A Financial Armageddon
In the last few years we have watched our economy first, convulse, then
contract and, finally, collapse.
A financial downturn, unvisited upon this nation since
Depression days, resonated loudly across all sectors, as the economic freight train ground to a
screeching halt.
The disposable income that many people gave willingly,
and so generously, to their churches was to quote Edgar Allen
Poe...NEVERMORE!
Stock portfolios, real estate and banking instruments
that were, essentially, the three-legged financial stool of the older group that are the main
support of churches, were just about cut in half.
While many people still had the intent to be charitable,
they did not have the asets.
They now had two decisions to make:
-
" Will my charitable giving impact the retirement
that I planned, now that the economy has reversed? "
-
" Will my desire to be charitable towards my church
detract from the inheritance earmarked for my children? "
Many people, in pondering these questions, were paralyzed
into inaction, simply. because they could not be assured of the future value of their
assets.
But chuch members will resurrect their charitable intent
and increase it beyond its former levels, if they only knew that they could sustain their
church AND pass a tax free inheritance to their heirs that is even greater than what they
earmarked for their church.
Furthermore, they can accomplsih thsi with the same
assets. Yes, we have a strategy for a member to give their money away TWICE!
Once to their church and once to their family!