NORTH PRAIRIE LUTHERAN CHURCH 

35957 State Hwy 30, Lanesboro, MN 55949

507-875-2339 -- email: nplcpresident@outlook.com

www.unitedlutheran@yahoo.com">www.unitedlutheran@yahoo.com

 

Gift Policy Summary

This document is a brief summary of the full Gift Policy adopted by North Prairie Lutheran Church, intended to offer an overview of how this congregation will handle cash and non-cash gifts offered over and above regular giving. The full policy is available in the office and on the website of this congregation.

 

• The Gift Acceptance Committee of North Prairie Lutheran Church has responsibility for reviewing and making decisions regarding acceptance and use of gifts offered to the congregation, using the guidelines of the current Gift Policy of North Prairie Lutheran Church.

 

• The Gift Acceptance Committee will consider gifts of cash, gifts through beneficiary designation (e.g., bank accounts, annuities, endowments, life insurance policies, etc.), marketable securities, bequests, other non-cash gifts and in-kind donations.

 

• As a general rule, North Prairie Lutheran Church will convert all gifts to cash.

 

• Valuation of non-cash gifts to North Prairie Lutheran Church shall be the responsibility of the donor or the donor’s estate.

 

• Unrestricted gifts with a value of less than $10,000 will be placed in the North Prairie Lutheran Church General Fund.

 

• Recommendations for acceptance and use of unrestricted gifts with a value equal to or greater than $10,000 may be made by the Gift Acceptance Committee (Council President, Council Vice-President and appointed church member) of North Prairie Lutheran Church according to the Gift Policy.

 

• Gifts with specific donor-defined restrictions will be considered on a case-by-case basis by the Gift Acceptance Committee. Donors who choose to restrict the use of a gift to North Prairie Lutheran Church are strongly encouraged to complete a Restriction and Release Form.

 

• Memorial and honorary gifts of any size given to North Prairie Lutheran Church shall be handled according to the Gift Policy, and donor names will be recorded in the congregation’s memorial registry.

 

The Evangelical Lutheran Church in America Foundation, through Regional Gift Planners and support staff, offer gift planning services at no charge to this congregation and their donors. Visit www.elcafoundation.org or call 800-638-3522 to connect with the ELCA Foundation Regional Gift Planner that supports this congregation.

 

Donors are also encouraged to consult with their personal tax advisor, estate attorney and/or financial advisor for specific tax, legal, and investment information. MLC does not provide any tax, legal, or investment advice.