Light is a nonprofit corporation which depends upon the support of its members in order to continue meeting its purpose: to help humanity develop its noble mind, creativity, and spiritual awareness.
The strength of the work of Light depends on the support of its contributing members--men and women of goodwill throughout the world who take pleasure in being able to help Light achieve its goals and fulfill its purposes.
Members receive announcements of the publications of Ariel Press and new CDs, information about classes taught by Dr. Leichtman and Mr. Japikse, book reviews, and special features. Members are also periodically offered selected books at discount sale prices.
In addition, members receive Books of Light, a compilation of reviews of the best books in the field.
The cost of a contributing membership in the work of Light is $40 per year for an individual, $60 per year for a family. There are also three other classifications of membership in the work of Light:
Membership contributions from fellows, benefactors, and angels can be pledged and then paid periodically during the year, if that is preferred to a single contribution.
To make a gift or join Light online, please click here. All contributions to the work of Light are tax deductible.
The Publications Fund
Like all charitable organizations, Light depends on the contributions of its members to help it meet its annual budget--as well as to expand the scope of its work. We believe that the work we are doing--building strong and enlightened minds that are able to understand spirit and work creatively in life--is a noble work which must be underwritten by as many people as possible, not just a few.
The primary services of Light are performed through the publications it produces and distributes throughout the world. In order to help support these writings, Light has set up a Publications Fund to solicit gifts over and above annual membership dues.
We use the Publications Fund to support the publication of new books by Dr. Leichtman and Mr. Japikse and to acquire rights to and reprint classics in the field of enlightenment, such as the books by Joan Grant, the Worralls, and Evelyn Underhill.
Gifts to the Publications Fund can be of any size, from $10 to $100,000. All gifts are deeply appreciated, and used to further our charitable purposes.
There are many ways that gifts can be made to these funds--even by members who at first might think it impossible to ever give a large gift. Some of these different ways of helping Light grow are briefly outlined here. For further information, contact Light.
Gifts to the Publications Fund of $3,000 or more will be recognized on the copyright page of one of our future publications, if desired.
One of the most common ways to give major gifts is by leaving funds in your will. This must, however, be a legally executed will or it may not have any validity.
To include Light in your will, you simply have to make a specific bequest. Be sure to identify us as "Light, a nonprofit corporation in the state of Ohio" and give our current address. You may leave a specific amount, a percentage of the estate, or the remainder of the estate after all other bequests have been satisfied. You may also bequeath property to Light. All such gifts help reduce your estate taxes.
This is a type of investment which will be of greatest interest to people 55 and over and has very favorable tax advantages. The annuity is created by making a gift of $5,000 or more to Light, in exchange for which you or whomever you name receives an annuity--a Þxed income for life. This yearly payment ranges from 6% to 14% of the amount you gave, depending on your age at the time of the initial gift. In addition, a certain percentage of the gift is tax deductible for the year in which you make the gift, and a large percentage of your annuity income is likewise tax exempt.
Gift annuities are excellent ways to get sizeable tax deductions while you are still earning money, yet retain the beneÞt of a yearly income, guaranteed until you die.
A $25,000 gift to Light in return for an annuity, for example, would produce an annual income of $1,650 if you were 65; $1,975 if you were 75. In addition, $1,127 of the $1,650 would be tax free; $1,477 of the $1,970 would be tax exempt. You would also realize an immediate tax deduction of $3,331 if you are 65; $4,443 if you are 75.
In order to guarantee their security, many Americans over-insure. As their policies mature, then, they have large amounts of equity to manage. One option is to give ownership of a life insurance policy to Light.
This can be done in one of two ways. A policy that is no longer needed can be given outright to Light, and the value of the policy can then be taken as a straight tax deduction. Unused portions of the deduction can be carried over.
Or, a new policy can be started, with Light designated as owner. The premium you pay each year can be deducted from your taxes, but Light ends up with the full value of the policy at the end of its term. Especially with some of today's insurance policies, this can be a way to transform a relatively small investment into a major gift to Light.
Since beneficiaries can be changed, your investments will only qualify for tax deductions if you make Light the owner.
Appreciated Securities, Bonds, & Real Property:
The tax penalty on stocks and bonds that have appreciated greatly often is so large you wonder if it is worth cashing them in. By giving the appreciated stock or bond to Light, you can avoid the problem--and receive a signiÞcant tax deduction in return.
Light is also happy to receive gifts of real property that have increased in value. The same tax advantages apply.
Gifts of Property:
Other personal property also may experience a rapid increase in value if held for a number of years, to the point where the tax burden becomes unbearable. As long as the property can be appraised, it can be given to Light, and its value taken as a tax deduction.
Gifts to the Publications Fund are wonderful ways to honor the memory of a loved one. If the gift is larger than $3,000, a book published by Ariel Press will carry a notice that its publication is made possible by a gift in memory of this individual.
Line of Credit:
A Certificate of Deposit for $5,000 or more in your bank can be used as collateral on our line of credit with our bank, enabling us to borrow against your funds, while you earn interest on them! Call for information.
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