LTSS New Life Fund
It is our expressed intent to meet the New Life Fund goal of $350,000. These funds are so necessary for LTSS’ day-to-day operation, and every gift, regardless of its size, is gratefully received. When each and every person who believes in the future of LTSS makes a gift, the challenge is made more manageable.
In recognition of both the shortage of pastors and other servants of the church and the debt these individuals could occur in attending seminary, a $2 million campaign has been approved to be launched across the North Carolina Synod on behalf of seminarians from North Carolina and who commit to attend the Lutheran Theological Southern Seminary in Columbia, South Carolina. This campaign is a demonstrated way of saying to future seminarians, “We care! We want you to receive the necessary education to serve the church and to leave seminary with the least debt possible.” This is the least we can do for those who decide to dedicate their lives to serving Christ and the church.
During 2017 – 2019, the campaign will be conducted across the North Carolina Synod. The quiet phase of the campaign begins in the fall of 2017, and the public phase begins in January 2018 and continues until December 31, 2019. Three goals of the campaign are as follows:
- Goal 1 - Raise $1,500,000 to fund five annual scholarships each year that will be awarded to students from the North Carolina Synod who will attend LTSS.
- Goal 2 - Raise $250,000 to fund an endowment that will provide debt relief to those students with tuition and housing costs who are already at the seminary.
- Goal 3 - Raise $250,000 for cross cultural classes offered during the seminary’s January term.
The general practice of Lutheran Theological Southern Seminary has been that scholarships and financial assistance have been gift and endowment driven. Therefore, the North Carolina Synod appeal on behalf of our students is in keeping with the long tradition of LTSS. More specifically, if we achieve our goal of receiving $1.5 million for scholarship assistance, North Carolina seminarians will have their debt load reduced significantly. Scholarships are distributed on the basis of need.
Every gift, regardless of its size, matters! It is when our gifts are combined with other gifts that a significant impact can be made. The important thing to remember is that gifts will be pooled into one endowment that will produce a perpetual impact through annual earnings. It is these earnings that will be distributed to North Carolina seminarians.
Specific channels through which you can make a gift are as follows:
Cash – Money may be given via check.
Pledge – If the gift is $5,000 or larger, it may be given over a five-year pledge period.
Stocks or Securities – Receive an immediate income tax deduction with a gift of stock or securities. You may also realize savings on capital gains taxes that normally accrue at the time of sale. To protect tax savings, be sure to contact LTSS before stock is transferred.
IRA – If you are 70 ½ or older and wish to fulfill the annual required minimum distribution, that distribution can be given directly to LTSS through a qualified charitable distribution without any tax consequences.
Planned Gift – You may make a gift to LTSS that comes into effect at a future date (after the sale of a home, after a death, after an estate is settled).