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Planned Giving

Sharing the Harvest

Becky and Paul Grothe

Becky and Paul Grothe

"Before we were married, I knew he wanted to farm again," reminisces Becky Grothe, about her husband, Paul Grothe (class of 1976).

Paul grew up on a family farm in northern Minnesota. After graduating from Concordia, he attended Wartburg Seminary and ordination and served ELCA congregations in Wisconsin, Michigan, Ohio, Minnesota and North Dakota. Over the years, Paul's love of farming remained strong—and he did farm again.

When it came time to wind down the farm business, Paul and Becky met with several advisors. During these conversations, Paul expressed his desire to leave a gift to Concordia College upon his death. Advisors encouraged the couple to consider a Charitable Remainder Unitrust (CRUT). This would provide them with payments during retirement and a generous gift to Concordia College after their lifetimes.

The Grothes worked with the Concordia advancement office and established a CRUT that named Concordia as the charitable remainder beneficiary. They transferred ownership of the farm machinery, and later the farmyard, to the trust. The farm machinery has been sold by the trust and the trust has invested the proceeds. The farmstead has been rented to a neighbor. Trust income generated from both sources flows through the trust to Paul and Becky. Paul and Becky will receive annual payments of five percent of the CRUT's principal balance, and upon their deaths, remaining funds in the CRUT will be given to Concordia.

"Concordia has had an incredible, positive impact on my life. I would not have done what I've done in life if I hadn't been a student at Concordia," says Paul. "We chose this way of expressing our gratitude, so that in the future, more young people who have financial need will be able to benefit from a Concordia education."

Secure Your Retirement and Concordia's Future

Like Becky and Paul Grothe, you can feel good about your retirement while making a difference in the lives of Concordia students. To learn more about CRUTs or other ways to give, contact Trina Hall at (218) 299-3445 or

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to Concordia College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Concordia College, a nonprofit corporation currently located at Moorhead, MN, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Concordia College or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Concordia College as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Concordia College as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Concordia College where you agree to make a gift to Concordia College and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.