According to a study at the Boston College Center for Wealth and Philanthropy, by the year 2052, $41 trillion (that’s trillion) in wealth will be transferred from one generation to the next. In spite of this looming intergenerational transfer of wealth, over 70% of Americans do not have a current will! Without a plan to pass on your personal assets, you and your estate are left at the mercy of the IRS.
Read about the experiences of donors who have made a commitment to honor IWS through their estate planning at our testimonials page.
We encourage all those in the IWS community to employ long-term estate planning to maximize your legacy to your loved ones and to your charitable interests. We also strongly urge you to seriously consider IWS as one of your priority charitable interests. While the annual support of the IWS community is absolutely crucial to the fulfillment of our sustainable mission, deferred support like estate planning can leave a Kingdom legacy with an impact that spans multiple generations. This kind of gift is often the single most significant act of generosity toward God that most of us will ever perform. Let your hands be your executor instead of the government!
In 2009 IWS received notice of our first official bequest from an alumnus. A bequest is a simple way to create a legacy which generously provides for the future of IWS and demonstrates love and support for the advancement of our mission. The inclusion of the Robert E. Webber Institute for Worship Studies in estate planning assures that your gift will have enduring influence and impact.
Remember: Contact your estate planning attorney and tax professionals for legal and tax advice for employing any charitable giving strategy. The information at iws.edu is not a replacement for (not intended to be) legal or tax advice; for legal or tax advice, consult an attorney. Figures cited in examples are for hypothetical purposes only. All references to estate taxes and income taxes refer to federal taxes only. Taxes and related laws vary from state to state and may impact your results.