ARE YOU A THRIVENT MEMBER?
Thrivent Choice® is now easier and more impactful. Members can now have a bigger impact with less effort, making it easier to support the causes close to your heart.
WHAT’S CHANGING?
All Thrivent Choice members now receive Choice dollars to direct to charitable organizations like St .Peter Lutheran Church and St. Peter Lutheran School.
PREVIOUSLY
Only select Thrivent clients with membership were eligible.
Choice Dollars were accrued gradually throughout the year.
Due to gradual accrual, Choice Dollars could be directed until Mar 31 of the next year.
NOW
All Thrivent clients with membership are eligible.
Choice Dollars are available in full at the start of each year.
All Choice Dollars are available to direct at any time January through December.
All 2026 Choice Dollars are now available. Take a moment to direct your available Choice Dollars. Direct Now
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TRANSFER THE BLESSING
A Bequest to Save Taxes
Thomas was a widower who had a great love for our church community and family. As an individual who had directly benefited from our work, Thomas wanted to thank us with a gift from his estate.
Thomas told his attorney that he wished to make a bequest to his church and school. Thomas' estate included some stocks, real estate, and an IRA. Thomas' attorney recommended that he give the appreciated stock and real estate to his children and leave his IRA to his church or school.
Thomas: My attorney told me that if I gave the stock and real estate to my children, these assets would receive a step-up in basis at my death. My children could then sell them without paying tax. However, if I gave my children my IRA, the IRA would be subject to estate and income tax. After paying all these taxes, truly little would be left for my family. By giving the IRA to this church, I could make a nice gift and avoid any additional tax for my estate and children.
Thomas contacted his IRA custodian to obtain a beneficiary designation form. He filled out the form and designated our church as the 100% recipient of his IRA account. Thomas' attorney then specified in Thomas' will the bequest of his other assets to his children.
Thomas called and notified the church of his bequest. Thomas was pleased that because our church was a tax-exempt institution, it would receive the full amount of the IRA value when he passed away, creating a legacy for the future.
To receive confidential help with the foregoing at no cost to you, please contact St. Peter’s Christian Estate Planner, Ray Pagels, on his cell: 847-226-2262 or on his email at raymondpagels1@gmail.com
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