Most gifts received by charities are in the form of cash, even though this is not always the most tax-efficient way to give.
Barnabas Foundation can help you plan your charitable gifts for maximum efficiency and impact, while taking care of your family and other needs required by your particular circumstances.
- Importance of a Will - A Will is a legal document that expresses your direction for distribution of your property at death. It is a fundamental document used to implement your Estate Plan. (If you have no other estate documents, it is your Estate Plan.)
- Value of a Trust - Trusts, when used for Estate Planning purposes, may also be referred to as "Living Trusts". The reason they are sometimes referred to as Living Trusts is that most people will establish and fund the Trust with their assets while they are living.
Planning Your Legacy (A Christian Guide to Planning Your Will & Trust)
Add Charity to your Completed Plan - There are a number of ways to make a bequest to charity without amending your Living Trust or preparing a Codicil to your Will.
Lifetime Gift Giving is considered by many Christians to be an important dimension of their support of kingdom causes. Here are a couple of suggestions of ways to give.
Life Income Agreements - With a Life Income Agreement, you make a charitable gift of cash or other property and receive an immediate tax deduction while receiving an income for life, with the remainder going to your favorite Christian causes at the time of your death. Two types of Life Income Agreements frequently used are Charitable Gift Annuities and Charitable Remainder Trusts.
Life Insurance provides another opportunity to make a gift to your favorite charities.
Planned Gift Options - Christians use Planned Gifts from their estate to further support kingdom causes that are important to them. To help evaluate your options, we've created a complete chart of "Planned Giving Options" which identifies income and tax implications, along with benefits to you and your favorite charities.