A legacy gift is a planned future gift that designates some part of an individual's estate as a donation to a nonprofit. Legacy gifts enable individuals to create a powerful philanthropic legacy by making a direct impact on the causes important to them. In some cases, legacy giving can be a source of funding from supporters who haven't had the ability to make a major gift during their lifetimes.
STOCKS & MUTUAL FUNDS
Did you know giving stock can be more beneficial than giving cash?
Donating gifts of stocks, mutual funds and treasury notes can be a smart gift plan. As an outright gift, appreciated long-term securities can be deducted at fair market value for federal-income-tax purposes and the BBFI Mission Office can sell the shares without paying capital gains taxes.
Donating gifts of stocks, mutual funds and treasury notes can be a smart gift plan. As an outright gift, appreciated long-term securities can be deducted at fair market value for federal-income-tax purposes and the BBFI Mission Office can sell the shares without paying capital gains taxes.
BUSINESS INTERESTS
When the time comes to transfer or sell your business, there are tax and practical reasons for including the BBFI Mission Office in the plan.
Many individuals and families accumulate wealth through the operation of a business. The business may be their largest asset and the best source from which to make a major or planned gift to nonprofits. Methods of making a charitable gift from a business or business interest depend on the form of the business organization.
To explore these giving options, please contact the Finance Office at 417-862-5001, or bgarrison@bbfimissions.com. You may also complete the contact form below.
Many individuals and families accumulate wealth through the operation of a business. The business may be their largest asset and the best source from which to make a major or planned gift to nonprofits. Methods of making a charitable gift from a business or business interest depend on the form of the business organization.
To explore these giving options, please contact the Finance Office at 417-862-5001, or bgarrison@bbfimissions.com. You may also complete the contact form below.
RETIREMENT ASSETS
Your IRA can be taxed up to 70% if passed on to heirs, but there is no tax when it is used as a gift to charity. If you are 70½ or older, you can transfer up to $100,000 each year directly from your IRA to charity and not recognize it as income. Best of all, it also counts toward your minimum required distribution from the IRA for the year.
To explore these giving options, please contact the Finance Office at 417-862-5001, or bgarrison@bbfimissions.com. You may also complete the contact formbelow.
To explore these giving options, please contact the Finance Office at 417-862-5001, or bgarrison@bbfimissions.com. You may also complete the contact formbelow.
PERSONAL PROPERTY
Give valuable assets that you no longer want to insure or maintain. You may get a deduction for your generosity. These gifts include, but are not limited to, vehicles, jewelry, precious metals, excess business inventory and real estate. By donating real estate, you can transfer the burden of managing the property, and remove a large asset from your taxable estate at the same time.
LEGACY GIFT
As you seek to leave a Christ-Centered Legacy that can impact generations please consider the BBFI Mission Office in your Estate Planning. You have a variety of creative ways to give such as including the BBFI Mission Office in your will or trust. The Mission Office can also be listed as a beneficiary on a Life Insurance policy.
To explore these giving options, please contact the Finance Office at 417-862-5001, or bgarrison@bbfimissions.com. You may also complete the contact form below.
To explore these giving options, please contact the Finance Office at 417-862-5001, or bgarrison@bbfimissions.com. You may also complete the contact form below.
What to Expect:
1. Select type of gift
2. Enter gift details
3. Receive email with donation instructions