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Cash

One of the easiest and most common ways for you to support Lancaster Mennonite School is with a gift of cash. Cash can be used to support our work in the form of:

An outright gift. By making a cash gift by check, credit card or money order today, you enable us to meet our most urgent needs and carry out our mission on a daily basis. You will have the opportunity to see your generosity in action and will also receive an immediate federal income tax charitable deduction, when you itemize.

A payable on death (POD) account. A POD bank account or certificate of deposit names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account.

A gift in your will or living trust. Through a gift in your will or living trust, you can support LMS-Endowment with a specific amount of money or a percentage of your total estate. This type of gift allows you the flexibility to change your mind at anytime and your estate will benefit from a federal estate tax charitable deduction for the amount of the gift.

A charitable gift annuity. One of the most common ways to fund this gift that supports LMS-Endowment and provides you and/or a loved one with fixed payments for life is with cash in the form of a check. A charitable gift annuity typically works well for those 60 and older.

A charitable remainder trust. Cash is the easiest and least complicated way to fund a charitable remainder trust. Oftentimes, it can provide the necessary liquidity to provide for payments to the income beneficiary when the trust is funded with hard to sell assets.

A charitable lead trust. You may always use cash to fund a lead trust. Oftentimes, lead trusts are funded with cash in addition to stock or real estate.

A donor advised fund. A gift of cash through check or credit card is one of the easiest ways to contribute to a donor advised fund. Your federal income tax charitable deduction is equal to the amount of your cash contribution.

Memorial and tribute gifts. If you have a friend or family member whose life has been touched by LMS-Endowment, consider making a gift to us in his or her name.

An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of LMS-Endowment will last forever.

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Submit a few details and see how a charitable gift annuity can benefit you.

See My Benefits

  1. Contact Heidi Stoltzfus at (717) 509-4459 ext. 308 or stoltzfushe@lancastermennonite.org for additional information on giving a gift of cash.
  2. Seek the advice of your financial or legal advisor.
  3. If you include LMS-Endowment in your plans, please use our legal name and Federal Tax ID.

Legal Name: Lancaster Mennonite School
Address 2176 Lincoln Highway E, Lancaster, PA 17602
Federal Tax ID Number: 23-6393950

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Advancement Office

  • Heidi Stoltzfus

    Director of Advancement (717) 509-4459 ext. 308
    Email
  • Mackenzie King

    Annual Giving Officer (717) 509-4459 ext. 709
    Email
  • John Denlinger

    Advancement Associate (717)509-4459 ext. 706
    Email
  • Keri Bloom

    Administrative Assistant for Advancement (717) 509-4459 ext. 701
    Email
Copyright by Lancaster Mennonite School. All rights reserved.

A charitable bequest is one or two sentences in your will or living trust that leave to Lancaster Mennonite School a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Lancaster Mennonite School [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to LMS-Endowment or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to LMS-Endowment as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to LMS-Endowment as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and LMS-Endowment where you agree to make a gift to LMS-Endowment and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.