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Advancement
Advancement Home | Giving to Life Christian | Annual Fund | Dreams Auction |
Pierce Commmercial Golf Classic | Life Christian Education Foundation |
Endowment Funds
| Major Partners

 

Mission Statement
Life Christian provides a Christ-centered environment of academic excellence, where staff work in partnership with families, to develop students who will know and serve the Lord Jesus Christ with all their heart, mind and strength.

Life Christian Programs That Need Endowments

  • Faculty Salaries
  • Technology
  • Science
  • Athletics
  • Fine Arts/Music
  • Facility Maintenance

 


What is the Life Christian Education Foundation?
The Foundation is a 501©3 non-profit organization formed to provide a perpetual source of revenue that supports Life Christian.

What is the purpose of the Life Christian Education Foundation?
The specific purpose of the corporation is to provide funds and promote the educational process at Life Christian. The funds will enhance educational programs, provide scholarships and tuition assistance to students with a financial need, enhance faculty salaries, provide capital maintenance funds, and future funding opportunities.

Who are these Foundation Board Members?
Pursuant to the Articles and By-Laws, the Board is composed of from five to eleven members, who are "of good report, sound Christian character and possess good business judgment", and are dedicated to the furtherance and success of Life Christian.

What are Endowment Funds?
Endowment funds are designed to accept bequests (testamentary gifts made through a donor's will), memorial gifts, and gifts of cash or other tangible property.
Endowment funds have been established so the fair market value of the donor's gift will remain intact and permanently appropriated to the fund. The resources given are invested in securities so the school uses only the income the endowed funds generate.

What type of development will the Foundation be conducting?
The Foundation Board will concentrate on the soliciting of funds through donor gifts to include Charitable Trusts, Lifetime Trusts, Testamentary Trusts, fundraising drives, specific purpose endowments and through appropriate investment of available funds. There is no restriction on the type of fund raising activities the Foundation may conduct.

What are the advantages of giving to the Life Christian Education Foundation?
All donations and gifts are tax deductible. Additionally, certain gifts such as charitable remainder trusts, which designate the Foundation as the lifetime recipient of income or as the beneficiary of the Trust, provide excellent tax deduction benefits. When such a Trust is created, the donor protects the assets from capital gains tax, provides a sizable income tax deduction in the year of creation and provides for potential Estate tax deduction. Gifts of cash, stocks, real estate and personal property of value, all qualify for tax deductions.
An important advantage is that the Foundation has an attorney who will prepare your Estate Plan to include Wills, Trusts, Powers of Attorney, Community Property Agreements, Charitable Trusts and Living Wills. The services are free and in addition to supporting the kids, you can accomplish a task which all of us need for the protection of our families.

How can we give to or establish an endowment?
A gift to the endowment fund may be in cash as a current gift, or a planned/deferred gift. Property other than cash, such as stocks, mutual funds, real estate, and other assets, may help you make gifts at a lower cost with significant personal savings and donor benefits. When you give appreciated property, you receive a deduction based on the full value of the asset, while you also avoid capital gains tax (as high as 28%) that would have been due if you sold it.

What are the existing endowments and what are their purposes?
Buntain Endowment………..Tuition Assistance
Sonja Korum LIFE Program Endowment.…L.I.F.E. Program
Larkin Endowment……….....Tuition Assistance
Hultgren Endowment……….Scholarship Awards
Gray Endowment…………...Scholarship Awards
Bond Endowment…………...Scholarship Awards
Jordan Endowments.………..College Scholarship Awards
Schuler Family Endowment....Scholarship Awards
Lara Reynolds Endowment….Scholarship Awards
You may contribute to any of the existing endowments or you may contribute assets to an endowment in a name you may choose (Endowments in excess of $25,000.00).


How can one give to the Foundation?
Cash gifts
Stocks and Investment programs
Giving through your will.

Giving through:
Revocable Living Trusts
Charitable Trusts
Lifetime Trusts
Testamentary Trusts
Gift Annuities
Giving through life insurance.
Giving through retirement plans.

How are funds managed and invested?
Strategic Capital Group is an investment manager for the Life Christian Education Foundation. It is an outstanding investment advisory firm located in Gig Harbor, Washington. They are associated with Russell Investments, one of the world's largest and most successful retirement fund organizations. We are fortunate to be associated with these fine organizations.