Naming Glad Tidings Bible Camp In Your Will |
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Legacy/Estate Planning is encouraged for everyone no matter the size of their property. Without a will, your estate will be distributed in a way that may not reflect your wishes. Gifts such as these can reduce (or even eliminate) estate taxes your beneficiaries may owe. On the other hand, your estate can be very beneficial to the development of our ministry if you so choose to leave it or a portion of it to us.
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Steps: |
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Donate Commodities Directly To Glad Tidings |
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Commodities can be donated directly to the camp.
This can reduce your taxable income by the amount of
the gift. That will, in turn, reduce your tax
liability for the year. This can be a much better
option for you as the sale of the same commodity
would be counted as taxable income and subject to
income tax. |
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Steps: |
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Donor-advised Fund |
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If you end up one year with an abnormally large amount to donate one year, you can set up a special donor-advised fund to spread out the donations over a period of a number of years and give yourself a larger tax benefit when you might need it more. This option does not result in a charitable deduction, but instead, it reduces your grose income by the amount donated. Then, you can gain the donation benefit down the road. Please talk to your tax and/or estate planner/adviser to set up this option. |
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All contributions are solicited with the understanding that Glad Tidings Bible Camp |
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