Financial Support
Ways to Give
Lord of Life pays a transaction fee of $0.30 per transaction plus 0.9-2.7% of your donation depending on payment type. There is an option for you to cover the fees as part of your gift, and the full amount including fees is tax-deductible.
If you would like to give to Lord of Life via Cash or Check, you may drop cash off during the week or place it in the offering baskets on Sundays and/or Wednesdays.
Checks can be mailed to:
Lord of Life Lutheran Church
PO Box 685
Brainerd, MN 56401-0685
For all checks meant for the Capital Campaign or another designated fund, please write the fund name in the memo line of the check. To request remittable offering envelopes, contact the church office or mark the “Please send envelopes” option on the pew envelopes in the Sanctuary.
Individuals age 70.5 or older can distribute otherwise taxable IRA amounts up to $100,000 per year directly to Lord of Life. The money given to Lord of Life using a QCD counts toward the donor’s required minimum distribution (RMD), but doesn’t increase the donor’s adjusted gross income or generate a tax bill. Because charitable contributions may not yield a tax benefit for those taxpayers who no longer itemize their deductions, those who are age 70.5 or older and are receiving RMDs from IRAs may save taxes by making annual charitable contributions by way of a QCD from and IRA. Contact your financial advisor or tax advisor for more details.
You can donate appreciated securities – stock, mutual funds, bonds, ADRs (American Depository Receipts), and other ‘property’ – and often times receive a greater tax benefit than you would receive as compared to selling the appreciated securities and then donating cash. Donations of appreciated securities are recorded as a charitable gift at the appreciated amount. Also, by donating appreciated securities you can avoid recording a capital gain in the security (assuming the investment has appreciated and that you have held the asset for more than one year). You should check with a tax professional before initiating any transfer of securities. If you would like to donate securities you can initiate the transfer through your broker and request that the securities be transferred to:
Stifel-Nicolaus Investments
Account Name: Lord of Life Lutheran Church, Baxter MN
Account Number: 6279-5059
DTC #: 0793
Please contact Anne Laechel at 218-828-9374 or anne@lolbaxter.org if you are considering this kind of gift so that we know who to credit to donation to (often the stock arrives with no name attached) and so that we can process your gift in a timely manner. For gifts of securities, please note that it may take four to five business days from the time your broker initiates a stock transfer to Lord of Life until the settlement date when the proceeds are credited to Lord of Life’s account and recognized as a gift
Thrivent Financial provides several ways to bless Lord of Life with a financial contribution. You can make a one-time online personal donation, and Thrivent pays the processing fees. Thrivent members can designate their Choice Dollars to Lord of Life and/or apply for an Action Team grant, which provides $250 in seed money for a fundraiser, educational event or service activity. For more information, visit https://www.thrivent.com/generosity or call Anne Laechel in the church office.
Legacy Gifts
LOL Legacy Members: Building the future one gift at a time
Mission Statement
To ensure the long-term viability of our church through legacy giving in order to build missions and ministries beyond our lifetimes.
Vision Statement
To educate and encourage future giving for the long-term sustainability of our church and to leave a legacy that will make a difference beyond our generation. or accountant.
What is the Legacy Members Group?
The Lord of Life Legacy Members Group is built on the principle of giving, where we have the opportunity to give back to a church that has so greatly touched our lives, so as to make a difference beyond our time with it.
The Lord of Life Legacy Members Group recognizes and lifts up those who have included our church in their will and/or estate plan, helping to ensure the long-term care of the church, its mission and its ministries.
The purpose of a legacy gift is to provide means and sustenance to the church’s long-term viability beyond our lifetime. These gifts will support and sustain the growth of current and future ministries within the church. Whether it’s a recurring donation or a one-time gift from one’s IRA, will, estate, or life insurance policy, legacy gifts mark a milestone in the donor’s life, establishing a legacy in his or her walk of faith and ensuring others have the opportunity to worship for generations to come in this place that has been so important to so many.
If you have already set up contributions to Lord of Life in your estate planning, we want to thank you for your ongoing support of this church we so love! Your gift is critically important in ensuring the long-term sustainability of Lord of Life. If you haven’t yet informed the church of your gift, please fill out the non-binding Letter of Intent for a Future (Legacy) Gift This will also help ensure your gift is directed in ways that are important to you and your family.
How can I learn more about this?
Please consider joining many others in including your church in your estate plan, will, trust, IRA, or life insurance policy.
If you have not yet considered including our church in your will or estate plan, we prayerfully ask that you reflect on this option. Your future gift will make a monumental difference in the life of this church and its work in the world.
Our parent Church, the Evangelical Lutheran Church of America, provides additional information and resources to aid in leaving legacy gifts. For more information, please visit the ELCA Foundation site.
We also encourage you to discuss this possibility and what it could mean for you with your estate planner or accountant.
Ways to Become a Legacy Gifter
Get Connected
The foundation of our worship is sharing the good news of God’s grace and serving a growing relationship with Christ in creative, engaging and inspiring ways.