ZERO debt in 2018
Please make reaching our own children and young adults in the Pacific Northwest a priority in your giving plans. Since 1946 Lake Retreat Camp has been used by God to reach thousands of children and young people for Christ. In 2017 more than 10,000 people heard about Jesus at Lake Retreat Camp and Adelphia Discipleship School.
In 2012 a very generous donation was made to help the camp overcome several state and county issues and to get the camp on its feet. Since that time the camp has moved towards financial sustainability using fees to cover expenses and donor gifts for capital improvements. The camp has operated in the black since the 2012 reorganization took place.
Now in an effort to completely eliminate Lake Retreat Bible Camp’s long-term debt and free up additional funds for ministry, a matching fund has been established. The goal is to raise enough to pay off all of the camp’s debt in 2018! For every dollar raised it will be matched! What a great way to leverage your giving.
Giving Cash Is Not Your Only Option
Perhaps the most overlooked opportunity for charitable giving is Gifts of Assets. Most people focus on doing their giving "from their checkbook", which is fine but often limits the impact we can make and doesn’t offer the powerful tax benefits available when giving out of our assets.
The average American has about 9% of their net worth in cash and 91% in assets. For most of us, these assets can be found in our home equity, life insurance or our IRAs. For other families, this might also include a family business, rental properties, land, rare artwork and so on.
Considering a gift using assets can typically reduce or eliminate Long Term Capital Gains Tax while also providing a current tax deduction. Additionally, gifting some non-income-generating assets to a charitable trust can increase your retirement income and provide a significant future gift to charity.