Embed Size (px)
Citation preview
5/3/2016
1
Kingdom Collaboration—a New Paradigm of
Ministry TO your Donors
Development to Discipleship:Awareness
5/3/2016
2
Traditional Fundraising
Beggingfor Bucks
KingdomAdvisors
Kingdom CollaborationThe New Paradigm of Ministry Resourcing
DONOR
FAMILY
5/3/2016
3
WISDOM
TRANSFER
Kingdom CollaborationThe New Paradigm of Ministry Resourcing
WEALTH
TRANSFER
BIBLICAL
STEWARDSHIP
/GENEROSITY
Ministry TO your Donors, Money FROM your Donors
"It's not what we want FROM you, it's what we want FOR you.”
- Andy Stanley
5/3/2016
4
Kingdom Collaboration
*Graphic provided via wildworksgroup.com
O V E RV I E W O F
Copyright © 2009, 2015 | Stewardship Legacy Coaching, LLC
Today’s Discussion
Who we help
Their challenges
5 areas of legacy
Our value
How we do it
Case study
5/3/2016
5
Who We Help
• Called to legacy and eternal impact
• 50+ with children or other heirs
• Net worth of $5M+, $10M+ (married)
• Family business or complex assets
• Desire planning based on biblical wisdom
• Looking for a “trusted advisor” relationship
• Committed to “finishing well”
ThrivingFamily Legacy Challenges?
Risk Perception“What Do I Think Will Bite Me?”
Estate & Financial Planning Specific Risks
Economy & Financial Markets Risk
Political & Tax Risks
37%
26%
16%
7%
5/3/2016
6
Risk Perception – “What Bit Me?”Why Do 90% Fail?
Causes of Failure
Source: Williams and Presser
Lack of Communication
& Trust in Family
Unprepared Heirs
Failures in Financial &
Estate Planning, Taxes &
Investments
60%
25%
3%
Risk Perception“What Do We Think Will Bite Us?”
“If the factory burned down, it would be tough, but we’d
get through it. However, If the family fell apart, it would
tear us up. This is important to us; it’s a line item on our
business budget every year. We spend money and time on
this every year, just like we do with our developing our
management team!”
- Third Generation Business Leader
LegacyChallenges
Family business transitionsHeirs: Entitlement, failure to launch
Spouses not on the same pageFamily dynamics and communications
Lack of clarity about “why”
5/3/2016
7
HOW• GRATs, QPRTs• Family Limited Partnerships• Charitable Lead Trusts• Irrevocable Life Ins Trusts• Intentionally Defective Trusts
• Private Foundations vs DAF
• ESOPs • CRUTs, CRATs, CLATs• Asset Protection Trusts• 1031 & 1035 Exchanges
WHY• INSIGHT• Purpose• Wisdom
Transfer & Heir preparation
• Family Dynamics
• ENDsight• Passion• Finishing
Well• Kingdom
Impact• Eternal
Perspective
Clarity
Tools, Techniques & Strategies
Wealth TransferShirtsleeves to shirtsleeves in 3 generations
BUILDWEALTH
BuildingValues
ForgettingValues?
Out of TouchWith Values?
MAINTAINWEALTH
SQUANDERWEALTH
1st Generation 2nd Generation 3rd Generation
The Three Big Questions
5/3/2016
8
Holistic Planning Through the Lens of Biblical Stewardship
AREAS OF YOUR LEGACY5
PERSONAL FAMILY FINANCIAL BUSINESS KINGDOM
“I want to give my Children enough that they can do anything they want, but NOT so much that they can do nothing.”
Warren BuffetChairman, Berkshire Hathaway
“Affluenza”
The psychological dysfunctions caused by affluence
- Jessie O’Neal, Author
Turn negative “affluence” into Positive “Influence”!
Preparing our HeirsBy Preventing “Affluenza”
5/3/2016
9
“Generosity is to Materialismwhat Kryptonite is to Superman.”
- Lloyd Shadrach, pastor and author
Cast a Vision of creating a Family Legacyof Giving and Generosity!
Family Legacyof Generosity
Our children today have too much to live withand not enough to live for!
- Os Guinness, Author
Cast a Vision for eachChild & Grandchild -Inspire them
for Greatness!
Purpose & Passion:Virtues & Values
Robert FrostAmerican Poet & Author
“Every affluent father wishes he knew how to give his sons the hardships that made him rich.”
5/3/2016
10
Metamorphosis—Don’t Abort the Process!
“You can give them Roots & Wings OR you can give them Money and Things”
Family LegacyDon’t Abort the Process!
• Passing on wisdom
• Passing on virtue (character)
• Passing on faith
• Teaching money management & business leadership skills
• Teaching the value of hard work
• Mentoring & preparing heirs
Preparing our Heirs through Intergenerational Mentoring and Discipleship
5/3/2016
11
Social Capital vs KINGDOM Capital
It’s YOUR Choice!!!
Involuntary Philanthropy
A PASSIVE Result
You Pay your taxes to IRS tosupport the social programschosen by the government
Voluntary Stewardship
An ACTIVE Result
You choose a plan that allowsyou to redirect your tax dollars tothe Church, Ministry, or Charityyou wish to support
The Part YouCan Keep
The Part YouCan’t Keep
5/3/2016
12
Stewardship Planning
Personal Capital Tax or Gift?
SOCIAL CAPITAL KINGDOM CAPITAL( TA X E S ) ( M I N I S T R Y )
Get Much Larger Current and Planned Gifts
Cash vs Asset-based Giving
Cash
Other Assets
Cash Gifts
Other AssetGifts
What Assets are Given?
What Assets are Owned?
94% of all Giftsare Gifts of Cash
91% of all Assets Owned are NOT Cash Assets, but are Other Assets
Cash94%
OtherAssets
91%
9% 6%
Thus, of all Charitable Gifts made, 94% comes from the 9% of assets that are CASH assets
5/3/2016
13
Existing PlanStewardshipLegacy Plan
Current Income Tax Deductions $0 $1,700,000
Current Income Tax Savings* $0 $960,000
Family Benefits $66,796,000 $10,250,000
Federal Estate & IRD Tax $37,704,000 0
Ministry (Current-ongoing) 500,000 1,000,000
Ministry (Current--Year 1) 0 $12,500,000
Ministry (deferred) $6,500,000 $88,260,000
Increased Income Tax Savings $0 $960,000
Increase to Ministry $0 $100,760.000
Estate & IRD Tax Savings $0 $37,704,000
*Per Year!
Case Study—Mr. & Mrs. Business Legacy
Case Study—Mr. & Mrs. Faithful Donor
Existing PlanStewardshipLegacy Plan
Current Income Tax Deductions $0 $1,600,000
Current Income Tax Savings $0 $736,000
Family Benefits (Niece & Nephew) $8,646,728 $400,000
IRD Tax on IRAs & 401K $853,272 0
Ministry (current) $200,000 $1,600,000
Ministry (deferred) 0 $8,000,000
Increased Income Tax Savings $0 $736,000
Increase to Ministry $0 $9,600,000
IRD Tax Savings $0 $853,272
Our ValueClient/Donor• Build a Thriving Family Legacy• Prepare and mentor your heirs• Wealth Transfer & Wisdom Transfer• Create a Zero estate & IRD tax plan• Convert social capital to Kingdom capital• Eternal Perspective & Eternal Impact• Guarantee of 5X Current Tax Savings or 10X Estate & IRD Tax Savings• Planning through the Lens of Biblical Stewardship• Increase your Kingdom impact
Ministry & Kingdom• Increased current giving & planned gifts• Ministry TO your donors!
5/3/2016
14
Thriving Family Legacy with Eternal Impact
How We Do ItThrough the Lens of Biblical Stewardship
DISCOVERYSLC Goals Conversation
BALTIC Review
Goals & Gaps Analysis
IMPLEMENTATIONShepherd Implementation
Process Management
PLANNINGTrusted Advisors Conversation
Multi-Disciplinary Collaboration
Plan Design
OPTIMIZATIONOngoing Review & Optimization
Wisdom Transfer
Intergenerational Mentoring
Questions & Answers Time
5/3/2016
15
"Faces of the
Forgotten"
5/3/2016
16
Jeff Rogers, CKA®, CEP®
• Stewardship Legacy Coach & Financial Advisor since 1983
• Founder of Stewardship Advisory Group, LLC & Stewardship Legacy Coaching, LLC
• Expertise in Zero Estate Tax Planning, Charitable Planning, Business Succession & Stewardship Legacy Coaching
• Certified Kingdom Advisor (CKA)
• Certified Estate Planner (CEP)
• 2013 recipient of the Larry Burkett Award from Kingdom Advisors
• Chairman of the Board of Compass-finances God’s way of Central Florida and GenerousChurch
• Advisory Board of NCF Orlando, Kingdom Advisors Champion
885 Sedalia Street, Suite #102 | Ocoee, FL 34761
407-470-1412 | Fax: 407-470-1411
www.stewardshiplegacy.com
Jedd Medefind• President, CAFO
• Was special Assistant to the President George W. Bush and Acting Director of the Office of Faith-Based and Community Initiatives
• Jedd held a range of posts in the California State Legislature
• Helped establish the California Community Renewal Project, which strengthens nonprofits in some of the state's most challenged communities.
• Authored The Revolutionary Communicator.
• Jedd co-authored Four Souls.
6723 Whittier Avenue, Ste. 202, | Mclean, VA 22101
202-460-8157
https://cafo.org/
5/3/2016
17
Doug Twohill
• Senior Vice President Wealth Management at UBS
• Chartered Advisor in Philanthropy
• Certified Kingdom Advisor
• Certified Financial Planner (CFP)
• Impact Giving Fund Organizer
• Doug supports or has supported American World Adoption Association, Compassion International, Focus on the Family, Watoto, as well as other non member ministries to orphans.
• Doug and his wife Cindy are parents to six children including 3 international adoptions and co founders of Fundacion Exodochildren’s home in El Salvador.
561-319-1719
