Creative giving tools

Provided through Everence Charitable Services

Your generosity will help The Lighthouse in its mission to support families by walking alongside the children in our southeast Canton community. We offer safe, high-quality, and holistic opportunities to assist youth in understanding their God-given giftedness and potential for impacting the world around them.

Among the benefits, gift plans offer a way to increase your impact, carry out your charitable wishes, and receive possible tax advantages. 

What can you give?

Cash is a common gift, but you can also donate many other assets, sometimes with significant tax advantages. These can include stocks, bonds, mutual funds, real estate, farm commodities, life insurance, IRAs and other retirement accounts, coins, toys, stamps and other collections. 

What gifts help now?

Donor advised funds

You may donate cash or other assets (see above) to you own personal donor advised fund. The asset is usually sold and the money is then available for distribution to Lighthouse Ministries at any time you wish. This tool is particularly advantageous for appreciated assets. 

Family endowments

Individuals can give assets, including bequests, to establish a donor advised fund in your family name. It is an alternative to a private foundation. The family decides together about annual charitable distributions, and as a result, establishes a legacy of giving. 

Charitable lead trusts

This arrangement provides current income from your gifted assets to Lighthouse Ministries for a period of time but returns to assets to you or your heirs. 

What gifts help later?

Charitable bequest plans

Indicate in your will, or by beneficiary designation, that a portion of your assets should be left as a bequest to Lighthouse Ministries. A bequest may simplify your estate and reduce estate and inheritance taxes. 

Life insurance 

Give an existing policy or apply for a new one, of which Everence Foundation is both owner and beneficiary. Annual premiums can be paid through your donor advised fund and Lighthouse Ministries will receive the life insurance proceeds upon your death. 

Retained life interest

You give your home or farm while continuing to live on the property for your lifetime. You receive an immediate tax deduction, and the property is sold at your passing, with the proceeds distributed according to your charitable recommendations.

What gifts give back to you?

Gift annuities 

You may give cash or securities and in return, you receive guaranteed lifetime annuity payments at a fixed rate. At the end of your lifetime, the remainder goes to Lighthouse Ministries. Immediate or differed annuities are available. 

Charitable remainder trusts

A gift of real estate or securities is received into a trust, converted to cash and invested. You receive income from the trust, and the remainder goes to Lighthouse Ministries after you pass away.