Q: I would like to give farming equipment in a way that benefits both my church and my favorite ministries. What’s the best way to accomplish this?
A. The Stewards Fund (Barnabas Foundation’s donor-advised fund) provides you a streamlined solution for giving to multiple ministries. You can give property and/or cash into a single charitable giving account, and then you can recommend grants be made from that account to your church and other favorite charities.
Q: I’m interested in giving rental property, but I still need income. Is there a solution for me?
A. Absolutely! Depending on your goals and circumstances, you have a number of possible solutions. One option is to give a portion of your property, instead of the whole. Another possibility is for you to give the rental property to establish a life income gift. By doing so, you’ll be able to take an immediate tax deduction, and then receive ongoing income payments for you and/or your loved ones. Your chosen ministry will receive the remaining value of the gift when you no longer need it.
Have Questions? Call us at 888.448.3040 or email planning@BarnabasFoundation.com to ask a planner.