CROP Walk Coordinator Creates a Legacy
"The true meaning of life is to plant trees under whose shade you do not expect to sit"
It was a big sky in Northwest Kenya and a hot day as we walked along a dusty trail to visit a new water project. We were a group from the United States, connected by our interest in CROP Hunger Walks, and traveling at our own expense to see the work of Church World Service in Eastern Africa. The above quote came to mind as I realized the impact of using the funds we raised via CROP Hunger Walks to help people far removed from my home in California. It was gratifying to see their joy over having access to clean water from the well we helped provide, and I am forever grateful for the opportunity to help fund a project that has dramatically improved their quality of life.
We donors depend on Church World Service to plant the trees, and Church World Service depends on us for contributions. While cash or gifts of property may be the most obvious way to give, an alternative is the gift of life insurance.
My wife and I made a gift of an existing life insurance policy by transferring ownership of a permanent policy and making Church World Service the beneficiary. We received a tax deduction for the value of the policy, which was calculated based on the cash value and dividends at the time of the gift. Our plan is to continue paying the premiums as a tax deductible charitable deduction. Your tax advisor and the gift planning office at Church World Service can help you structure gifts to cover the premiums.
Another way to use life insurance to make a gift is the purchase of a new life insurance policy. One that works well for many people is a 10-Pay Life Plan. Premiums will vary depending on age and the face value of the policy, but this plan creates a paid-up policy in 10 years. There are many ways to give using life insurance and Ronald Blaum, Director of Gift and Estate Planning at Church World Service can assist you. If you have a life insurance agent or financial advisor, Ron will partner with them to get the policy issued. Through the use of life insurance, you will leverage your gift and create a far greater level of support for Church World Service than you ever thought possible.
You may not be able to enjoy the shade from the tree you helped plant, but you will create a thoughtful and important legacy for future generations in need. You can be the "way out" from the quote below taken from the Church World Service website.
"Millions of people worldwide live on the edge of subsistence, at the will of fragile economies, struggling to escape the crushing grip of poverty and powerlessness. Most are hungry--and they need more than a handout. They need a way out." www.churchworldservice.org
Henry & Vi Jones