Planned Giving
Smarter Ways to Give
Smart and Powerful Giving
Increase the Impact of Your Generosity Through Planned Gifts.
Planned gifts offer you smart and powerful ways to increase the impact of your gifts to Teen Missions – often while benefiting your family, too.
Request your free copy of “Smart and Powerful Giving: Increase Your Impact Through Planned Gifts.”
Types of Planned Gifts
Most charitable gifts to Teen Missions International are given in the form of cash because this is so familiar. However, this may not be the most cost-effective way for you to give.
You can increase your potential impact – and experience significant tax savings – by giving non-cash assets.
Examples of Non-Cash Assets
• Stock or marketable securities
• Real estate
• Business interests
• Farm commodities
• Life insurance
• Retirement benefits, such as Gifts From Your IRA
Benefits of Giving Non-Cash Assets
• Tax-wise. Receive a fair market value deduction at the time of your gift and avoid tax liability on the sale of appreciated assets.
• Eliminate hassles. Give assets you no longer need or want to manage (such as rental properties or vacation homes) for the benefit of Teen Missions International.
If you are 70 ½ or older, you can make a sizable gift from an individual retirement account (IRA) to Teen Missions International AND reduce your taxable income.
Benefits of Giving From Your IRA
• Convenient. An easy way to give to Teen Missions International.
• Tax-wise. Distributions made directly to charity are not treated as taxable income. This is advantageous even if you don’t itemize deductions on your tax returns!
• Promises kept. Gifts from your IRA can be used to fulfill any charitable giving pledges previously made.
• Impactful. Gifts are tax-free to Teen Missions International. The entirety of your gift will go toward ministry!
Requirements of a Qualified Charitable Distribution
You can give from your IRA to a ministry without any federal tax liability, as long as the gifts are qualified charitable distributions (QCDs). Distributions qualify for all or part of your required minimum distribution (RMD).
• IRA holders must be age 70 ½ or older at the time of the gift.
• Give up to $100,000* per year as a single person or $200,000* per year as a married couple from separate accounts.
• Gifts must be outright gifts made directly to a charitable organization.
• Distributions to donor-advised funds, charitable trusts or charitable gift annuities are not permissible.
• Distributions may only be made from traditional IRAs or Roth IRAs; other retirement accounts are not eligible.
• You can give a one-time qualified charitable distribution (or multiple QCDs within a single year) totaling no more than $450,000 to fund a life income gift.
*This limit will be indexed for inflation, beginning in 2024.
Gifts in a Will
When you give a gift (also known as a “bequest”) to Teen Missions International in your will or trust, you model to your loved ones a legacy of generosity. You also help ensure that Teen Missions International will continue to make a difference well beyond your lifetime.Benefits of Gifts in a Will
• Legacy. Extend the impact of your generosity well beyond your lifetime.
• Availability. Retain access to your God-given resources for the remainder of your lifetime, or for as long as you need them.
• Capacity. You can potentially make the largest gift you’ll ever have the ability to give.
Give Wisely
A lifetime income gift – such as a charitable gift annuity or charitable remainder trust – is a wonderful solution if you wish to give to Teen Missions International in a substantial way, but are concerned about having enough retirement income.
You can give cash or other property, and receive steady income for the rest of your life. The remainder will benefit Teen Missions International.
Benefits of Lifetime Income Gifts
• Win-win. Support Teen Missions International while securing income payments for life or a designated number of years.
• Eliminate hassles. Give assets you no longer need or care to manage (such as rental property or vacation homes) to benefit God’s Kingdom.
• Tax-wise. Receive an immediate income tax deduction at the time of your gift and reduce capital gains tax when funding your gift with appreciated assets.
Donor-advised funds provide you with a simple, flexible and tax-efficient giving opportunity. Receive an immediate tax deduction when you deposit cash or proceeds from appreciated assets into a single charitable giving account. Then, recommend grants be made to Teen Missions International and your other favorite charities at a time that works best for you.
Through Teen Missions International’s membership with Barnabas Foundation, you have complimentary access to the “Stewards Fund,” a donor-advised fund that reflects your biblical values.
Benefits of Using the Stewards Fund
• Timing. Receive an immediate tax deduction at the time you make a gift into the Stewards Fund. Then, at a time that works best for you, advise Barnabas Foundation how you wish your gifts to be distributed to Teen Missions International and other ministries close to your heart.
• Flexibility. Grants can be requested at any time of the day using Barnabas Foundation’s convenient online grant system. You may choose to give in one-time or recurring increments, and you may choose to designate your gift to meet specific organizational needs at Teen Missions International.
• Simplicity. Simplify your giving and record-keeping by making all gifts of cash, stocks or appreciated assets from a single account.
• Privacy. You can choose to make any or all grants to Teen Missions International anonymously.
• Expertise. Benefit from the knowledge and expertise of Barnabas Foundation staff who will manage and liquidate your non-cash asset gifts.
Barnabas Foundation
Since 1976, Barnabas Foundation has helped thousands of individuals and families maximize the effectiveness of their generosity through tax-wise charitable giving. They’ll help you develop a charitable plan that honors God, provides for your family and supports the ministries close to your heart.
Learn More
Discover smart and powerful ways to increase the impact of your generosity. Call Shonn Patrick Foy
at (321) 453-0350 or email [email protected].
