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Smarter Ways to Give
Increase the Impact of Your Generosity Through Planned Gifts
Planned gifts offer you smart and powerful ways to increase the impact of your gifts to Bible League International often while benefiting your family, too. By understanding the available options, you can multiply the results of your generosity in ways that are simple, flexible, cost-effective and powerful.
Types of Planned Gifts
» Giving Stock, Real Estate or Other Assets
Most charitable gifts to Bible League International are given in the form of cash because this is so familiar. However, this may not be the most cost-effective way for you to give. You can increase your potential impact and experience significant tax savings by giving non-cash assets.
Examples of Non-Cash Assets
Stock or marketable securities
Real estate
Business interests
Farm commodities
Life insurance
Retirement benefits, such as Gifts From Your IRA
Benefits of Giving Non-Cash Assets
Tax-wise. Receive a fair market value deduction at the time of your gift and avoid tax liability on the sale of appreciated assets.
Eliminate hassles. Give assets you no longer need or want to manage (such as rental properties of vacation homes) for the benefit of Bible League International.
» Gifts From Your IRA
If you are 70 ½ or older, you can make a sizable gift from an individual retirement account (IRA) to Bible League International AND reduce your taxable income.
Benefits of Giving From Your IRA
Convenient. An easy way to give to Bible League International
Tax-wise. Distributions made directly to charity are not treated as taxable income. This is advantageous even if you don’t itemize deductions on your tax returns!
Promises kept. Gifts from your IRA can be used to fulfill any charitable giving pledges previously made.
Impactful. Gifts are tax-free to Bible League International. The entirety of your gift will go toward ministry!
Requirements of a Qualified Charitable Distribution
You can give from your IRA to ministry without any federal tax liability, as long as the gifts are qualified charitable distributions (QCDs). Distributions qualify for all or part of your required minimum distribution (RMD).
IRA holders must be age 70 ½ or older at the time of the gift.
Give up to $100,000 per year as a single person or $200,000 per year as a married couple from separate accounts.
Gifts must be outright gifts made directly to a charitable organization.
Distributions to donor-advised funds, charitable trusts or for charitable gift annuities are not permissible.
Distributions may only be made from traditional IRAs or Roth IRAs; other retirement accounts are not eligible.
» Gifts in a Will
When you give a gift (also known as a “bequest”) to Bible League International in your will or trust, you model to your loved ones a legacy of generosity. You also help ensure that Bible League International will continue to make a difference well beyond your lifetime.
Benefits of Gifts in a Will
Legacy. Extend the impact of your generosity well beyond your lifetime.
Availability. Retain access to your God-given resources for the remainder of your lifetime, or for as long as you need them.
Capacity. You can potentially make the largest gift you’ll ever have the ability to give.
» Gifts That Pay You Income
A lifetime income gift such as a charitable gift annuity or charitable remainder trust is a wonderful solution if you wish to give to Bible League International in a substantial way, but are concerned about having enough retirement income.
You can give cash or other property, and receive steady income for the rest of your life (or a designated number of years). The remainder will benefit Bible League International.
Benefits of Lifetime Income Gifts
Win-win. Support Bible League International while securing income payments for life or a designated number of years.
Eliminate hassles. Give assets you no longer need or care to manage (such as rental property or vacation homes) to benefit God’s Kingdom.
Tax-wise. Receive an immediate income tax deduction at the time of your gift and reduce capital gains tax when funding your gift with appreciated assets.
» Donor-Advised Fund
Donor-advised funds provide you with a simple, flexible and tax-efficient giving opportunity. Receive an immediate tax deduction when you deposit cash or proceeds from appreciated assets into a single charitable giving account. Then, recommend grants be made to Bible League International and your other favorite charities at a time that works best for you.
Through Bible League International's membership with Barnabas Foundation, you have complimentary access to the “Stewards Fund,” a donor-advised fund that reflects your biblical values.
Timing. Receive an immediate tax deduction at the time you make a gift into the Stewards Fund. Then, at a time that works best for you, advise Barnabas Foundation how you wish your gifts to be distributed to Bible League International and other ministries close to your heart.
Flexibility. Grants can be requested at any time of the day using Barnabas Foundation’s convenient online grant system. You may choose to give in one-time or recurring increments, and you may choose to designate your gift to meet specific organizational needs at Bible League International.
Simplicity. Simplify your giving and record-keeping by making all gifts of cash, stocks or appreciated assets from a single account.
Privacy. You can choose to make any or all grants to Bible League International anonymously.
Expertise. Benefit from the knowledge and expertise of Barnabas Foundation staff who will manage and liquidate your non-cash asset gifts.
Cost-effective. Many families choose to use their Stewards Fund account as a cost-effective alternative to establishing a private foundation.
Barnabas Foundation
Bible League International partners with Barnabas Foundation to offer our supporters complimentary planning services and assistance with complex gifts.
Since 1976, Barnabas Foundation has helped thousands of individuals and families give more effectively to the ministries close to their hearts. They’ll help you accomplish the greatest good with your generosity—for your family and for God’s Kingdom—through tax-wise charitable giving. Go here to learn more about Barnabas Foundation.
Learn More
Discover smart and powerful ways to increase the impact of your generosity. Call Jim Prock at 405-205-8343 or email [email protected].
