Thrivent Funds


Over the past five years eligible Thrivent members have designated over $12,000 ($10,273 COS and $1780 to Endowment Fund) by taking advantage of Thrivent Choice. This is another way in which Thrivent, a 501(c)9 Fraternal Organization, distributes its profits to member activities.

The funds are generated from qualifying insurance premiums and/or annuities held by its members. If you receive notices re: Thrivent Choice opportunities, please review and consider directing funds to COS or the COS Endowment Fund, If you are not a Thrivent member and would like to learn more you can go to www.thrivent.com or call Mark Gluckner, (866.614.4839) our local representative, who will provide personal information for you. 


THRIVENT CHOICE DOLLARS:   Those of you who are Thrivent members probably know you have the opportunity to designate a certain amount of money from Thrivent to a variety of charities/ministries. Two of those choices involve Christ Our Savior. You can designate funds to the Christ Our Savior Endowment Fund and/or you can designate funds to Christ Our Savior Church. For the past few years, the Thrivent Choice Dollars that have been designated to our church have been sent to Bridge City Community Urban Mission. We would like to inform you that the 2016 Thrivent Choice Dollars will also be given to Bridge City Community. The Thrivent Choice Dollars that are designated for the Christ Our Savior Endowment Fund go into the endowment fund and then help support the ministry grant/awards they give out each year. Deadline for directing 2015 Choice Dollars is March 30. A big "thank you" to all who have sent Thrivent Choice dollars our way.

 


Lutheran Church Extension Fund-Shared Blessings


Shared blessings is a wonderful partnership in the Gospel between our congregation, its members and the LCEF. Our members benefit as investor partners in the ministry of church extension. Because of this partnership, we have received three Shared Blessings rebate checks on the following dates: Feb. 9, 2015 $6,622, Aug. 4, 2015 $4,040 and Aug. 1, 2016 $7,740, for a total of $18,402. Thank you to our current investors for continued support of the LCEF Mission through their many investment opportunities. Please prayerfully consider joining our current investors in the LCEF to help other congregations, schools, pastors and church workers. rate. 


**Saving money with LCEF helps others learn about Jesus

You know it’s important to teach a child to give thanks for God’s many blessings and use them wisely to serve Him. When you help a child save for the future through the LCEF Young Investors (Y.I.) Club, you are teaching them the value of sharing, saving and spending money and at the same time those $$$ can help someone else learn about Jesus. Your child’s investment will empower ministry! With an investment of just $25 in a Y.I. Steward Account®, your child becomes a Y.I. Club member! For more info call either the Church Office or the LCEF at 1-800-THE-LCEF.

 

 


Christ Our Savior Endowment Fund


If you have had a Financial Plan in place for five or more years perhaps you may want to review the plan with your Tax Advisor and remember the Endowment fund in your planning. Or you might consider the Tax advantages of a gifting stock which has gained in value this year; you can deduct the value of the stock as a charitable gift and avoid the income tax. (Please be sure to have the stock sent to the Fund and do not cash it in.)

Alternately consider a gift of life insurance or other assets to your COS Endowment Fund. This fund will intentionally keep its principle intact, and as it grows will utilize its net income for future ministries which God presents to the COS family of faith.


Now you can support our Endowment Fund While you Shop on Amazon!

If you already have an account with Amazon, you can sign in immediately at www.smile.amazon.com and choose COS Endowment as your designated charity.  Then sign in with your usual access to the Amazon website, and make your purchase, and .5% of your purchase (at no cost to you) will go to the Endowment Fund.  If you are new to Amazon shopping, you will need to register by submitting an e-mail address and creating a password to get into www.smile.amazon.com, and then sign in to www.amazon.com with your unique sign-on and password to initiate a purchase.

Life insurance
Life Insurance contracts offer a way to benefit the long term COS mission at a relatively low cost for the donor but with high leverage potential. In order to deduct premium payments as charitable deductions, the donor must name the charity as both owner and irrevocable beneficiary of the policy. Specific plans for the continuation of premium payments, if any, should be discussed with the charitable owner as part of assigned gift arrangements.
An estate leveraging technique and alternate means of using life insurance is the wealth-replacement option. A donor makes a gift to the COS Endowment Fund and then, using the tax savings produced by the charitable deduction from that gift, purchases and pays the premi-ums on a life insurance policy which has proceeds roughly equivalent to the value of the con-tributed assets. Thus, the assets used to MAKE the gift are, in effectively, “replaced” with in-surance, typically without incurring taxation on distribution.
Key Points:
Opportunity to make a substantial gift that may not have been possible in your lifetime or with your resources
Potential to provide life income for a beneficiary as well as support for our mission
Potential to reduce income and/or estate taxes


 


Electronic Giving!


 Contributions can now be debited automatically from your checking or savings account. Our electronic giving program offers convenience for you and much-needed donation consistency for our congregation. Authorization forms are available from the church office. Please place completed forms in a sealed envelope, address to Financial Secretary, and return to the church office.


Tax Tips for Charitable Contributions


Gifts of Appreciated Securities: If you are claiming itemized deductions and have stocks or bonds that have appreciated in value, you can get a double tax benefit by making a charitable donation of these securities. The full value of the securities (up to 30% of Adjusted Gross Income) will qualify for a charitable deduction, and the gain that would be recognized if the securities are sold is not taxed.
“Qualified Charitable Distributions” for RMDs: If you are over 70 ½ , have a traditional IRA or other retirement accounts, and are required to make “minimum distributions” (RMDs) each year, a direct transfer from the trustee of your retirement account to a qualified charity up to $100,000/year (called a “qualified charitable distribution” or QCD) may be excluded from taxable income. This permits taxpayers with RMDs who claim the standard deduction to get a tax benefit comparable to those who itemize. QCDs may also be beneficial for those who itemize, since the reduction in Adjusted Gross Income may avoid higher Medicare premiums, higher taxation of Social Security benefits, and “scale backs” that apply to medical and other itemized deductions.
Consult your tax advisor or a member of the COS Endowment Committee for additional information, and please remember Christ Our Savior, as well as its Endowment Fund, as you consider year-end tax planning opportunities.



Scrip Program


The COS Endowment Fund has started a Fund Raising Program called SCRIP. You buy retail gift cards to pay for everyday purchases, like gas and groceries, instead of credit or debit cards, cash, or checks.

These SCRIP gift cards are the same gift cards you can purchase from the retailer.
(1) You order the face value for the gift cards through the Endowment Fund Team, and pay for them with a check to the Endowment Fund.
(2) The TEAM purchases the cards for a lesser amount based on a rebate (ranging from 1.5% to 10+%). The difference between face value and the amount which the Fund pays is credited to the Fund.
(3) The TEAM buys the cards and has them available for you within 4 - 5 days.

With over 700 of your favorite retailers including grocery, department stores, gas stations, restaurants, hotels, and home improvement suppliers. These gift cards can be used for Birthdays, Holidays, Confirmations and Graduation gifts to friends, children and grandchildren. Don’t know what to buy for them—give them a GIFT CARD and let them choose their own gift! Or - After church you usually stop for groceries.
Checkout, www.shopwithscrip.com. Find Food Lion, Walmart, Sam's Club, Meijer and many more.
Suggest that friends and neighbors buy SCRIP CARDS also!
Please watch for further information.

SCRIP PROGRAM UPDATE
Thank you to all who have embraced this new program, it just keeps building! With over 700 retail locations some folks are buying cards to use here, and some are finding cards for retailers where friends or relatives live, and are sending the Gift Cards out of the area.
During October we will certainly see lots of reminders of the coming holidays of Halloween, Thanksgiving & Christmas. Check out www.shopwithscrip.com and get ready to get your holiday shopping done early by ordering Gift Cards!!
In October we will have two buying days, Oct. 8 & Oct. 22. The team has been getting the cards back in 4/5 days and usually has them available by Friday afternoon of the buy-week. BUT, weather and other issues could create delays, so order early and let us provide you with your gift planning ideas in time for those special occasions, e.g., birthdays and anniversaries!
The rebates for these cards go directly to the COS Endowment Fund. This is a special ministry which will never spend principle but continues to maximize returns of its principle funds so that we are able to support new ministries which the Lord will lead us to in the future. If you have over-and-above funds to give in gratitude for blessings received, direct gifts to the Endowment fund are al-ways welcome and appreciated!



Check out the Brand list here!