Gifts That Protect Assets

Gifts That Protect Assets

Increase Impact

You may be able to increase your potential impact—and experience significant tax savings— by giving non-cash assets to Biglife.

Most Americans carry only 10 percent of their wealth in the form of cash. The remaining 90 percent is tied up in non-cash assets, such as stock, real estate, or business interests. By considering all the resources God has entrusted you with, you can multiply the impact of your generosity AND eliminate unwanted costs and stress.

SEE THE BENEFITS

Give more by giving smarter.

Donating non-cash assets can be a great alternative to donating cash.

Appreciated stock or marketable securities

Appreciated stock or
marketable securities

Real estate

Real estate

Business interests

Business interests

Farm commodities and machinery

Farm commodities
and machinery

Gifts from an IRA

Gifts from an IRA*
(donors ages 72+)

*IRA gifts must be made directly to Biglife.

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 that you no longer need or want to manage (such as rental properties or vacation homes) for the benefit of Biglife.

Capacity to give. Give from your excess resources without restricting cash flow.

Estate planning. Eliminate potential taxes or complications for your heirs by giving complex or burdensome assets to charity in the here and now.

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

Gifts That Protect Assets

Making Kingdom Impact through Your Retirement Assets

An IRA charitable rollover allows individuals 72 and older to make a sizable gift from an individual retirement account (IRA) to Biglife AND receive significant tax benefits in return. Give a tax-wise gift up to $100,000 per year in IRA assets directly to your favorite Kingdom causes.

SEE THE BENEFITS

Language for your Will

Through IRA charitable rollovers, you can make gifts to Biglife without any federal tax liability, as long as the gifts are qualified charitable distributions (QCDs). Distributions qualify for all or part of an IRA owner’s required minimum distribution (RMD).

  • IRA holders must be age 72 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 Biglife.
  • Distributions to donor-advised funds, charitable trusts, or for charitable gift annuities are not permissible.
  • Distributions may only be made from traditional IRAs or Roth IRAs. Other retirement accounts are not eligible.

Benefits of Giving Stock

Convenient. An easy way to give to Biglife.

Tax-wise. Distributions are not treated as taxable income. 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 the charity. The entirety of your gift will go toward Biglife!

Frequently Asked Questions

What are the benefits of donating personal property?

You will receive an income tax deduction equal to the appraised fair market value of the property, with no capital gains tax due on its transfer to us. You can also make a gift using property that you no longer need or no longer wish to maintain.

How do I arrange a gift from my retirement plan?

We suggest that you contact your IRA or retirement plan administrator and request a gift be sent directly to Biglife. You can also request a copy of the Change of Beneficiary Form, and designate Biglife to receive a portion or all the remainder of your plan’s assets.

What are the benefits of a gift of life insurance?

You can create a gift that will benefit Biglife in the future, at little cost to yourself today. You can also make a gift using an asset that you may have overlooked: paid-up policies whose coverage your family no longer needs. If you donate a policy during your lifetime, you receive an immediate income tax deduction for its current value.