Friday, February 19, 2010 | Last Updated Thursday, February 25, 2010 14:57 Pacific/Honolulu
Choose the right gift
Choose the Right Gift
Thank you for your interest in generously supporting the future ministries of your church or agency. We are available to help you plan your gift thoughtfully.Your gift can take multiple forms and can help you address a variety of personal financial goals. Following are questions for you to consider.
- Do you have instructions as to how your assets will be used after your death - a will or living trust?
- If you are considering a gift through your estate, would you like to see if giving during your lifetime suits your needs better?
- Do you have a particular asset that you are thinking of donating?
- Do you want to increase your retirement income, or is your primary goal estate preservation?
- Are you carrying excess life insurance or a large balance in your retirement plan?
- Do you want to give now or give later?
- Do you want a gift that pays you back?
Which Gift is Right for Me?
- Do you have appreciated securities? Using appreciated securities to make your gift delivers more tax benefits to you than using cash. — see Appreciated Securities in the Glossary
- You can donate real estate, business interests, rare books, collectibles, and artworks and receive a charitable deduction for their appraised market value. — see Appreciated Assets in the Glossary
- Are you interested in helping guarantee the church's future financial strength without affecting your assets or your financial security during your lifetime? see Charitable Gift Annuities in the Glossary
- Do you have surplus life insurance coverage? You can put it into a charitable gift or create an endowment from your income rather than principal. see Gifts of Life Insurance in the Glossary to add Life Insurance to Your Gift
- Life-income gifts offer one of the most significant tax benefits that the IRS still provides to individuals. see Gifts in Partnership in the Glossary