Additional Ways to Give to The Outreach Foundation
God has generously given us every good gift and we have the choice to give back in response to those rich blessings. Giving to The Outreach Foundation in any form is an act of faith whereby we put into action our spiritual inclinations and demonstrate our generosity and spiritual values, both now and for future generations. Supporting The Outreach Foundation is a tangible affirmation of faith in Jesus Christ, and it is a special opportunity for us to express trust in our Lord that He will use our thoughtfully and faithfully given gifts to expand His Kingdom.
What you will find below are different alternative giving options aside from a cash donation. If you have any questions about any of the following gift options, please call us at 615-778-8881 or email Ralph Wheeler via the button below.
Donor-Advised Funds
The donor advised fund is like a charitable giving account that can help you give more simply and more efficiently.
When you donate to your donor advised fund, your contribution is eligible for a tax deduction, just like any IRS-qualified charitable organization. From the accumulated balance in your charitable fund, you can make grant recommendations to almost any public charitable organization. You can recommend how much to send and when. You might even schedule recurring gifts or a major gift on a future date.
Qualified Charitable IRA Distribution
Donors 70 ½ or older can make a tax-wise gift directly from your IRA to a qualified charitable organization. This gift opportunity is known as the Qualified Charitable Distribution, and it can have a real impact here at The Outreach Foundation.
This opportunity is appealing to many because the IRA distribution does not come to you the taxpayer, so it avoids unnecessarily increasing your taxable income. In addition, the charitable distribution may qualify as part or all of your annual Required Minimum Distribution, which is the annual withdrawal that you are required to take when you reach a specific age.
Gifts of Stock
Giving in sensible and effective ways may help minimize your tax-burden and stretch your charitable dollars.
A gift of appreciated securities provides meaningful support for The Outreach Foundation and may offer you benefits of reduced tax liability. When you make a gift of appreciated securities, which you have held for more than 12 months, you may avoid the long-term capital gains tax and may deduct the full fair market value of the securities you give.
Gifts of appreciated securities include stocks, bonds, or mutual fund units. The following are some ways that securities held long-term (more than 12 months) can offer potential tax savings:
Eliminating the capital gains tax on the appreciation that would have been due had you sold the securities on the open market and then donated the proceeds.
Claiming a charitable deduction against up to 30% of your adjusted gross income. Deduction amounts exceeding this limit may be carried forward over the next four years.
To achieve these benefits, your securities must be transferred to The Outreach Foundation, not sold, redeemed or exchanged. If they are sold from your account, the gift becomes a cash gift rather than a gift of securities, and you will personally realize any capital gains.
If you are considering a gift of securities that have decreased in value since purchase, it may be more advantageous for you to sell them and then claim the loss on your tax return, and then contribute the cash proceeds for a charitable deduction.
Gifts of Real Estate/Land
An outright gift of real estate to The Outreach Foundation can have a dramatic impact on our mission for many years into the future. If the property has appreciated in value and you have held the property for more than 12 months, you may be eligible for a federal income tax deduction, may avoid the capital gains tax on the appreciation, and will remove the property from your taxable estate. Plus you no longer have the burden of property maintenance, property tax, insurance and other aspects of property ownership.
Aside from giving the property "outright" today, there are other ways you might consider making a gift of property:
Retained Life Estate: You can deed your real estate to The Outreach Foundation, receive current tax benefits and still make full personal use of your real estate for the rest of your life. Under this arrangement, you continue responsibility for all maintenance, insurance and taxes until possession transfers to The Outreach Foundation after your lifetime. Your current tax deduction is based on the fair market value of your home minus the present value of the life tenancy you have retained.
Charitable Remainder Trust: Your real estate can fund a charitable unitrust that will pay you an income for life.
Testamentary: Through your will or trust, you may direct the transfer of your property to The Outreach Foundation. As a testamentary gift, the real estate transfer and any resulting tax benefit occurs after your lifetime; there is no current tax benefit, although some may be realized later. In case your family's circumstances change, you can change your will or trust and direct the real estate where it is needed.
Planned Gift
A will represents a person's final wishes and intentions. After providing for your loved ones, please consider one final act of generosity through a bequest in your will or living trust that provides enduring support for our vital work. For many of us, this will be the most significant gift we will make - our gift of a lifetime.
Tools to Make a Bequest
If you have not done so, you need to make a will or a living trust instrument. This is a significant and important undertaking. If you have a will or living trust, you may see your attorney to make an amendment.
Types of Bequests
Specific Bequest: You may leave a specific asset or assets, such as real estate, securities or a specific dollar amount.
Percentage Bequest: You may leave a specific percentage of your overall estate to The Outreach Foundation.
Residuary Bequest: You may gift the remaining balance of the estate after all specified distributions are made and all obligations have been satisfied.
Contingent Bequest: A contingent bequest is one that takes effect only if the primary beneficiary or beneficiaries of the bequest are unable to accept the bequest. Usually this means that the primary beneficiary does not survive the benefactor or else disclaims the property. By naming The Outreach Foundation as contingent beneficiary, we would receive your generous bequest only if the purpose of the primary bequest cannot be met.
A planned gift of any type allows you to be apart of our Great Commission Society, see below to find out more about the Great Commission Society.
We rejoice at the faithfulness of God’s people through the ages. Today, you can help ensure His Kingdom work will continue for generations to come through a planned gift to The Outreach Foundation. THE GREAT COMMISSION SOCIETY was established to recognize those leaving a legacy gift to The Outreach Foundation. Your bequest encourages others in their faith while honoring your own.
Making a bequest is an easy process. It only requires a few sentences in your will or living trust. Gifts can be in the form of cash, real estate, securities, business interests, property, or life insurance. You may also continue to generate income through gift annuities, charitable remainder trusts, and other similar instruments while benefiting The Outreach Foundation in doing God’s work.
You can include specific instructions on the focus of your gift. And, it can be changed at any time during your lifetime.
Bequests are a special way to be even more involved in the work of The Outreach Foundation. Some of our donors are limited as to what they can support during their lifetime, but a bequest is a unique way of fulfilling their desires to be even more generous.
Making a Difference
We have been blessed in our lifetimes. Planned gifts are a way to demonstrate gratitude for what God has done in our lives and to make a difference in the lives of others.
Contact us at (615) 778-8881 or email Ralph Wheeler using the button below. We appreciate the opportunity to talk with you and answer questions in strict confidence.
Please note that The Outreach Foundation does not provide legal advice. Please consult your attorney or financial advisor.