Winter 2007 Rapport: Development Outlook
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It’s not too late to maximize your tax benefits and financially bless AGTS. Would you prayerfully consider helping AGTS enrich the experience of students? Some year-end giving options are:
The most common gift to the seminary is a gift of cash by check or credit card.
- Donate online at www.agts.edu/partners.
- Call 1-800-467-2487, ext. 1012
- Mail a check to AGTS, 1435 N. Glenstone, Springfield, MO 65802
Giving long-term appreciated stock offers you a potential three-fold tax savings.
- Avoid paying capital gains tax on the increase in value of stock.
- Receive a tax deduction for the full fair market value of stock on the date of the gift.
- Tax savings is a reduction in the value of the donor’s taxable estate by the amount of the gift.
Before selling a home or real estate that could result in a sizable capital gains tax, consider donating the property to AGTS. You’ll avoid the tax and realize a charitable deduction for the full fair market value of the property.
A paid-up life insurance policy may be a deductible gift to AGTS for its replacement value.
A charitable bequest is a popular way for donors to perpetuate their giving for future generations and long-term tax planning. You can designate AGTS as a beneficiary to receive:
- a dollar amount,
- a percentage of your estate or,
- what is left after other beneficiaries have received their bequests, as a residual beneficiary.
Charitable Remainder Trust
You may have assets that are needed to meet present and future needs. Placing appreciated property or cash into a charitable remainder trust will provide income for you. Tax benefits include an initial income tax deduction and avoidance of capital gains tax for appreciated securities. At the end of an agreed period—usually at the end of the donor’s and/or the beneficiary’s lifetime—the remainder of the trust’s assets would go to AGTS.
Charitable Gift Annuity
This approach pays you an attractive fixed annuity payment guaranteed for life and offers special tax benefits without investment worries. At the end of the donor’s lifetime, AGTS can be designated to receive your gift.
Recent tax legislation allows those 70 ½ years old and above to give up to $100,000 directly from an IRA without triggering federal income taxes.
How Will My Gift Be Used?
You can designate your gift for the AGTS Pentecostal Leaders Fund to be used for urgent projects or select a project at www.agts.edu/partners.
Thursday, December 14, 2006 4:19 PM