A Consciousness of Neighbor
At the National Christian Foundation, we serve many wonderful followers of Jesus who have reached a place where they want to update their estate plans. As I have written in a separate blog post, we encounter folks wherever they may be on a journey toward increased Kingdom giving.
The journey generally goes from:
- Give it all to the kids.
- Give the Lord some bequest off the top, with the rest to the kids.
- Remembering that Jesus said to love our neighbor as ourselves, allocate the estate into equal shares for each child and a favored “neighbor” charity, i.e., their church or favorite non-profit, or both. As an example, with three kids, that means four units.
- Determine “how much is enough” or “finish lines” for lifestyle expenses, long-term financial security, empowering, not destructive inheritances for the kids, with everything else going to the Lord.
For purposes of this post, I want to emphasize the HUGE transformational change that often happens when these dear people decide to open their hearts to include a significant allocation to a “neighbor” beyond their historic giving.
It begins with the thought of giving more at a later date. But their conscious commitment to do that later often opens the spiritual door of their lives into creative thinking about what might be possible sooner.
What that means is that they not only plan to bless others in the future, but they often reverse-engineer that Kingdom mindset into their current giving. They take a fresh look at their spending on their own family and rethink their capacity to carve out more for others.
The rewards are not only downstream for those in need but also upstream for the donor family. They experience a flow of “feel-good” brain chemicals, such as serotonin, which God designed into our DNA to reward our generosity. Increased creative thinking and action on how favorite causes can be served is often triggered. A sense of purpose and belonging to something Jesus cares about invades their soul. And, therefore, they end up with a more intimate walk with Jesus.
We have before us a multi-generational opportunity to develop a giving strategy, training up those we love to have a “consciousness of neighbor.” That can become an immense character trait, and it does not need to wait until we update an estate plan. We can be about it now.
We may no longer control every member of our family, but we can influence them. The best way to do that is to model generosity toward neighbors in a peaceful and winsome manner. We never know just who might be looking. “Train up a child in the way he should go, and when he is old, he will not depart from it.” Proverbs 22:6.
Connect
Jay Bennett
[email protected]
Tyler VanEps
[email protected]
Archive
Generosity: From Duty to Joy
When I earned my first real paycheck, my mom marched me down to the neighborhood bank, made me deposit 85% in a savings account, and take out 10% to drop in the offering plate at church the following Sunday. The remaining 5% (98 cents) was mine to go wild with!...
In God Owns All
In the beginning, God created the heavens and the earth…and man and woman. He created man and woman in His own image…a clear indicator of His intent. That intent was and is that He would have a direct relationship with them. Knowing they would have needs, He...
Three Forms of Capital
The National Christian Foundation (NCF) serves thousands of families who want their children and grandchildren to be wise stewards of the "capital" they inherit. At NCF, hosted events on the topic of generational wealth transfer is always a standing room only...
What is a Donor Advised Fund?
90+% of Christian giving is in cash. 90+% of assets held by most donors are not in cash. Such assets are appreciated assets, like publicly traded and private business interests and real estate. Donor-advised funds are exploding in popularity and are the...
Train Up A Child
When we hear the word “Generous,” we often think about generous people we know. From the top down, however, Generosity is a Divine trait, and there is an opportunity to train, our children and grandchildren toward that trait. God is love. Love Gives. God so loved...
The Great Wealth Transfer
The National Christian Foundation continues to research the greatest wealth transfer in the world's history. At this point, we believe $124 trillion will transfer from generation to generation over the next 20 years. Of that vast amount, less than $16 trillion is...
Are Your Families’ Estate Plans Updated?
Between 2025 and 2045, approximately $100 trillion will generationally transfer from the Greatest Generation ($20T) and Boomer Generation ($80T). As of today, less than $20 trillion is earmarked for charity. This means roughly $80 trillion is up in the air in terms of...
Corporate Liquidity Events, Massive Tax Savings, and Giving Capacity
While cash (after-tax dollars) and publicly traded stock (pre-tax dollars) are the simplest way to give, we are well into a season of tremendous wealth transfer via sales of closely held, privately owned family businesses. Such liquidity events can be a huge...
The Single Charity Fund
90+% of gifts to Christian non-profits are made out of cash. Gifts of cash are made from after tax money. That makes cash gifts 65 cents on the dollar. Gifts of publicly traded stock can be made pre-tax, providing 100 cents on the dollar. Most donors who care would...
Cash is Not King in Fundraising
Noncash gifts predict long-term fundraising growth. Non-profits raising over $1M between 2010 and 2015 and reporting only cash gifts on e-filed tax returns experienced an annual growth rate of 11% over five years, barely keeping up with an 8% inflation rate. In...
