Financial and Investment

Our aim is to provide clear and transparent information regarding our financial position, fees, investment philosophy, and performance. Additional information is available through Brian Hamilton, our Chief Financial Officer.

Financial Information

 

Read our 2020 Annual Report here.

FY Income Distributions for 2017

Read our 2020 audited financial statements here.

Read our 2019 audited financial statements here.

Read our 2018 audited financial statements here.

Account Management and Administrative Fees

Legacy Deo’s operations are funded by account management fees, gifts and bequests, interest and dividends generated by invested reserves, administrative fees, and financial support from the Texas District of The Lutheran Church—Missouri Synod. Our fee schedule is as follows:

Account Management
Each managed account incurs an annual management fee, calculated and deducted on a quarterly basis. Amounts are determined according to the following table:

Marketable Securities Gifts
Legacy Deo accepts gifts of publicly-traded securities (i.e., stocks, bonds, mutual funds, ETFs, etc.). These gifts can fund new accounts, augment existing accounts, or be contributed to Legacy Deo itself. We also liquidate securities and pass the sale proceeds to another ministry or charity of the donor’s choosing.

One-time gifts are charged $25 to receive, sell, and distribute the net proceeds. This amount includes up to three distributions to external ministries or charities. An additional fee of $10 per distribution is charged when the number exceeds three. Statutory fees charged by securities brokers are netted against the proceeds prior to distribution.

For recurring gifts, we require a pass-through trust account to be opened. A one-time fee of $50 is charged to open the account, which also covers processing the first gift transaction. Subsequent gifts incur fees at the same rate as one-time gifts. A minimum balance of $250 is required to maintain an active pass-through trust. Upon closure of the account, this minimum balance is passed through to the final ministry or charity.

Estate Administration
Legacy Deo can serve as administrator of an estate. Fees charged will fall within the maximum allowed by the Texas Probate Code. Related travel and administrative expenses are charged at actual cost. Fees are netted against the estate’s value.
Real Estate Sale
Gifted real estate, when subsequently sold, incurs a charge equal to 5% of the property’s sales price. When a realtor is involved, the fee is reduced to 2%. This fee is netted against the proceeds, which typically includes other charges required to complete the sale.
Tax Preparation

Most trusts require preparation of an annual tax return. Our base fee is $85, which includes preparation of taxpayer forms such as K-1 and 1099. Complex returns requiring additional preparation time are charged a minimum of $125.

Legal Services
When establishing a new account, Legacy Deo absorbs the first $200 of legal fees. Excess amounts are charged to the account. Fees for legal matters arising after inception are charged to the account.
Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
1 week ago
Legacy Deo

... See MoreSee Less

2 weeks ago
Legacy Deo

Psalms 16:6 ... See MoreSee Less

Psalms 16:6
3 weeks ago
Legacy Deo

Celebrating our own personal super heroes today! ... See MoreSee Less

Celebrating our own personal super heroes today!
3 weeks ago
Legacy Deo

Dear Lord,

We’re still hoping we’ll wake up. We’re still hoping we’ll open a sleepy eye and think, What a hor­rible dream.

But we won’t, will we, Father? What we saw was not a dream. Planes did gouge towers. Flames did consume our fortress. People did perish. It was no dream and, dear Father, we are sad.

There is a ballet dancer who will no longer dance and a doctor who will no longer heal. A church has lost her priest, a classroom is minus a teacher. Cora ran a food pantry. Paige was a counselor and Dana, dearest Father, Dana was only three years old. (Who held her in those final moments?)

We are sad, Father. For as the innocent are buried, our innocence is buried as well. We thought we were safe. Perhaps we should have known better. But we didn’t.

And so we come to you. We don’t ask you for help; we beg you for it. We don’t request it; we implore it. We know what you can do. We’ve read the accounts. We’ve pondered the stories and now we plead, Do it again, Lord. Do it again.

Remember Joseph? You rescued him from the pit. You can do the same for us. Do it again, Lord.

Remember the Hebrews in Egypt? You protected their children from the angel of death. We have children, too, Lord. Do it again.

And Sarah? Remember her prayers? You heard them. Joshua? Remember his fears? You inspired him. The women at the tomb? You resurrected their hope. The doubts of Thomas? You took them away. Do it again, Lord. Do it again.

You changed Daniel from a captive into a king’s counselor. You took Peter the fisherman and made him Peter an apostle. Because of you, David went from leading sheep to leading armies. Do it again, Lord, for we need counselors today, Lord. We need apostles. We need leaders. Do it again, dear Lord.

Most of all, do again what you did at Calvary. What we saw here on that Tuesday, you saw there on that Friday. Innocence slaughtered. Goodness murdered. Mothers weeping. Evil dancing. Just as the ash fell on our children, the darkness fell on your Son. Just as our towers were shattered, the very Tower of Eternity was pierced.

And by dusk, heaven’s sweetest song was silent, buried behind a rock.

But you did not waver, O Lord. You did not waver. After three days in a dark hole, you rolled the rock and rumbled the earth and turned the darkest Friday into the brightest Sunday. Do it again, Lord. Grant us a September Easter.

We thank you, dear Father, for these hours of unity. Disaster has done what discussion could not. Doctrinal fences have fallen. Republicans are standing with Democrats. Skin colors have been covered by the ash of burning buildings. We thank you for these hours of unity.

And we thank you for these hours of prayer. The Enemy sought to bring us to our knees and suc­ceeded. He had no idea, however, that we would kneel before you. And he has no idea what you can do.

Let your mercy be upon our President, Vice President, and their families. Grant to those who lead us wisdom beyond their years and experience. Have mercy upon the souls who have departed and the wounded who remain. Give us grace that we might forgive and faith that we might believe.

And look kindly upon your church. For two thousand years you’ve used her to heal a hurting world.

Do IT again, Lord. Do it again.

Through Christ, Amen.



© Max Lucado
... See MoreSee Less

Dear Lord,
 
We’re still hoping we’ll wake up. We’re still hoping we’ll open a sleepy eye and think, What a hor­rible dream.
 
But we won’t, will we, Father? What we saw was not a dream. Planes did gouge towers. Flames did consume our fortress. People did perish. It was no dream and, dear Father, we are sad.
 
There is a ballet dancer who will no longer dance and a doctor who will no longer heal. A church has lost her priest, a classroom is minus a teacher. Cora ran a food pantry. Paige was a counselor and Dana, dearest Father, Dana was only three years old. (Who held her in those final moments?)
 
We are sad, Father. For as the innocent are buried, our innocence is buried as well. We thought we were safe. Perhaps we should have known better. But we didn’t.
 
And so we come to you. We don’t ask you for help; we beg you for it. We don’t request it; we implore it. We know what you can do. We’ve read the accounts. We’ve pondered the stories and now we plead, Do it again, Lord. Do it again.
 
Remember Joseph? You rescued him from the pit. You can do the same for us. Do it again, Lord.
 
Remember the Hebrews in Egypt? You protected their children from the angel of death. We have children, too, Lord. Do it again.
 
And Sarah? Remember her prayers? You heard them. Joshua? Remember his fears? You inspired him. The women at the tomb? You resurrected their hope. The doubts of Thomas? You took them away. Do it again, Lord. Do it again.
 
You changed Daniel from a captive into a king’s counselor. You took Peter the fisherman and made him Peter an apostle. Because of you, David went from leading sheep to leading armies. Do it again, Lord, for we need counselors today, Lord. We need apostles. We need leaders. Do it again, dear Lord.
 
Most of all, do again what you did at Calvary. What we saw here on that Tuesday, you saw there on that Friday. Innocence slaughtered. Goodness murdered. Mothers weeping. Evil dancing. Just as the ash fell on our children, the darkness fell on your Son. Just as our towers were shattered, the very Tower of  Eternity was pierced.
 
And by dusk, heaven’s sweetest song was silent, buried behind a rock.
 
But you did not waver, O Lord. You did not waver. After three days in a dark  hole, you rolled the rock and rumbled the earth and turned the darkest Friday into the brightest Sunday. Do it again, Lord. Grant us a September Easter.
 
We thank you, dear Father, for these hours of unity. Disaster has done what  discussion could not. Doctrinal fences have fallen. Republicans are standing with Democrats. Skin colors have been covered by the ash of burning buildings. We thank you for these hours of unity.
 
And we thank you for these hours of prayer. The Enemy sought to bring us to our knees and suc­ceeded. He had no idea, however, that we would kneel before you. And he has no idea what you can do.
 
Let your mercy be upon our President, Vice President, and their families.  Grant to those who lead us wisdom beyond their years and experience.  Have mercy upon the souls who have departed and the wounded who remain.  Give us grace that we might forgive and faith that we might believe.
 
And look kindly upon your church.  For two thousand years you’ve used her to heal a hurting world.
 
Do IT again, Lord. Do it again.
 
Through Christ, Amen.

 

© Max Lucado
3 weeks ago
Legacy Deo

... See MoreSee Less

Load more

Investment Information

Read our investment policy statement here.

Legacy Deo is pleased to offer our clients five investment funds having distinct return objectives. Two cover the full spectrum of fixed income securities, two address different equity strategies, and one provides non-correlated assets as an alternative to traditional investments. Each fund is professionally managed by one or more firms in concert with our investment consultant, Graystone Consulting – a business of Morgan Stanley. Assets are held through our Morgan Stanley brokerage relationship.

A summary by investment fund is as follows:

ObjectiveInvestment TypesManagement Firm(s)
Fixed IncomeCorporate bonds
US Treasuries and agencies
Corporate asset-backed securities
Bond mutual funds
(all rated AAA to BBB)
Sage Advisory Services
Equity GrowthGrowth-oriented stocks
Equity ETFs
Janus Henderson
Lazard
PGIM
Equity DividendDividend-paying stocks
Equity ETFs
Bahl & Gaynor, Inc.
Cambiar Investors
Silvercrest Asset Management
Higher-YieldBond mutual funds
Real estate investment trusts
(some rated BB and below)
Various mutual fund families
Liquid AlternativesEnergy-sector MLP mutual funds
Global infrastructure
Managed futures
Alkeon Capital Management
KKR
Millennium International Ltd.
Shannon River Capital Management
Various mutual fund families

Allocation to these funds is dependent upon the objective of the underlying account, its distribution time horizon, and input from the accountholder. By varying the degree of allocation to the underlying funds, we are able to create portfolios that range anywhere from conservative to aggressive. Our investment philosophy is different than that of the typical individual investor, who tends to focus mainly on accumulation. Because Legacy Deo is in a perpetual phase of distribution, our orientation is toward long-term capital preservation and reasonable risk-reward tradeoffs.