LCEF

Designating a Beneficiary

We are thankful for the prayerful support of people like you that share the LCEF mission. Gifts given directly to LCEF make it possible for us to keep costs low on loans and services, and help LCMS organizations maximize their resources for ministry.

You may designate an individual, a ministry or both to be the benefactor of your LCEF investments after your passing. You may change the designation at any time and split the funds however you wish.

Why designate a beneficiary?

  • Your assets will not have to be held in probate (a lengthy and sometimes costly process in which the courts distribute your assets). Designated beneficiaries receive benefits immediately (without a penalty), potentially avoiding the delay, expense and inconvenience of probate.
  • Your investments will be distributed to the individuals and/or organizations you choose.
  • Beneficiaries have option to continue investment after your death.
  • You may receive state-tax deductions for bequests to qualified charitable organizations. When you designate a tax-exempt organization as a beneficiary (like LCEF), every dollar is passed on to the ministry. Your gift furthers the Lord's work, and the estate-tax deductions save more money for your heirs.

To designate or change existing beneficiaries, you must complete a Beneficiary Designation Form.