Randy Nyce contributes to Faithful Giving book
Case study involved stewardship of real estate
Everence® Stewardship Consultant Randy Nyce, CAP®, wrote a case study for a recently published book, Faithful Giving: the Heart of Planned Gifts.
The book is primarily written by James W. Murphy, CFRE, an editor and author who serves as Managing Program Director for the Episcopal Church Foundation.
Randy’s case study is called Stewardship of Real Estate – Mutual Benefits and Opportunities for Generosity.
He relates the story of a couple whose farmland was valued at more than $5 million.
They’d purchased the land years ago for around $21,000, but their community is in transition from rural to suburban. They considered the dramatic increase in land value wealth they had not earned.
They retired from farming, sold the property and set up a charitable remainder unitrust with help from Mennonite Foundation (now Everence Foundation.)
The CRUT provides money for their retirement years while leaving something for their children and enabling the couple to generously support charitable causes while they’re still living.