physical needs in the unlikely event you cannot.
As you move through this difficult process, here are a few questions about potential candidates to guide your thoughts and conversations.
- Do they share your Christian faith? Do their decisions and behaviors reflect an authentic commitment to living a Christ-centered life?
- Do they foster an atmosphere within their home where your child(ren) will thrive?
- Are they committed to the responsibility of raising your child(ren) to adulthood?
While many choose to select a guardian from their immediate family, others select a close friend who is a better fit because of their values, lifestyle or circumstances. The most important thing is to choose someone – regardless of their relation to you – who will provide your child(dren) a safe, healthy, faith-filled environment where they can grow into their full, God-given potential.
We want to be fair when dividing our estate, but one of our kids needs more help than the others. How should we approach this?
Dividing an estate among children is a complex issue – and there is no one-size-fits-all solution. An estate plan based on equality often leads to results that are not helpful, and in some cases, does more harm than good.
We recommend you walk through this decision with a trusted advisor to help you find a solution that “fits” your circumstances and goals. They will help you answer questions like…
- How can we structure our estate plan to support our children’s needs and encourage their personal growth?
- Should each of our children receive their inheritance in a lump sum, or would they benefit from an annual income stream instead?
- Who is best suited to become the next steward of our God-given resources?
Through Lifewater’s partnership with Barnabas Foundation, you can have a complimentary, confidential conversation with a trusted planner who shares your Christian values.
Who should I name as my personal representative in my estate plan?
A personal representative (also known as an “executor”) is the person you’ve named in your will to carry out your instructions. They may also…
- Collect and maintain property until your estate is settled,
- Take care of final expenses, such as paying off debt, utility bills or taxes (funded by your estate), AND
- Make court appearances on behalf of your estate.
Almost anyone over the age of 18 can serve as a personal representative, but common choices include spouses, siblings and children. The most important qualities in this person are integrity, financial knowledge, dependability, available time and the ability to communicate effectively with those impacted by your estate.
Can I give a gift to Lifewater from my IRA?
Absolutely! If you are 70 ½ or order, gifts from your IRA are smart, tax-wise ways you can support the mission of Lifewater! Not only do these gifts satisfy your required minimum distribution, but they also reduce your taxable income.
What are the benefits to giving stock, real estate or other non-cash assets to Lifewater?
By giving non-cash assets, you can…
- Receive a fair market value deduction at the time of your gift and avoid tax liability on the sale of appreciated assets.
- Give assets you no longer need or want to manage (such as rental properties or vacation homes) for the benefit of ministry.
- Give from your excess resources without restricting cash flow.
- Eliminate potential taxes or complications for your heirs by giving complex or burdensome assets to ministry in the here and now.
What’s my deadline for making an end-of-year IRA gift to Lifewater?
There are a couple things to consider when making an end-of-year IRA gift to Lifewater.
- If your gift is coming directly from your IRA administrator, you must complete your paperwork in time for your administrator to send a check to Lifewater on or before December 31.
- If you have been given an IRA checkbook, your check must be received AND PROCESSED by December 31 in order for it to count toward your required minimum distribution. It is NOT enough that personal IRA checks are postmarked or even hand-delivered by December 31.
Bottom line, allow extra time at the end of the year to ensure your IRA gift is mailed, received and processed well before December 31.
Furthermore, since IRA checks do not include your name and look very similar to standard bank checks (which have different guidelines), it’s a good idea to alert Lifewater when giving in this manner.
I’d like to make a gift of real estate to Lifewater. Is there anything I should consider before doing so?
Whether you are wanting to sell a vacation home, farm or rental property, giving real estate holds significant benefits for you AND God’s Kingdom. However, there are a few things you should consider when giving real estate:
- A qualified appraisal of the property by a professional is required to claim your charitable deduction on your tax return.
- The property must be given before signing any legally-binding obligation to sell.
- It is best that the property is debt-free and marketable.
How can I determine what is the most tax-efficient way for me to give to Lifewater?
Through Lifewater’s partnership with Barnabas Foundation, you have complimentary access to trusted planning support, all from a Christian perspective. A planner will answer your questions with clear, easy-to-understand information so you can identify the best giving solutions to achieve your personal and charitable goals.
Life Income Gifts
What is a lifetime income gift and what are the benefits?
Lifetime income gifts are wonderful solutions for Christians who wish to give in a substantial way, but are concerned about retirement income. You can gift cash or other property, and receive steady income for the rest of your life (or designated number of years). The remainder will go to benefit the important mission of Lifewater.
Key benefits of a lifetime income gift:
- Secure payments for life
- Give assets you no longer need or care to manage (such as rental property or vacation homes) to benefit God’s Kingdom
- Receive an income tax deduction at the time of your gift
- Reduce capital gains tax when funding your gift with appreciated assets
Through Lifewater’s partnership with Barnabas Foundation you have complimentary access to trusted planning support from a Christian perspective. A Barnabas Foundation planner will help determine the best giving option for you.
I want to give more to ministry, but I’m concerned about retirement income. Is there a giving solution for me?
Life income gifts are wonderful solutions for Christians who wish to give in a substantial way, but are concerned about having enough to meet their family’s needs. You can give cash or other property, and receive steady income for the rest of your life (or a designated number of years). The remainder will go to support the important mission of Lifewater.
How much income will I receive from a charitable gift annuity?
Your income from a charitable gift annuity (CGA) depends on your age and the original gift amount. Each year (or quarter) you’ll receive a percentage of your original gift. The older you are when you begin the gift annuity, the higher the percentage – and the bigger the payment!
For example, if you’re a single 70-year-old, you’ll receive a payment rate of 5.1% of your gift for the rest of your life. The rate for a single 80-year-old is currently 6.9%. These examples follow the recommended rates set by the American Council on Gift Annuities.*
*Rates as of January 1, 2020. Subject to change.
How secure is my gift annuity?
A charitable gift annuity is as secure as the organization that secures it. Lifewater partners with Barnabas Foundation for issuing and overseeing charitable gift annuities. When you establish a gift annuity through Barnabas Foundation, you can have confidence knowing your annuity is administered by – and backed by the assets of – a trusted, well-established organization that has been helping Christians accomplish their charitable goals since 1976.
How does a charitable remainder trust (CRT) work?
Charitable remainder trusts are powerful, tax-wise gifts that enable you to support Lifewater while securing lifetime payments for you and your loved ones. It’s as easy as 1, 2, 3!
- Create a CRT and make a gift to it. Contributions may include cash, publicly traded securities, some types of closely held stock, real estate and other non-cash assets.
- Receive ongoing payments for one or more individuals, including yourself.
- Remaining assets are distributed to Lifewater upon termination of the trust.