Beyond a Gift In Your Will
Explore more giving tools
“But who am I, and who are my people, that we should be able to give as generously as this? Everything comes from you…”
Once your will is up to date, there are other opportunities to use your resources to support causes close to your heart. Here are some tools to consider based on your unique situation.
Donor Advised Funds
I want to include my family in my giving.
A personal giving fund, known as a Donor Advised Fund (DAF), is the fastest growing charitable giving vehicle and may be just what you’re looking for. It’s a simple way to give cash, real estate, stocks, mutual funds, or commodities and allows you the flexibility to distribute gifts over time.
Charitable Gift Annuities (CGAs)
I want to make a significant gift
and earn income at the same time.
A Charitable Gift Annuity (CGA) may be a good fit for you. CGAs are a simple arrangement that involves a charitable gift and ongoing income. You make a gift—part of which is tax deductible—and receive fixed payments each year for the rest of your life. At the end of your life, the remainder of your charitable gift goes to support our work.
Giving Appreciated Assets
I have assets like real estate, life insurance, stocks, mutual funds and property I’d like to give.
Retirement Assets
I’d like to use my retirement assets to support your work.
You have options when it comes to giving from your retirement assets.
Qualified Charitable Distributions (QCD) from a retirement account (also known as Charitable IRA rollovers) are a great way to make a charitable gift and save on taxes. Donors aged 70½ and older are eligible to make a distribution from their IRA directly to their favorite charities.
Donors aged 73 (age is raised to 75 by 2033) are required to take a minimum distribution from their IRA each year. This Required Minimum Distribution (RMD) can also be directed to a charity as a QCD. The QCD giving option is tax advantageous because you are not required to pay income tax on charitable withdrawals from these accounts, plus the sum you give will not be included in your adjusted gross income.
You can also designate Biblica as a primary or secondary beneficiary of your 401k, 403b, or Individual Retirement Account (IRA). With this option, at your death all remaining assets will be transferred to your chosen beneficiaries.
You have options when it comes to giving from your retirement assets.
Qualified Charitable Distributions (QCD) from a retirement account (also known as Charitable IRA rollovers) are a great way to make a charitable gift and save on taxes. Donors aged 70½ and older are eligible to make a distribution from their IRA directly to their favorite charities.
Donors aged 73 (age is raised to 75 by 2033) are required to take a minimum distribution from their IRA each year. This Required Minimum Distribution (RMD) can also be directed to a charity as a QCD. The QCD giving option is tax advantageous because you are not required to pay income tax on charitable withdrawals from these accounts, plus the sum you give will not be included in your adjusted gross income.
You can also designate Biblica as a primary or secondary beneficiary of your 401k, 403b, or Individual Retirement Account (IRA). With this option, at your death all remaining assets will be transferred to your chosen beneficiaries.
