GIVING
INSTRUMENTS
Outright
Gifts
Endowment
- Donor Advised Fund
| Endowment |
| Typical
Form of Gift |
- Cash
- Securities
- Real Estate
|
| Recommended
Size of Gift |
Minimum $100;
Must be at least $1,000 to pay out income |
Advantages
to Donor
(in addition to satisfaction of making a gift & reduction
of taxable estate) |
- 100% deductible
for income & estate tax purposes
- No capital
gain tax liability on most gifts
|
| Advantages
to Baptist ministries when given through the Baptist Foundation |
Earned income
is available for immediate use by named charities. |
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| Donor
Advised Fund |
| Typical
Form of Gift |
- Cash
- Securities
- Real Estate
|
| Recommended
Size of Gift |
$50,000 or more |
Advantages
to Donor
(in addition to satisfaction of making a gift & reduction
of taxable estate) |
- Charities
not selected in beginning but donor advises regarding principal
and income distributions from time to time
- 100% deductible
for income & estate tax purposes
- No capital
gains tax liability on most gifts
- Children can
participate in making requests
|
| Advantages
to Baptist ministries when given through the Baptist Foundation |
Provides substantial
present & future support for selected charities. |
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Life
Income Gifts
Charitable Remainder Unitrusts - Charitable
Remainder Annuity Trusts - Charitable Gift Annuity
| Charitable
Remainder Unitrusts |
| Typical
Form of Gift |
- Cash
- Securities
- Real Estate
|
| Recommended
Size of Gift |
$30,000 or more |
Advantages
to Donor
(in addition to satisfaction of making a gift & reduction
of taxable estate) |
- Variable income
that may provide hedge for inflation
- No capital
gains tax liability on sale of gifted property
- Tax deduction
when gift is made
- Excellent
for gifts of real estate & appreciated securities
- No probate
costs
- Include family
to "Give It Twice"
|
| Advantages
to Baptist ministries when given through the Baptist Foundation |
Provides substantial
future income for named charities. |
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| Charitable
Remainder Annuity Trusts |
| Typical
Form of Gift |
|
| Recommended
Size of Gift |
$20,000 or more |
Advantages
to Donor
(in addition to satisfaction of making a gift & reduction
of taxable estate) |
- Fixed income
- Tax deduction
in year gift is made
- No capital
gains tax liability on sale of gifted securities
- No probate
costs
|
| Advantages
to Baptist ministries when given through the Baptist Foundation |
Provides substantial
future income for named charities. |
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| Charitable
Gift Annuity |
| Typical
Form of Gift |
|
| Recommended
Size of Gift |
$3,000 or more |
Advantages
to Donor
(in addition to satisfaction of making a gift & reduction
of taxable estate) |
- Very secure
fixed income for one or two lives
- Tax deduction
when gift is made
- Partial bypass
of capital gains liability
- Portion of
payment is tax-free
|
| Advantages
to Baptist ministries when given through the Baptist Foundation |
1/2 of remaining
asset provides endowment for named charities
1/2 or remaining
asset provides gift to support work of the Baptist Foundation |
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Family
Charitable Lead Trusts
| Family
Charitable Lead Trusts |
| Typical
Form of Gift |
- Cash
- Securities
- Real Estate
|
| Recommended
Size of Gift |
$100,000 or more |
Advantages
to Donor
(in addition to satisfaction of making a gift & reduction
of taxable estate) |
- Allows property
to be passed to family with little or no shrinkage due to taxes
- Estate/gift
tax deduction
|
| Advantages
to Baptist ministries when given through the Baptist Foundation |
Provides immediate
income to named charities for period of at least ten years. |
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Revocable
Charitable Trusts
| Revocable
Charitable Trusts |
| Typical
Form of Gift |
|
| Recommended
Size of Gift |
$25,000 or more |
Advantages
to Donor
(in addition to satisfaction of making a gift & reduction
of taxable estate) |
- All or part
of amount placed in trust is available if needed by donor
- Removes work
& worry of managing assets
- No probate
costs
- Professional
money management
|
| Advantages
to Baptist ministries when given through the Baptist Foundation |
Very high percentage
of revocable trusts are not revoked, thus giving promise of future
funding for named charities. |
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Insurance
Policies
| Insurance
Policies |
| Typical
Form of Gift |
|
| Recommended
Size of Gift |
Unlimited |
Advantages
to Donor
(in addition to satisfaction of making a gift & reduction
of taxable estate) |
- Donor gets
income tax deduction for any cash value of policy when transferred
- Premium payments
may be deducted as charitable gifts
- Donor can
make large gift in future at smaller cost now
|
| Advantages
to Baptist ministries when given through the Baptist Foundation |
Upon death
of insured, Baptist Foundation will receive full value of policy
for income support of named charities.
If paid-up policy
or if policy has substantial cash value, Baptist Foundation may
cash in policy to provide immediate income support of named charities. |
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At
Death Gifts
Retirement Plans - Bequests
| Retirement
Plans |
| Typical
Form of Gift |
- Name Baptist
Foundation on beneficiary designation form
|
| Recommended
Size of Gift |
Unlimited |
Advantages
to Donor
(in addition to satisfaction of making a gift & reduction
of taxable estate) |
- Trust gift
for family can provide significant estate & income tax benefits
- eliminate double taxation
- Endowment
gift for Christian ministries provides 100% income & estate
tax deduction
- No probate
costs
|
| Advantages
to Baptist ministries when given through the Baptist Foundation |
Trust gift
provides substantial future income for named charities.
Endowment gift
provides income to named charities beginning at donor's death. |
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| Bequests |
| Outright
gifts may be made through the last will and testament to the Baptist
Foundation to establish a permanent endowment for the benefit of one
or more Baptist ministries. All forms of life income gifts shown above
may be made in testamentary form to benefit family first and then
become available for the benefit of named Baptist ministries thereby
utilizing the "Give It Twice" concept. |
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