Thank you for supporting the ministries of NorthRidge!
NorthRidge has developed a way for you to consider "legacy giving" through our Estate Planning Ministry. Designed to help you think through how to provide for your family through your estate, this ministry helps you avoid probate, minimize taxes, and support ministries close to your heart. More importantly, it provides a biblical understanding of stewardship and how biblical principles can influence your estate planning decisions. Learn more.
LIFE INSURANCE BENEFICIARY
A current life insurance policy can be transferred to NorthRidge, for which you receive an immediate income tax deduction for the cash surrender value. NorthRidge may elect one of two options: cash in the policy for immediate ministry needs, or keep it and utilize the death benefit later or you can simply name NorthRidge as a beneficiary of your policy.
If you have planned in advance to give a gift as part of your overall personal financial strategy (retirement assets, bequests, trusts, etc.), we recommend that you discuss your decision with your tax and/or financial advisor. There are several types of gifts that may fall under this category, many of which are very simple to make and do not require any formal communication to us. These include:
Retirement Assets - Name NorthRidge as a beneficiary of your IRA, 401(k) or other qualified retirement plan. Any amounts left in your plan will transfer to NorthRidge free of income and estate tax.
Bequests - You can name NorthRidge in your will as a beneficiary, and your estate will receive an income tax deduction for the value of your bequest. A bequest written in a will can be made for either a percentage or an amount.
Other types of planned giving include gifts that may be more long-term in nature. For example:
Charity Gift Annuity - Cash or marketable securities are transferred to a charitable organization in exchange for a current income tax deduction and the organization's promise to make fixed annual payments to you for life.
Charity Lead Trust - Cash or marketable securities are transferred to a trust, which makes fixed payments to the charitable organization over a specified period of time, then transfers the remaining assets to your heirs. If you are interested in any of these ways to give, please Email Us.
Employer sponsored donations - Many companies enjoy giving matching donations to organizations that their employees support financially. Check with your employer and make your gift go further!