We Are Fueled by Gratitude.
We know you will find your own unique ways to contribute to the life of the church—donations of time, talent, goods, and funds all are needed to support the church’s many programs.
The following are some of the ways you can fiscally support Lake Street Church:
Unrestricted Gifts – These gifts have the most impact because they can be used immediately to address the church’s most urgent needs and provide the General Board the greatest flexibility in investing and planning for the future.
Temporarily Restricted Gifts – These gifts have explicit donor restrictions defining their use and expenditure. An example would be paying for an urgent maintenance project or enhancement that falls outside the current operating budget. The church could fund such an emergency project from the reserves or by approaching the congregation to cover the expense.
Endowment / Permanently Restricted Gifts – An endowment is a permanent asset of Lake Street Church that is invested to earn capital appreciation and is established in accordance with the Lake Street Church Investment Policy. The money to build the endowment can come from many sources including bequests and outright gifts. An Endowment Fund may be started with a minimum of $10,000 and, if restricted, must be approved by the Board of Lake Street Church prior to acceptance. As the majority of endowments are created to maintain perpetuity, the church limits the payouts in order to have a continual, permanent stream of money.
Annual Pledge – An annual pledge drive is conducted in the fall of each year and is very instrumental in the creation of the following fiscal year’s budget. All members and long-term friends are asked to pledge.
Cash – An easy and welcome way to make a current or future gift.
Publicly traded stocks and bonds – Publicly traded securities such as stocks, bonds or mutual funds are a quick and easy way to make a gift to Lake Street Church. When those securities have long-term appreciation, your gift has two tax benefits: a current charitable income tax deduction for the market value of the gift and avoidance of capital gain on the appreciation.
Charitable lead trusts – This is an irrevocable trust (or annuity) that pays an income stream to Lake Street Church for a specified period of time and distributes the remaining trust assets to the creator or others.
Memorial / Tribute Gifts – These are meaningful ways to remember or honor a loved one, often given to commemorate a birthday, anniversary, holiday or other significant occasion.
Matching gifts – Many employers sponsor matching gift programs and match any tax-deductible charitable contributions made by their employees. If your employer has such a program, request a matching-gift form from your Human Resources Department and do what the company requires from you. Lake Street Church will do the rest. The impact of your gift to the church may be doubled or possibly tripled! Some companies also match gifts made by retirees and/or spouses.
Making a planned gift is not just for those who have wealth or special financial expertise but for anyone with a generous spirit who wants to offer a gift during his or her lifetime. Members and friends of Lake Street Church share a deep sense of gratitude for those who have gone before us, whose gifts have funded current needs and continue to provide long-term benefits.
Bequests – One of the simplest and most effective ways to make a gift to Lake Street Church is to create a bequest as part of a will. A bequest allows the donor to maintain control and use of the assets during his or her lifetime and it is flexible. The bequest can be structured as a specific dollar amount, a percentage of the estate assets (or a percentage of the assets remaining after payment of other bequests and expenses), a specific asset, or even a gift effective only if the donor has no other beneficiaries. Estate planning professionals can help design gifts to meet personal and charitable goals.
Charitable remainder trusts – This is an irrevocable trust that pays the donor or one or more individuals the donor selects an income stream for life or a term of years. At the end of the trust term, the remaining assets are paid to Lake Street Church.
Retirement plan beneficiary designations – Naming Lake Street Church as the beneficiary of all or a portion of retirement assets such as an IRA, 401k, 403b, pension or other tax-deferred plan, is an excellent way to make a gift. It avoids both taxes of retirement assets payable at death – income tax and estate tax. The church benefits from the full value of the gift and the estate benefits from an estate tax charitable deduction. Make sure you talk with your estate-planning professional before changing your beneficiary designation to ensure the best result.
Retirement assets may be transferred to Lake Street Church by completing a beneficiary designation form provided by your plan custodian.
Life insurance beneficiary designations – Another simple method of making a charitable gift is to name Lake Street Church as beneficiary of a current life insurance policy. Although the donor does not receive a deduction when the church is named as beneficiary, the estate receives a charitable deduction for the insurance proceeds paid to charity.
Endowment fund – An individual can designate a specific amount or percentage of his or her bequest to be donated to an endowment fund that has been set up by Lake Street Church, in which regular withdrawals from the invested capital are used for ongoing operations or other specified purposes. The money earned by the endowment fund is used for the purposes specified by the fund.
There are easy ways to make a difference and raise money for Lake Street Church, known as “effortless fundraising!” Everyone can help make it happen.
Goodsearch (http://www.goodsearch.com/) – Next time you look something up online, search through GoodSearch and Lake Street Church will benefit! Go to www.goodsearch.com, type “Lake Street Church” under “WHO DO YOU GOODSEARCH FOR?,” and search away! You can also shop on the website under the “GoodShop” tab, and the church will receive up to 3% of your purchase.
GFS Marketplace (http://www.gfs.com/en/gfs-marketplace-stores/loyalty-programs.page?) – What are the Fun Funds benefits for Lake Street Church? Fun Funds is free! There are no costs up front, and the stores don’t charge a membership fee. The program is flexible – Lake Street Church participants aren’t limited to a small number of items: everyday items throughout our store are eligible. Participants also receive coupons and incentives from the stores to get them in the door and earn more money! Rebates are calculated quarterly and a check is sent directly to Lake Street Church.
Members that enroll online will receive two valuable offers: a $10 discount on their first purchase and a $10 donation to the church on their second purchase. Contact GFS Marketplace store manager if you have any questions. 2424 Oakton, Evanston, 847-864-0266.
AmazonSmile – Simply go to smile.amazon.com. Type in “Lake Street Church of Evanston” as your designated charity. Shop. Donations come to Lake Street Church. Could it be easier?. Amazon will donate 0.5% of the price of your eligible AmazonSmile purchases to Lake Street Church whenever you shop on AmazonSmile. AmazonSmile is the same Amazon you know. Same products, same prices, same service.
The Donor Bill of Rights was created by the American Association of Fund Raising Counsel (AAFRC), Association for Healthcare Philanthropy (AHP), the Association of Fundraising Professionals (AFP), and the Council for Advancement and Support of Education (CASE). It has been endorsed by numerous organizations. Lake Street Church subscribes to ideals set forth in the Donor Bill of Rights.
Philanthropy is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To ensure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in Lake Street Church, the church declares that all donors have these rights:
Lake Street Church of Evanston does not sell its database records to any organization or church. The records are used solely by the church for its purposes only.
Volunteers connect with others in the community and have the satisfaction of working together. Finding out about opportunities is easy: the Sunday service bulletin, conversations in Coffee Hour after the service, the Spire newsletter and this site will get you started, click Ways to Serve for instance.
You have skills and talents that can help Lake Street Church move forward in doing good in the world. What do you bring that you would like to share?
There are many other ways to provide volunteer or financial support for Lake Street Church. To request more information, please contact our Church Administrator, Emily Hartnell, or click here.