First Presidency explains role of foundation
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The following letter from the First Presidency was mailed to priesthood leaders in the United States and Canada April 12, 1999:
"From time to time, members of the Church inquire as to how they might donate beyond the normal contributions made through the ward. Operating under the direction of the Presiding Bishopric, the LDS Foundation was established by the First Presidency to receive such gifts. Outright gifts, or gifts through wills or living trusts, as well as tax-advantaged charitable trusts that provide an income during the life of the donor may be made to the Church through LDS Foundation. These gifts may be in the form of real or personal property, securities, or cash. LDS Foundation representatives are available to assist members and their financial advisors to understand these options and the many Church programs to which they might donate.
"Those interested in taking advantage of the services at LDS Foundation in order to make such donations should be referred to the Foundation at 1-800-453-3860, extension 5567, or 1-801-240-5567. In addition, Deseret Trust Company, established by the Church in 1972, works closely with LDS Foundation and donors in managing charitable trusts and annuities where the Church is the recipient benefactor. Deseret Trust Company provides professional administration of charitable trusts and may be reached at 1-801-363-2991."
