Pictured above: Members of St. Peter participate in an Everyone Outreach evangelism workshop

More than 20 years ago, the members of St. Peter, Schofield, Wis., realized their congrega­tion would benefit from forming a planned giving committee. One of the goals of the com­mittee was to actively promote to members what a blessing planned giving could be in supporting the gospel work of the congregation.

Member Bob Stasney has been part of the con­gregation’s planned giving committee since its inception. He recalls that the new committee ben­efited from the support of a WELS Christian giving counselor, who supplied startup resources and advice. “[The resources] were key in guiding us to establish policies that are very important to refer to over the years,” remembers Stasney.

Since that time, St. Peter’s planned giving commit­tee has been encouraging members in their giving by providing regular communication in the bulletin or newsletter about gifting tools. The committee also assists members who have questions about making planned gifts, directing them to their local WELS Christian giving counselor as needed.

Through God’s blessing, this targeted, support­ive approach has resulted in members setting up gifts to benefit the church through a variety of methods, like gifts of appreciated stock or gifts through a will or estate plan. Last year the con­gregation received several large gifts, including $220,000 to create an endowment and another $400,000 to further God’s ministry in multiple areas. Another $20,000 gift went to tuition assistance (the church’s scholarship program has distributed over $130,000 to families since its inception). St. Peter’s planned giving committee also oversees the congregation’s endowment funds and invests with WELS Investment Funds.

Stasney encourages other congregations to consider setting up a planned giving commit­tee, utilizing the resources and planned giving program manual available through WELS: “The current manual seems quite comprehensive and is a must-go-to for anyone starting from scratch.”

Stasney gives all credit to God for his blessings on St. Peter. “The Holy Spirit has worked miracles at St. Peter over and over again, and our members have historically been cheerful givers,” he says. “To God be all the glory.”

Learn more about starting a congregational planned giving program at wels.net/plannedgivingprogram or contact your local WELS Christian giving counselor at 800-827-5482 or [email protected] for assistance.

Congregations receiving larger gifts from members have long-term and short-term investment options through WELS. For long-term investing, WELS Investment Funds provides cost-effective, professionally managed investment portfolios exclusively for WELS and affiliated organizations. These funds are designed especially for endowment and scholarship funds.

Currently 255 WELS organizations have entrusted more than $300 million to WELS Investment Funds. Investors benefit from lower investment costs, oversight by a national board of directors made up of WELS members with relevant experience, the expertise of professional institutional investment consultants, and ease of use as investors work directly with professional WELS staff to set up and manage accounts. Explore your options at wels.net/welsfunds or by contacting [email protected] or 877-888-8953.

WELS Church Extension Fund (WELS CEF) provides short-term investing to congregations through one-year savings certificates and 6- to 60-month investment certificates. In addition to receiving competitive investment rates, congregations can appreciate that WELS CEF uses the investments to provide financing to mission congregations and mission-minded self-supporting WELS congregations and schools for land and facility projects. For more information visit wels.net/cef or contact [email protected] or 866-511-7793.

The maximum amount of qualified charitable distribu­tions (QCDs) you can direct to ministry from your IRA has increased in 2024 to $105,000 (previously $100,000), and the maximum you can distribute to WELS Foundation to set up a charitable gift annuity is now $53,000 (previously $50,000). This is because under SECURE Act 2.0 there is a yearly increase, indexed for inflation, in the annual limit of QCDs starting in 2024.

Learn more about qualified charitable distributions at wels.net/qcd.