Gifts That Anyone Can Make

Gifts That Anyone Can Make

Reduce Your Taxes While Achieving Kingdom Impact

If you have appreciated stock or other securities you’ve owned for at least a year, you can receive a double tax benefit by donating the stock to Biglife. Not only will you receive a tax deduction for the fair market value of the stock, but you’ll also avoid paying capital gains tax. For many people, this makes giving appreciated stock a more cost-effective option than giving cash.

SEE THE BENEFITS

Gift of Appreciated Stock vs. Gift of Stock Sale Proceeds
Example comparison

Tom purchased shares of an up-and-coming business for $4,000. After five years, it is now worth $20,000—a growth of $16,000.

Sell and give proceeds to Biglife

If Tom sells the stock shares for $20,000, he must pay taxes on the $16,000 gain.

20% tax on $16,000 = $3,200 taxes due

Gift to Biglife = $20,000 – $3,200 = $16,800

*Assumes 20% capital gains tax
Give Stock to Biglife

But if Tom gifted the stock shares instead of selling first:

  1. No tax is owed
  2. Biglife would receive $20,000 worth of stock
  3. Tom can deduct the $20,000 off his tax return

This information is not intended as tax, legal or financial advice. Gift results may vary. Consult your financial advisor and legal counsel for information and advice specific to your situation.

When gifting stock make sure to complete a Gifting Securities Form to ensure your shares are appropriately sent from your account to Biglife.

Benefits of Giving Stock

Achieve greater Kingdom impact without reducing cash flow.

Receive an income tax deduction for the fair market value.

Avoid capital gains tax.

Frequently Asked Questions

What are the benefits of a gift of securities?

There are a few benefits you will receive when giving appreciated securities that makes doing this a very charitable and rewarding experience. First, you’ll receive a charitable income tax deduction equal to the fair market value of the shares, no matter what you initially paid for them. Second, you will pay no capital gains tax on the transfer.

How do I arrange for a gift of my stock?

it’s important that you contact us so we can provide proper transfer instructions. If you own securities in a brokerage account, we can help you arrange an electronic transfer of shares to our brokerage account. If you possess actual stock certificates, we can tell you how to sign the certificates over to Biglife and fill out a stock power form.

Can I give shares of a mutual fund?

Yes, you can. We will work with the administrators of your fund to coordinate the transfer.

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Help provide hope and resources to those who need it most.

Gifts That Anyone Can Make

Extend Your Impact for Generations to Come

By making a gift to Biglife in your will, you model to your loved ones a steadfast commitment to financial stewardship, charitable giving, and building God’s Kingdom. You also help to ensure Biglife continues to empower believers worldwide to reach and disciple their own people for Jesus Christ well beyond your lifetime.

Language for your Will

“I give to Biglife, a nonprofit ministry with its principal offices located at P.O. Box 110431 Naples, FL 34108 [the sum of $ ___] OR [___% of the residue of my estate], to be used [for its general purposes] OR [(Designated Purpose). If, in its opinion, the need for funds for the designated purpose no longer exists, Biglife is authorized to use these funds for a similar purpose.].”

Frequently Asked Questions

Do I really need a will?

For many Christians, a will serves as an expression of their belief that God owns everything and wants us to properly steward those resources entrusted to us. Writing a will speaks powerfully to future generations about what matters most to you!

 

Having a will may be helpful for…

 

  • Reducing taxes
  • Giving to your favorite ministries in substantial ways
  • Minimizing family disputes
  • Providing for a family member with special needs
  • Transferring a family farm or business
  • Avoiding probate expenses and delay

What happens if I die without a will or have an invalid will?

Some sixty percent of American lack will or estate planning. This is unfortunate because in most cases, state laws will determine how your property is distributed upon your death—often in ways that you would not choose. You won’t be able to provide additional help to family members in need, bless friends who have been close to you, or help charities that have meant much to you during your lifetime.

How can I make a bequest to Biglife?

You can give a specific amount of money or an item of property to Biglife. Or you can donate a percentage of the balance remaining in your estate after taxes, expenses and specific bequests have been paid. You can tell us how to use your bequest for a particular program or activity or allow us to use it to fulfill the greatest needs of our mission.

Gifts of Life Insurance, Retirement Assets,
or Other Financial Accounts

Simply contact your life insurance provider, retirement plan administrator, and/or bank or financial institution and file the appropriate beneficiary designation form(s) or payable on death (POD) form(s).*

Legal Name: Biglife International, Inc.
Address: P.O. Box 110431 Naples, FL 34108
Tax ID Number: 65-1060939

* Laws and designation options vary by state