ABCs of Giving
Gifts of Cash
Unlike other methods of giving, cash gifts provide immediate benefits to
organizations you support and are especially meaningful to us at this time.
Gifts of cash are tax deductible in the current year (up to 50% of your
adjusted gross income with a five-year carry-over of any unused portion)
if the gift is received by December 31, of the given year.
Life Income Plans
Many giving options allow you to make a gift contribution and still receive
an income for life from your giving plan. Life Income Plans such as gift
annuities or charitable trusts can provide unique tax and income advantages
and can be designed to meet your individual needs. Please contact us for
specific information regarding the benefits you can receive from a
Life Income Plan.
Estate Planning
You may also support Trinity Life Bible College through your will or
estate plan. Gifts made through your will or living trust can provide
considerable future tax benefits which allow more of your assets to
pass on to those you care about. We will be happy to assist with more
information regarding your estate planning needs.
Appreciated Gifts
Charitable gifts and Appreciated securities such as stocks, bonds, or
mutual funds, held longer than seven months, can be deducted at their
full market value and avoid capital gains tax.
Real estate gifts are transferred in the same way as appreciated securities and allow for deductions at there full market value of the property. Capital gains tax can be avoided in most instances, but appraisals are needed to fully deduct the transfer of your gift.
Gifts-In-Kind are items given for the use through a program or project. Automobiles, trucks, boats, clothing, medical supplies, food or building material may be fully deductible, depending on the type of gift.
Tangible personal property related to Trinity Life Bible College’s tax-exempt purposes and uses, can be fully deductible at their full market value. However, gifts that are not related to our tax-exempt purposes will be a limited deduction on the cost basis.
It's Never Too Late to Care
Popular year-end giving opportunities available to you can achieve your
charitable giving goals, while maximizing your current tax benefits.
Take advantage of this tax-saving opportunity by making a generous gift today.
Now is the time to show your interest in Trinity Life Bible College.