Leave a legacy. Invest in this generation.
- Psalm 78:4-6
Parents at Lynden Christian Schools are incredibly supportive of their school, encouraging their children, and working hand-in-hand with the staff. We are grateful for a huge volunteer base that extends across generations. Our local churches (about 80) that are represented in the school are a constant source of support and blessing, completing the home, school, church connection.
Since 1910, Lynden Christian Schools have provided over 4,200 students with a quality, Christ-centered education. These graduates have been equipped to assume leadership in their homes, churches, communities and around the world.
Why have a separate endowment fund?
The LCS Endowment Fund was formed in 1980 to provide financial stability and continue the tradition of LC's rich heritage to future generations. Gifts invested in the LCS Endowment Fund are permanently held in trust. Each year, the interest is used to reduce tuition for the benefit of the parents whose children are currently enrolled.
What is the LCS Endowment Fund?
The LCS Endowment Fund promotes, accepts, and manages gifts of property, securities, life insurance, bequests, memorials, gifts of remembrance, cash and other forms of contributions for the sole benefit of Lynden Christian School.
Why Have a Separate Endowment Fund?
Gifts to the LCS Endowment Fund are permanently held in trust with only the invested income used to aid the school. In other words, it is a gift that keeps on giving year after year. The LCS Endowment Fund takes a long-term view of the financial needs and security of the school. Although a separate fund, the earnings are transferred to the Lynden Christian School annually for the benefit of the parents.
What Are the Goals of the Endowment Fund?
- To supplement the annual operating budget of Lynden Christian School and hold tuition down to an affordable level for all parents who sincerely desire a Christian education for their children.
- To encourage using the wide variety of opportunities where Christian stewardship can be applied to furthering God's Kingdom.
- To help show the Christian community the many opportunities for stewardship other than available cash gifts.
God Owns Everything
The earth is the Lord's, and everything in it, the world, and all who live in it. - Psalm 24:1
Did you know that there are more than 2,300 verses in the Bible that deal with our possessions? Jesus addressed this topic in over two-thirds of His parables. Why is money and possessions such an issue for God? The answer is that the way we handle our money does not merely affect our pocketbook, it affects us spiritually. How we handle our money affects our relationship with the Lord.
Scripture highlights four major principles relating to our possessions:
- God is the owner of everything.
- We are to be generous with what has been entrusted to us.
- We are to prudently manage what has been entrusted to us.
- Possessions can be dangerous if not handled responsibly.
Wise planning and hard work result in the accumulation of an estate; similarly, wise planning and dedication should also be applied to the disposition of that estate. Your estate, regardless of its size, is the material representation of your life and is, therefore, significant.
As Christians, our estate planning must establish the goals and objectives we wish to accomplish for ourselves, our dependents, and for our Lord. God commands that we practice Christian stewardship in everything we do.
The LCS Endowment Fund has reduced tuition costs by over $3.6 million. This equals the tuition costs for over 1000 students!
The Endowment Fund was started in 1980 by dedicated LCS supporters who wanted to help ensure the affordability of Christian education for generations to come. Their INTEREST in starting and supporting this fund has paid back lasting DIVIDENDS to the parents and children at Lynden Christian Schools. They have definitely made a very positive step in accomplishing their goal - a step we all can take!
Take a look at a few examples of the DIVIDENDS that have been accomplished through the LCS Endowment Fund:
1980: Lynden Christian School Endowment Fund started with a total of $250,000.
2012: The interest earnings of the fund amount to over $370,000, offsetting the tuition by approximately $340 per student.
Annual Earnings from the Endowment Fund(Last 10 years)
Leaving a Legacy
All of us need to follow the example that has been set by our many Christian brothers and sisters who have helped establish and build our Endowment Fund. Because of their Christian vision and efforts, all families at Lynden Christian School are benefiting. This school year, 2012/2013 the Endowment Fund provided $340 for the tuition of each student at Lynden Christian School. At this rate our parents save $4,370 per child during their child's elementary and high school years.
As many more Christian school constituents see the benefits of supporting an Endowment Fund, this reduction will increase rapidly. By wise estate planning, all of us can help leave a Christian education legacy for future generations.
Help Provide Christian Education for Generations to Come!
Our goal is not to raise tuition more than the cost of living index. To reach this goal, we need to receive gifts of various forms such as the following:
- A Will Bequest - When preparing or revising your will, you can make provisions for the Endowment Fund in several ways with complete confidentiality.
- Cash Gifts - Giving a cash gift starts generating income immediately.
- Appreciated Investments - Giving appreciated assets starts generating income immediately plus it can reduce your taxes.
- Life Insurance - By naming the Endowment Fund as a beneficiary, you can practice Christian stewardship with a substantial gift at death by means of small contributions during your life.
- Life Estate Contract - Donating real estate (house or land), you retain full use of the property until death.
- Gifts of Remembrance - You can make a gift in memory of a loved one which will perpetually generate income for the Lynden Christian School. Those honored by such gifts at the commemoration of a wedding, birth, anniversary, retirement or other events will be notified by an appropriated card, as will the family of those honored at death. The names of the person honored will be listed in our newsletter unless specifically asked not to.
Passport to planning
God owns everything. We are His money managers. The earth is the Lord's, and everything in it, the world, and all who live in it. Psalm 24:1
Christian stewardship is the efficient management of our time and talents. Each individual is accountable for the use of the resources available to him or her because all that we are and have is His.
As wise planning and hard work result in the accumulation of an estate, similarly, wise planning and dedication should also be applied to the disposition of that estate. Your estate, regardless of its size, is the material representation of your life and is, therefore, significant.
As Christians, our estate planning must establish the goals and objectives we wish to accomplish for ourselves, our dependents, and for our Lord. We must practice Christian stewardship in everything we do. Estate planning needs to change as you progress through different stages of your life. Here are some examples that may apply to you:
Your first will and estate plan
Some concerns and goals:
- Name a guardian for minor children and a trustee to manage assets for their care and education.
- Assure sufficient financial security for your spouse and all dependent family members.
- Consider gifts to the LCS Endowment Fund and your other favorite Christian causes when the last parent dies and all children are adults.
Your second will and estate plan
Some concerns and goals:
- Review whether named guardians are appropriate for teenage children.
- Avoid estate and inheritance taxes as assets increase in value.
- Attend to the manner in which your home and other assets are titled, including business, life insurance, and retirement funds.
- Review plans for support of and fair distribution to family members who may have different levels of need, maturity, and responsibility.
- Review provisions for the LCS Endowment Fund and other Christian causes when the last parent dies and family responsibilities have been met.
Your third will and estate plan
Some concerns and goals:
- Plan for continuity of business and financial matters in case of disability and for the ultimate transfer to children or other family members.
- Provide for transfer of assets at death with minimum probate intervention, delays, and administration.
- Arrange for less active management of assets, yet assuring a regular life income plus sufficient funds in the event of emergencies or long-term health care needs.
- Clearly express goals and intentions to family members in order to minimize potential disagreements among those interested in your estate.
- Reduce or eliminate death and transfer taxes.
- Provide financial protection for your children should your spouse later remarry.
- Continue good Christian stewardship toward children, grandchildren, and other family members, as well as toward the LCS Endowment Fund and other favorite Christian causes in planning the final distribution of your estate when both spouses are deceased and family needs have been met.
Process Check List
- Do you have a well thought-out will?
- In this document have you worked through the four major areas which affect you and your long-range planning goals?
- A) People - For whom do you wish to plan? Are there any special or unique family situations which should be considered?
- Property - Is your estate likely to owe any estate or inheritance taxes? What assets are available to meet your family needs in case of death or long-term disability?
- Plan - What specific goals do you have for your property after you are gone? How can a plan be prepared which meets both your family needs and your Christian stewardship desires?
- Participants - Which people should be involved to aid in accomplishing your goals? For example: executors and guardians.
- Have you reviewed this will over the last five to ten years?
- Do you have trusted professionals who helped you establish/review your estate plan?
- Would you like free consultation with a representative from the Barnabas Foundation?
- Have you ever considered the concept of "A Child Named Charity" (including charitable causes in your will as if one of your children)?
Estate planning services
As a member organization of the Barnabas Foundation, friends of Lynden Christian can avail themselves - at no cost - of the estate planning services offered by the Barnabas staff. The goal of the Barnabas Foundation is to "assist Christian people in extending their lifelong pattern of good Christian stewardship into their wills and estate plans."
A Barnabas representative will meet with individuals or couples, offering free and confidential guidance in meeting personal family and stewardship goals. Barnabas representatives do not perform the necessary legal work to carry out these plans, but they follow up the conferences with a summary that can be brought to an attorney for translation into the appropriate legal documents. Meeting with a Barnabas representative may be of special interest to you if your circumstances have changed in recent years due to widowhood, retirement, or an "empty nest" as your children reach adulthood. You may also have concerns about what will happen to your family business or farm in case of your death.
To get in touch with a Barnabas representative, please contact Don Van Maanen via phone at: (360) 318-9525 or email. The LCS Central Office can link you with free estate planning services through the Barnabas Foundation.
Estate Planning and Review Update Seminar
Lynden Christian Schools has sponsored, and expects to continue sponsoring, an annual evening estate planning seminar featuring a number of Lynden attorneys whose practice includes estate planning. The seminar not only provides valuable free information, but also affords you the opportunity to meet the attorneys in person.
The notices that announce this seminar are accompanied by a coupon that may be presented to participating local attorneys for a valuable discount in the cost of your estate planning - this LCS coupon is honored whether or not you actually attend the seminar. In addition, those attending the seminar typically receive yet another coupon directly from the participating attorneys for even greater savings.