Is Your Church Prepared To Receive A Portion of The $59 Trillion?
Legacy GivingWe are now witnessing the greatest transfer of wealth in history.
As reported by CNBC, a new study from Boston College Center on Wealth and Philanthropy projects that heirs, charities, and taxes will receive $59 trillion between 2007 and 2061. (Yes, that’s trillion with a T!) This is up from a 1999 projection of $41 trillion.
Charities in particular are forecast to receive more than $6 trillion of this wealth transfer, while total gifts to charity during this period are expected to be more than $27 trillion.
Pastor, are you ready for this? Is your church prepared?
Are you encouraging your members, who are forgetting your church in their estate plans, to consider legacy giving?
I recently completed a series of blog posts on the topic of legacy giving.
And with this updated calculation of wealth transfer, what better timing than now to take a quick inventory on how you are doing in this area!
And, just to make it a bit easier, here are direct links to those posts for quick reference:
- 10 Reasons to NOT Implement a Legacy Generosity Strategy in Your Church
- Is Your Church Prepared To Receive the $1 M Check?
- Our Personal Legacy Giving Journey
- The Language of Legacy Giving for Churches
- Legacy Giving: Is It About Tax Avoidance or Eternal Values?
- How to Implement a Legacy Giving Strategy
Are you interested in learning more about how legacy giving can have a long-term impact on your ministry? I would love to start a conversation with you!
About Rusty Lewis
As a church leader, there’s nothing more frustrating than not having the funding to do what God’s calling you to do. But when you think about trying to address that problem, you feel overwhelmed, you dread the potential pushback from your congregation, and you’re not sure where to turn for help. Over the last 18 years, I’ve helped more than 120 churches close the gap between their current financial reality and what they need to move forward in ministry.