Helping You Give to Advance the Kingdom
The Louisiana Baptist Foundation not only encourages and educates on the importance of gift planning and the various advantages of making gifts, but we also assist individuals with facilitating gifts to their church or other ministries to advance the Kingdom. Through our gift planning services, you can learn about the various assets you can give and the ways in which you can give to support your church or other ministries.
Charitable Gift Annuities, Charitable Remainder Trusts, and other gift scenarios offer income and tax benefits.
Our Planned Gifts Calculator can illustrate the advantages of these types of gifts.
Cash
The most common way to make an immediate gift is by writing a check or giving cash. This type of gift provides immediate liquidity for charity and generates a charitable income tax deduction for the donor in the year of the gift.
Stocks, Mutual Funds, EFTs, Bonds
Giving securities may provide greater tax benefits than donating cash. If you have owned securities for more than one year and the fair market value has increased since you purchased them, you can avoid capital gains tax and receive a charitable income tax deduction equal to the fair market value.
Real Estate
A gift of real estate that has appreciated in value and has been held for more than a year also has the advantage of providing you with a charitable deduction based on the current fair market value, as well as bypassing capital gains tax on the growth.
Insurance Policies
Naming a ministry as the beneficiary of an insurance policy is one of the easiest ways to make a charitable gift. You also may donate a permanent life insurance policy for the benefit of the organization. Your insurance agent can help with details.
Retirement Funds
If you are at least 70 1/2 years of age, you should consider making a qualified charitable distribution (QCD) from your IRA to your church or other ministries now. A QCD (also known as a charitable rollover) is a tax-free distribution from your IRA that satisfies the required minimum distribution rules and is excluded from your taxable income.