Customizing Your Gift
Gifts can be made in all shapes and sizes. Lots of considerations, including timing, taxes, values, and life events can be part of the decision.
Cash, Check, or Credit Card
Cash, Check or credit card gifts are quick and easy ways to provide immediate funds for present needs or as contributions to designated funds.
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How We Serve the Church
Stock Gifts
Avoid capital gains tax with a gift of appreciated stock or mutual fund shares. The Foundation makes it easy to give stock to your church or other favorite United Methodist ministry. Or, you can use the proceeds to establish a charitable fund at the Foundation.
Bequest
Including a charitable bequest in your will or trust is a simple way to make a lasting gift. Leave a gift directly to your church or make you gift through the Foundation and establish a fund that benefits your church or other favorite United Methodist causes.
Charitable Gift Annuity
Creating a Charitable Gift Annuity allows you to arrange a generous gift to your church while providing a new income source you can rely on for the remainder of your life.
Charitable Remainder Trust
A Charitable Remainder Trust allows you to receive income for life. The remainder of your Trust will benefit your church, the Foundation, or any United Methodist organization you designate.
Endowments and Designated Funds
Make a lasting difference by creating your own endowment or designated fund at the Foundation. Benefit your local church or any other favorite ministry or charitable organization. You can start a fund today that starts building your legacy now or make arrangements as part of your long-term estate plans.
IRA Gifts
If you are over age 70.5 and have a traditional IRA (Individual Retirement Account), you may donate up to $100,000 annually directly from your IRA to your church or other charities without a tax penalty. There is no need to itemize and there is no income to you. In addition, the gift counts toward your required minimum distribution (RMD) – if applicable.
Donor Advised Funds
Donor Advised Funds are a convenient and tax-wise option for giving to your favorite United Methodist ministries. A Donor Advised Fund allows you to minimize your taxes by making charitable gifts to your fund and deciding later which charities will benefit from your gift.
Giving Grain
If you’re a cash-basis farmer, you can experience significant tax savings by donating grain directly to your church or other favorite United Methodist charity.
Real Estate / Personal Property
If you own appreciated real property (such as your home, vacation property, vacant land, farmland, ranch or commercial property), you can avoid paying capital gains tax by making a gift of that property to the Foundation, your church, or other United Methodist ministry.
Gifts Made Easy
The Missouri United Methodist Foundation can assist you in making your gift to any United Methodist church, organization or affiliated institution. This service of the Foundation is intended to assist those United Methodist charities that do not have the ability to readily receive and process gifts of securities.
The Foundation receives the security, sells it and sends the cash proceeds to your designated church or United Methodist charity.
A Wise Way to Give
The tax-saving advantages achieved by donating appreciated securities, allow many United Methodists to realize they can be more generous to their local church or United Methodist organizations than they could be with an after-tax gift of cash.
dtc & general stock transfer instructions
When you donate appreciated securities to your church or united methodist charity:
You may be able to deduct the fair market value of the securities as of the date of your gift. The income tax deduction may be taken for up to 30% of your adjusted gross income, or up to 50% if you elect to limit your deduction to your basis on your tax return. Any unused deductions may be carried forward and used for as many as five additional years.)
Gifts of Mutual Funds
Mutual fund shares that have appreciated in value are an excellent charitable gift with tax advantages similar to those of other appreciated securities. In many cases, mutual fund shares held in a brokerage account may be transferred directly to the Foundation’s brokerage account. However, mutual funds held directly with the mutual fund company may need special handling. Please notify our office of your intent to make such a gift.
Timely Consideration
Consider a gift of appreciated securities whenever you prefer not to incur capital gains tax, such as in these circumstances:
When you wish to upgrade your portfolio
Donate appreciated, low-dividend stock. Use your cash to buy stocks that pay higher dividends.
When you wish to increase your cost basis in a stock you intend to hold
Give your low-basis securities instead of cash and use your cash to purchase more of the same stock at current prices, thereby increasing your cost basis without incurring any capital gains tax.
When you want a higher yield
Create a Foundation Charitable Gift Annuity or Charitable Remainder Trust with low yield, highly appreciated securities. Your capital gain liability is either greatly reduced or eliminated, and you and/or another beneficiary receive annual income, frequently at a higher rate of return. You also get an immediate income tax deduction.
Other Important Considerations
For appreciated securities that you have held for less than one year and one day, only your cost basis is deductible.
For appreciated securities that you have held for less than one year and one day, only your cost basis is deductible.
Get a Brochure
This brochure summarizes the information on this page and can be ordered in bulk for use in your congregation on our Brochure Order page.
Remember your church or other
favorite ministry in your will or estate plan
A gift to the church through one’s will or estate plan can be a meaningful testament to one’s faith and an inspiration to family and friends.
Consider These Possibilities:
Tithe your estate.
Imagine that you have a child named “Charity” that will receive a portion of your estate similar to your other children or heirs.
Name your church as the “residuary beneficiary” of your estate.
Make a gift that will permanently endow your annual pledge to your church. (see endowment discussion below) (Rule of thumb: Gift amount x 5% = your annual pledge.)
Unrestricted Gifts
Many donors understand the need that charities have to respond to emerging needs and to direct funds where needed most. Unrestricted gifts afford the charity maximum flexibility in using funds to achieve the charitable mission. If an individual wishes to allow a charity to use their donation for purposes as needed, then the following language may be incorporated in a will or trust document:
Click the button below to see language you can incorporate into a will or trust document.
Sample Bequest language
(Describe a particular asset, a specific amount or a percentage of the estate) to the (Name of UM Church or Charity, followed by current address) for its charitable tax-exempt purposes, without restriction. If (Name of UM Church or Charity) does not exist at the time of distribution, then to (Name another UM Church or Charity) for its charitable tax-exempt purposes, without restriction.
Timely Consideration
Consider a gift of appreciated securities whenever you prefer not to incur capital gains tax, such as in these circumstances:
Sample Language for a Designated Use Bequest
For a general restriction, the following may be used:
[Describe a particular asset, a specific amount or a percentage of the estate] to the [Name of UM Church or Charity, followed by current address] (“Charity”) for [describe the purpose, such as a program, activity or project] (“Purpose”). If Purpose does not exist at the time of distribution, Charity shall use the distribution for one or more of its charitable tax-exempt purposes nearest to the original Purpose. If Charity does not exist at the time of distribution, then the distribution shall go to the Missouri United Methodist Foundation, Inc., (“Foundation”) PO Box 1076, Columbia, MO 65205-1076, to be used and administered for the Purpose or for a charitable tax-exempt purpose as near as possible to the original Purpose as determined by the Foundation Board of Trustees.
Sample Language for an Endowment
For an endowment restriction, the following may be used:
[Describe a particular asset, a specific amount or a percentage of the estate] to the [Name of UM Church or Charity, followed by current address] (“Charity”) for [Name of an existing endowment fund] (“Fund”). If Fund does not exist at the time of distribution, Charity shall establish an endowment for the purpose of receiving such a gift. If Charity does not exist at the time of distribution, then the distribution shall go to the Missouri United Methodist Foundation, Inc., (“Foundation”) PO Box 1076, Columbia, MO 65205-1076, to be used and administered as an endowment for the benefit of the charitable ministries of the United Methodist Church in Missouri as deemed appropriate by the Foundation Board of Trustees.
Talk & Consult
Often an endowment gift will include a desire to include a memorial name on the endowment. Naming a gift is itself a further restriction that can create unintended complications. For example, the inadvertent requirement to maintain separate records in perpetuity for a $1,000 endowment gift in memory of John Doe may not be practical. Therefore, many charities have minimum gift amount requirements in order to create named endowments. (The Foundation’s minimum gift requirement is $10,000.)
It is recommended that donors check with the intended charity to learn about minimum requirements before finalizing endowment restrictions. For gifts that do not meet the named endowment minimum, most charities offer other meaningful ways to provide memorial recognition.
All donors should consult with their own professional advisors to ensure that an estate plan meets their unique goals and complies with all legal requirements. The foregoing material is provided for general educational and informational purposes only. The Foundation does not provide legal, financial or accounting advice.
A gift that pays you income for life
The Missouri United Methodist Foundation can help you create a gift annuity that will ultimately benefit any United Methodist church, organization or affiliated institution. In January of 2024, the American Council on Gift Annuities recommended new, HIGHER payout rates – the highest in 16 years – so it’s a great time to create your gift annuity! In addition, new federal legislation allows eligible folks (age 70 1/2 +) to use IRA funds to create a gift annuity.
what are the benefits of creating a gift annuity?
- The personal satisfaction that your gift will nurture future generations in the Christian faith
- Fixed payments for life that are guaranteed by your Missouri United Methodist Foundation
- Tax deduction (must itemize)
- Partially tax-free payout
- Capital gains tax savings on gifts of appreciated stock or real property
- Note: A gift annuity funded from a one-time QCD from an IRA is not tax-deductible and all payments are taxable as ordinary income.
What is the minimum gift amount necessary to fund a gift annuity?
- First gift annuity: $10,000
- Subsequent annuities: at least $5,000
how is my payment determined?
- The number of annuitants creating the annuity (one or two)
- The age of the annuitant(s) when the annuity is created. The American Council on Gift Annuities publishes the rates that most major charities – including the Foundation – follow.
How will my annuity payments be taxed?
Annuity payment taxation is based on the type of asset used to create the annuity:
NEW - Gift of a Qualified Charitable Distribution (QCD) from an IRA – the payment is entirely ordinary income. This option is only available for folks over age 70 1/2, and it can only be done one time for an amount up to $50,000 per individual. (The amount will be indexed for inflation starting in 2024.)
You will receive a Form 1099 from the Foundation each year for your tax reporting purposes.
Gifts of Mutual Funds
Mutual fund shares that have appreciated in value are an excellent charitable gift with tax advantages similar to those of other appreciated securities. In many cases, mutual fund shares held in a brokerage account may be transferred directly to the Foundation’s brokerage account. However, mutual funds held directly with the mutual fund company may need special handling. Please notify our office of your intent to make such a gift.
Timely Consideration
Consider a gift of appreciated securities whenever you prefer not to incur capital gains tax, such as in these circumstances:
When you wish to upgrade your portfolio
Donate appreciated, low-dividend stock. Use your cash to buy stocks that pay higher dividends.
When you wish to increase your cost basis in a stock you intend to hold
Give your low-basis securities instead of cash and use your cash to purchase more of the same stock at current prices, thereby increasing your cost basis without incurring any capital gains tax.
When you want a higher yield
Create a Foundation Charitable Gift Annuity or Charitable Remainder Trust with low yield, highly appreciated securities. Your capital gain liability is either greatly reduced or eliminated, and you and/or another beneficiary receive annual income, frequently at a higher rate of return. You also get an immediate income tax deduction.
How do I get started?
While we often often complete this process by mail, a Foundation representative is always available to meet with you in person at any step in the process that is most helpful to you.
donor info cga charitable gift annuity application
Review the Donor Info and other information on this page.
Contact the Foundation to discuss. Based on your age, gift type, and approximate gift amount, we will send you a preliminary detailed illustration. We will also include copies of the application and Donor Information (see below).
Complete the application and return to the Foundation.
The date we receive your gift is the starting date for the gift annuity. Using that date, we will prepare another detailed illustration and a formal gift annuity agreement for your final review and approval.
Return your signed agreement. We will send you fully signed copies for your records.
Get a Brochure
This brochure summarizes the information on this page and can be ordered in bulk for use in your congregation on our Brochure Order page.
A Flexible Planning Tool:
Charitable Remainder Trusts (CRTs) come in two basic types described below. In designing a particular trust, many variations are possible to address specific planning needs. You should work closely with your professional advisor in designing a trust that is appropriate for your particular situation. The Foundation can provide sample documents, but your attorney must approve the formal trust instrument. We will be happy to work with you and your advisor.
CRTs are particularly useful for large gifts (i.e., in excess of $100,000) funded with highly appreciated property. The CRT is tax-exempt. Therefore, once the property is transferred to the trust, the trustee can sell the property with no capital gain liability. The full fair market value can then be reinvested by the trust in order to meet the income payment requirements. New in 2023, eligible individuals may make a one-time QCD from an IRA into a new CRT — contact the Foundation for more details.
Charitable Remainder Unitrust
A tax-qualified trust wherein the donor receives annual income equal to a stated percentage (not less than 5 percent) of the fair market value of the trust’s assets. The trust is revalued annually. Thus, if investment return on trust assets is greater than the unitrust payout rate, the beneficiary’s income will rise each year. Conversely, if investment return is less than the payout rate, payments will be made partly from principal, and beneficiary income will decline. The charitable income and estate tax deduction are equal to the fair market value of the assets transferred to the trust, less the present value of the projected income to be received by the beneficiary. A donor can make additional contributions to the trust from time to time.
Charitable Remainder Annuity Trust
A tax-qualified trust wherein the donor receives annual income of a fixed amount for the duration of the trust. The annual income stream is equal to a stated percentage (not less than 5 percent) of the fair market value of the trust’s assets at inception. Thus, annuity payments are fixed at the time the trust is funded. Donors cannot make additional contributions. Unlike charitable gift annuities where the donor is an unsecured general creditor of the charity, annuity trust payments come exclusively from the corpus of the trust, not from the charity.
There is, therefore, an upper limit to the amount of the annuity trust payments, if the trust is to be tax-qualified. There cannot be more than a 5 percent probability the trust will run out of money prematurely. If the annuitant lives beyond life expectancy, and the annuity rate is high relative to the trust’s investment experience, the trust can be depleted, and annuity payments cease. Income and estate tax deductions are similar to those of charitable remainder unitrusts.
The Foundation will serve as trustee for your charitable remainder trust provided the charitable remainder substantially benefits one or more ministries of the United Methodist Church in Missouri.
You will receive a Form 1041 Schedule K-1 from the Foundation each year for your tax reporting purposes.
Endowments and Designated Funds
MUMF is a steward of faith-filled legacies. Endowments are little Wesleyan engines – earning, saving, and giving all they can in perpetuity. The result is a growing fountain of resources for churches and other vital ministries. The saints that came before us who created these funds are still with us – helping to meet the challenges of this day, and to become the church that God imagines.
Review the lists – and think about the possibilities for your legacy…
Total Endowments and Designated Funds
Total value of endowments as of 12/31/2023 — $38,792,325
Individual donors create endowment funds at the Foundation in a variety of ways. The basic concept of an endowment is that the gift is invested and the earnings from the gift benefit one or more charities or charitable activities every year, forever. An endowment is a powerful tool for growing and sustaining ministry. In addition, an endowment can carry a memorial name that is a truly lasting tribute.
Total 2023 distributions from designated funds to charitable beneficiaries — $949,256
start your endowment today
An endowment is a charitable fund that provides a permanent source of income for your church or other favorite ministry(ies).
Your gifts to an endowment are not spent. Rather, the earnings from the endowment gifts are spent in support of ministry. If managed properly over time, the fund should grow to meet or exceed inflation and produce a growing annual income stream.
Designated funds are charitable funds that can be very similar to an endowment, or they can include instructions that change the timing, use, duration, or other aspects of how the fund is used for charitable purposes over time.
In other words, you can tailor a charitable fund in a number of ways, and we are happy to assist you in thinking through the possibilities.
Create your fund today
Creating a charitable endowment or designated fund at the Foundation is a wonderful way to ensure long-term support for the specific church, agency, institution or ministry of your choice.
Designations can target specific charitable uses or purposes and can be finite or perpetual in duration. It’s a great way to fund ministry today and to advance ministry for future generations.
To create a designated fund, the Foundation encourages a gift of at least $10,000, either initially or anticipated through total giving over a period of time (e.g., a bequest or the remainder from a charitable trust or gift annuity). Additional contributions of any amount may be made to funds already established.
When you are satisfied with the document, sign it and return it to the Foundation with your gift. A personal check can be mailed with the document. Contact the Foundation office for easy instructions for transferring a gift of appreciated stock. Gifts of real estate or personal property can also be wonderful gifts, but special rules and procedures for making such gifts may apply. Please contact the Foundation to discuss these types of gifts.
Create your fund in the future
Another way to create a designated fund is with a gift through your estate plans.
You can make provision in your will or trust document or through beneficiary designations on specific assets. Alternatively, you may contact the Foundation and set up a Memorandum of Understanding (MOU). The MOU document will describe your intended future gift to the fund through a testamentary arrangement, and the document will simply be kept on file at the Foundation office.
Sample language for a will or trust:
[Describe a particular asset, a specific amount or a percentage of the estate] to the Missouri United Methodist Foundation, Inc., (“Foundation”) office currently located in Columbia, Missouri, for the purpose of creating a permanent endowment fund (“Fund”) for the benefit of the Wesley United Methodist Church of Cityville, Missouri, (“Church”) or its charitable successor. The endowment fund shall be titled “The John and Jane Doe Charitable Fund” and distributions from the fund shall be for the general charitable purposes of the Church, without restriction. If the Church ceases to exist without a successor church, then the Foundation may use the Fund for purposes as near as possible to my original intent.
If you create an MOU, then the MOU can cover lots of administrative details. Your will or trust can just briefly state:
[Describe a particular asset, a specific amount or a percentage of the estate] to the Missouri United Methodist Foundation, Inc., (“Foundation”) office currently located in Columbia, Missouri, for the purpose of creating or adding to “The John and Jane Doe Charitable Fund” as described in a Memorandum of Understanding with the Foundation dated 11/23/2024 (as amended).
The use of the MOU is most useful if you wish to name multiple beneficiaries, designate specific uses, name alternate beneficiaries, or cover other matters that would be lengthy to include in a typical estate document. Furthermore, it is much easier to amend your MOU if you wish to make a change.
Contact David Atkins at the Foundation office to discuss your plans and to develop your MOU.
Ideas To Consider:
Tax rules favor IRA gifts
NOTE: Checks from your IRA should be made payable to the church or charity and sent directly from your IRA administrator.
Federal legislation authorizes direct distributions to charity from traditional IRAs for eligible persons. Persons over age 70 ½ may make gifts to charity directly from individual retirement accounts (IRAs) without including the distribution as personal income. The gift also counts as part of a donor’s required minimum distribution (RMD) if the RMD rules apply to the donor. (Note: The mandatory starting age for RMDs was recently increased. The change does not apply to folks who are already taking the RMD under prior rules.) As described below, an IRA charitable gift distribution must comply with certain rules to be a “qualified charitable distribution” (QCD)…
Requirements
- You must be at least age 70 ½ when the charitable distribution is made. (Note: This remains the eligibility age for a charitable distribution, even though the RMD age has increased. Confusing!)
- The law applies only to traditional IRA accounts. Other plans such as 401(k) or 403(b) plans do not qualify unless those assets are first transferred into an IRA account.
- The QCD(s) must be made directly from your IRA administrator to your church, UM organization or other favorite charity. (If you have check writing privileges on your IRA account, that should be treated as a QCD — but note the timing issue described elsewhere on this page.)
key Points
- Total QCDs are limited to $100,000 per taxpayer per year. If married and each spouse has an IRA, then each may gift up to $100,000 per year. (This will be indexed for inflation starting in 2024.)
- The gift counts toward your IRA annual required minimum distribution (RMD) – if applicable. (Your gift amount may exceed the RMD amount, but will not be counted as income to you so long as it does not exceed the annual limit of $100,000 and is not deemed basis in the account.)
- The gift distribution is excluded from your income for both federal and Missouri state income tax purposes. Therefore, you cannot deduct the gift on your income tax return — and no need to itemize!
- Your QCD may not be used to contribute to a private foundation, donor advised fund, or supporting organization.
- Since 2023, eligible persons may make a one-time QCD of up to $50,000 to fund a charitable gift annuity or a charitable remainder trust. The amount will be indexed for inflation. This option can only be used once. Contact the Foundation for further details.
- Be sure to request a proper gift receipt from your church or charity. (See below for a sample church IRA gift receipt letter.)
Avoid the year-end IRA gift trap!
Many large IRA administrators now offer IRA owners the option to write checks out of their IRA account. This means that when an eligible IRA owner wants to make a QCD gift to their church, they can just write a check from that account and mail it. It sounds simple. What could possibly go wrong?
The Problem
Donors are used to writing gift checks from a regular checking account near the end of the year and mailing them. So long as they are postmarked by December 31, the gift is a deductible charitable gift when mailed. This does not apply to IRA gifts that the donor wants to count as Qualified Charitable Distributions in the current year! The QCD rules require action by the IRA administrator, which means the date of gift is established when the IRA administrator transfers funds after the church deposits the check. If a donor mails an IRA check to their church in late December and the church does not cash it until early January, two things occur:
- The donor will not get credit for the distribution in the year they mailed it. The distribution will be a QCD in the new tax year.
- If the donor was counting on the distribution to meet their required minimum distribution in the current year, then they will have to pay a 50% penalty on the amount that was not distributed. That will be one unhappy donor!
Accordion Item 2 Title
- Churches: Remind your donors to make their charitable IRA rollover gifts several weeks before the end of the year.
- Churches and Donors: Alert the church office to deposit all checks promptly! This should be standard practice for the church, and donors can contact the church office to give them an extra heads-up that an IRA gift is coming.
Helpful Information & Resources
The preceding outline is provided for informational purposes only and is not intended as financial, tax or legal advice. Individuals will want to discuss this with their own professional advisers and IRA administrators. (Donors and church administrators may contact the Foundation for assistance and information at 800-332-8238 and/or download sample materials below)
donor sample ira distribution request letter - editable version sample church ira gift receipt - editable version sample letter from pastor/church leadership to donors - editable versionTo view information about Qualified Charitable Distributions from an IRA as posted on the IRS website, please follow this link: Publication 590-B (2019)
Get a Brochure
This brochure summarizes the information on this page and can be ordered in bulk for use in your congregation on our Brochure Order page.
A tax-wise way to give
The Foundation offers Donor Advised Funds as a convenient option for giving to your favorite United Methodist ministries. Establishing such a fund at the Foundation can minimize your taxes by allowing you to make charitable gifts to your fund anytime and decide later which charities will benefit from your gifts.
A convenient option for gifts to the church
You can establish a Foundation Donor Advised Fund with as little as $10,000. Gifts may be cash, securities or property, and you may make additional contributions of any size at any time. Each gift represents an unconditional, irrevocable charitable contribution and is not refundable. The Foundation conscientiously invests and administers your Fund, and the money is available for distribution to your church or United Methodist ministries you recommend at any time.
The annual distributions from Foundation Donor Advised Funds primarily benefit charitable organizations that are related to the United Methodist Church. Charities that are unrelated to the United Methodist Church, but that are compatible with the Church’s mission can be considered for a portion of annual fund distributions.
The benefits of a donor advised fund include:
You can make a gift to your fund at the time most convenient for you and receive an immediate charitable deduction.
You can decide later what charity(ies) you recommend to receive distributions, how much and when.
Earnings are credited and compounded tax-free so that more money may be available for your favorite charities.
You can pass on important values of service and caring for others by involving children or other family members in charitable gift recommendations.
You and others may add to your fund any time. All gifts will be acknowledged by the Foundation, and you will be advised of contributions received.
You will receive an annual statement of all contributions, distributions and fund earnings.
A donor advised fund is especially attractive when you have stock or real estate and:
You want to transfer the asset all at once and avoid having to accomplish multiple transfers of fractional shares to many different charities.
Get a Brochure
This brochure summarizes the information on this page and can be ordered in bulk for use in your congregation on our Brochure Order page.
Information & Assistance
The Missouri United Methodist Foundation can assist you in giving grain to any United Methodist church, organization or affiliated institution. For many cash-basis farmers, significant tax savings can be achieved by donating grain to their church or other favorite United Methodist charity
Key Points for Giving Grain
Unsold commodity
The gift should be from unsold crop inventory, with no prior sale commitment made prior to the gift.
Physical delivery
Be sure the gift is farm commodities, not warehouse receipts, which could be considered a cash equivalent. The charity must be able to demonstrate “control and dominion” over the gifted property.
No control
The farmer should provide no guidance in the transfer agreement as to the retention or sale of the gifted commodity.
Documentation
Either a properly executed warehouse receipt in the charity’s name, or a notarized letter of transfer for crops stored on the farm must be issued from the farmer. The original sales invoice should list the charity as the seller.
Storage & transportation costs
After the transfer, the charity should assume costs of storage, marketing and transportation.
Crop share leases
A share of a crop received as rental payment is considered the equivalent of cash rental income. Therefore, no savings (expense deduction) can occur.
Help for churches
Farmers should be aware that their church may not be familiar with receiving this type of gift. Contact the Foundation for assistance if needed.
Farmer must give up “control and dominion” over the grain
When a farmer delivers the grain to the elevator, a warehouse receipt showing the church as owner should be executed. (The church may want to create an account at the elevator in advance.) The church orders the sale of the grain, with the original sales invoice showing the church as the seller. The proceeds check is payable to the church. (The farmer should not provide advise to the church regarding sale of the grain.)
Tax Savings
Many farmers do not itemize deductions because the standard deduction has greatly increased over the years. Therefore, typical cash gifts to charity do not save additional taxes. However, by contributing grain directly to the charity, the cash-basis farmer.
- Avoids reporting the sale of the grain as income.
- Still includes the cost of growing the grain in expenses.
Get a Brochure
This brochure summarizes the information on this page and can be ordered in bulk for use in your congregation on our Brochure Order page.
A Tax Wise Gift
A gift of your real property (such as your home, vacation property, vacant land, farmland or ranch or commercial property) can make a great gift. If you own appreciated real property, you can avoid paying capital gains tax by making a gift to us.
Almost any type of real estate can be used to support our mission, and there are a number of ways to effectively use the property to benefit you and our organization. Whether your property is your home, an investment or commercial property or farmland, consider using it to support a cause important to you.
The True Value of the Land
When you transfer your home, buildings or land to us, we can begin using your property today or sell it and make use of the proceeds to further our cause. You will benefit from income and capital gains tax savings and receive the satisfaction of knowing your property is going to serve a noble purpose.
Benefits to Gifting Land
No more real estate taxes.
No more cost of ownership (maintenance, insurance, upkeep) or hassle of selling.
Unproductive land can be put to higher use.
Ways to give real estate
Here are some of the ways to make a gift of real property including land or other real estate:
Get a Brochure
This brochure summarizes the information on this page and can be ordered in bulk for use in your congregation on our Brochure Order page.
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