If you are looking for a way to make a big difference to help further Baptist Children’s Homes’ (BCH) mission, change a child’s life through an IRA charitable rollover gift. If you are 70 1⁄2 or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit personally this year.
Benefits of an IRA charitable rollover are: avoid taxes on transfers of up to $100,000 from your IRA to our organization; satisfy your re- quired minimum distribution (RMD) for the year; reduce your taxable income, even if you do not itemize deductions; make a gift that is not subject to the 50% deduction limits on charitable gifts; and help further the work and mission of our organization.
How an IRA charitable rollover gift works:
1. Contact your IRA plan administrator to make a gift from your IRA to BCH.
2. Your IRA funds will be directly transferred to BCH to help continue the ministry’s important work.
3. Note that IRA charitable rollover gifts do not qualify for a charitable deduction.
4. Please contact us if you wish for your gift to be used for a specific purpose.
Remember, now through the end of January your gift will be matched dollar for dollar up to $250,000. Give a gift of $50 to sponsor a child’s Christmas and it will be doubled to $100 – a cottage sponsor’s gift of $600 becomes $1,200.
Consider a gift of cash or a gift of appreciated stock or other property. When you give stock or property to BCH, we then sell it. By donating the stock or property directly to BCH, you eliminate the capital gains tax you would pay if you sell it. If you have held the stock for more than one year, your gift will be deductible at its full market value on the date it is received.
What better gift to give a friend or business as- sociate than with an Honor Gift that blesses a child. BCH notifies honorees with a card and sends a gift acknowledgment receipt to you.
Thank you in advance for your investment in the life of a child. For details on any of these gift opportunities, please call Brenda Gray at 336- 689-4442 or email her at bbgray@ bchfamily.org.