Planned Giving: A Great Way to Leave a Legacy line
For most people, the largest act of financial stewardship they will make in their lifetime is the development of their estate plan. Including Baptist Children’s Home and Family Services in your estate plan gives you the opportunity to leave a legacy that touches future generations for Christ. Perhaps you are a supporter of BCHFS but are unable to make the gift you would like today. Maybe you would like to provide a gift that lives on after you are gone and reflects your heart for helping children and families in the name of Christ. Regardless of your motivation, BCHFS offers a number of planned gift options that can help you provide for your family and establish a gift that will make an eternal difference in the lives of hurting children and families. The following are a few of the options available for making a planned gift to BCHFS.
Charitable Bequests are the most commonly used method of making a planned gift. A bequest is a gift a donor makes through his or her will or trust. It allows donors to keep and use their assets during their lifetime. The assets are transferred to the charity upon the donor’s death. The donor’s estate will receive a charitable estate tax deduction at his or her death, when the gift is made to charLeave a Legacy through Planned Giving at BCHFSity.
A Gift Annuity is an agreement between an individual or couple and a charitable organization in which the individual or couple transfers assets to the charity and in return receives fixed payments for the remainder of their lives. Payments may be made monthly, quarterly or annually. A portion of the gift is tax deductible and a portion of the income is tax-free. After the death of all donors named in the annuity contract, the charity will receive the remainder of the annuity account.
> Click here to get more information on Gift Annuities.
Charitable Remainder Trust
A Charitable Remainder Trust is usually funded with an appreciated asset such as stock or real estate. Assets are donated into the trust and in return the donor receives payments for life, two lives or for a term of years. A CRT allows the donor to avoid capital gains tax on the sale of the asset and provides them with an immediate income tax deduction. At the end of the trust term, the charity receives whatever amount is left in the trust.
> Click here to get more information on Charitable Remainder Trusts.
Charitable Lead Trust
A Charitable Lead Trust is designed to help donors who would like to benefit both their family and the charity of their choice. A Charitable Lead Trust is funded when a donor transfers assets into the Trust. The Trust will pay fixed income to the benefiting charity for a period of time, after which the remaining assets will be transferred to the donor or his or her family. The CLT allows donors to pass property or assets to their family while reducing or even eliminating the gift or estate taxes they might incur.
Get More Information
If you would like to learn more about how you can make an eternal difference in the lives of children and families by making a planned gift to Baptist Children’s Home and Family Services please contact Ken Steward at (618) 978-2553 or by email. At BCHFS, we understand the final decisions are yours. You can rest assured that our BCHFS advisors will provide you with the information you need and will never pressure you into making a gift to our ministry. You will be instructed to consult your financial adviser or attorney before finalizing a major gift.
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