Supporting LBC
[ Types of Gifts | How to Give ]
Types of Gifts
- Cash Gifts
Cash is the most widely used form of giving. A cash gift can be designated to any one of our funds, e.g. Scholarshare Fund, Capital Campaign, Endowment Fund, etc. Cash gifts can be designated for both unrestricted and restricted purposes.
- Gifts of Securities
Giving securities may be a tax-wise way to help LBC students. Federal tax laws allow a charitable deduction for fair market value of securities based on the date of the gift. Gifts of securities can be designated for both unrestricted and restricted purposes. Begin the process by completing a Power of Securities transfer form.
- Gifts of Real Estate
Gifts of real estate include land (valued at $75,000+) and, generally, whatever is affixed to land, as well as those rights that issue out of land. A gift of real property may be accepted upon consent of the President, the Stewardship/Advancement Office, and general counsel. Real estate gifts can be designated for both unrestricted and restricted purposes. Donors wishing to donate property will be asked to complete a checklist.
- Gifts in Kind
Gifts-in-kind are real property gifts, including jewelry, works of art, collections, equipment, books, and other tangible personal property. Gifts-in-kind can be accepted if they have value over $5,000 and/or can be used to fulfill the mission of LBC. Partners wishing to make gifts-in-kind may be asked to provide a qualified appraisal to establish value.
- Life Insurance Gifts
Gifts of life insurance can enable partners to maximize their giving and, perhaps, make a larger gift than they ever thought possible. Gifts of life insurance can be made in one of two ways. First, a partner can name Lancaster Bible College as primary or secondary beneficiary on their policy (appropriate change of beneficiary forms can be obtained from the donor's insurance company). Second, a partner can make Lancaster Bible College both owner and beneficiary of a life insurance policy on the donor's life. Life insurance gifts can be designated for both unrestricted and restricted purposes. Partners interested in making this type of gift should contact the Stewardship/Advancement Office or The Ambassador Foundation.
- Memorial Gifts
Memorial gifts are those gifts in memory of a loved one. Lancaster Bible College is delighted to honor, via memorial gifts, your cherished loved ones who have demonstrated a Christian walk that is consistent with the Scriptures. Memorial gifts can be designated for both unrestricted and restricted purposes.
- Deferred or Life Estate Gifts
Deferred or life estate gifts are gifts that are considered future gifts to Lancaster Bible College. They may be in the form of life insurance, a will, a trust, or an annuity. These types of gifts are a wonderful and lasting testimony of our partner's desire to continue his/her stewardship interests after death. Contact the The Ambassador Foundation.
- Matching Gifts
Thousands of companies are willing to match their employees', and sometimes their retirees', gifts. This is a tremendous way to maximize your stewardship. To find out if your company matches employee gifts, please check with your Human Resource Department or check the partial list of donors maintained by LBC. A complete listing is found at the Council for Advancement and Support of Education (CASE).
How to Give
- By telephone with a credit card
717.560.8211 or 1.800.544.7335 (ext. 5377)
- By mail with a check or money order
Stewardship, Lancaster Bible College, PO Box 83403, Lancaster, PA 17608-3403. Be sure to mark the check accordingly or enclose a letter of intent if you wish the funds to be restricted to a specific fund (i.e. Scholarshare Fund, Capital Campaign, etc).
- Electronic Fund Transfer (EFT)
EFT allows you to automatically transfer funds from any specified account directly to Lancaster Bible College. Please contact the Stewardship/Advancement Office by calling 717.560.8211 for details on how you can support the ministry of Lancaster Bible College in this way.
- On-line Giving
This method of giving is currently under development.
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