Torch, Fall 2000

Legacy of Leadership in Deferred Giving L eadership takes many forms. While we normally think of leaders as being visible and vocal, it is also possible to lead quietly by example. The essence of vision is exhibiting leadership by thinking ahead of your time. The Legacy Circle of Cedarville University is a group of forward-thinking leaders. The Legacy Circle is comprised of donors who have chosen to honor Cedarville University as the beneficiary of a deferred giving arrangement. By making a deferred gift, these visionaries have not only provided for themselves and their families, but have also secured a portion of the future of Cedarville University. A deferred gift, usually made in the form of an annuity or a charitable remainder trust, is an irrevocable gift to Cedarville University. The donor makes the gift in exchange for the current benefits of an immediate income tax deduction, a lifetime income stream for self and spouse, and avoidance of capital gains taxes. If the gift is made with appreciated assets, the cost of making the gift will be less than if the donor uses cash. By using a deferred giving arrangement, the donor can create a significant income stream from highly appreciated but under-utilized assets, such as real property or growth stocks that pay little or no dividend. So a deferred gift allows you to give assets, but retain defined income rights for life. Cedarville University will eventually receive the trust or annuity principal when the gift matures. With prudent investment during the life of the gift agreement, the deferred gift to Cedarville University can be larger than the original gift, even after the payment of income to the donor and spouse. You can do much to shape our tomorrow and assure yourself a place among the members of the Legacy Circle who can truly say, “I was here; I made a difference.” We invite you to contact Dave Bartlett or Kim Longo at 1-800-766-1115 for more information about this exciting leadership opportunity. Calling All Pastors! J im Cymbala, pastor of the Brooklyn Tabernacle since 1972, will be the featured speaker at Cedarville University’s annual Pastors Summit on January 25, 2001. Pastor Cymbala has co-authored two best-selling books with Dean Merrill: Fresh Faith and Fresh Wind, Fresh Fire . A frequent conference speaker with a heart for pastors, Pastor Cymbala will challenge and inspire you to experience the power of God in your ministry through prayer. Pastor Cymbala lives in New York with his wife, Carol, who directs the Grammy Award-winning Brooklyn Tabernacle Choir. Pastors who attend the Summit will enjoy chapel, a special keynote address titled “The Heart of God’s Servant,” lunch, and Q&A, all with Pastor Cymbala. Registration costs $25, and reservations must be made by January 5, 2001. Due to limited seating for lunch, attendance will be limited to the first 500 registrants. Visit the Pastors Summit Web site at www.cedarville.edu/dept/er/pastors to obtain additional conference information or to register online. For more information, please call the external relations office at 1-877-CEDARVILLE (233-2784). Dave Bartlett Director of Gift Planning