Other Ideas For Giving

When thinking of making gifts to Ardmore Baptist Church, we naturally think of giving from our income. As we prayerfully consider sacrificial giving to help Ardmore Baptist Church, we have additional opportunity to reflect on other sources for giving as well. These other forms of gifts help the church as well as offering added benefits to the donor:

Publicly Traded Securities
Long-term appreciated capital gain property (such as stock) is one of the most common ways to make additional capital gifts. These gifts are tax deductible at the full fair market value subject to some limitations. However, the gain is not subject to taxation to the donor or the church. Example:

Closely-held Stock
Gifts of closely-held stock are virtually the same as publicly traded securities, but may carry additional benefits to the donor. Along with the incometax deduction, gifting closely-held stock is a good way of reducing company retained earnings and transferring ownership of the company to children or grandchildren.

Personal Property
One can make a gift of personal property to Ardmore Baptist Church. These items can include antiques, works of art, jewelry, coin or stamp collections, as well as other valuable assets. However, these items are generally tax-deductible at their base cost and not their fair-market value.

Appreciated Real Estate
A gift of real estate will generate a tax deduction for the full appraised fair-market value. Like securities, the capital gain is not taxable to the donor or the church. Sometimes a donor has a parcel of real estate that they are willing to gift, but they want to retain some of its value for themselves. A bargain sale is a good way to make a gift to the church and keep some of the value. Example:

Paid-up Insurance Policies
Many times families have paid-up life insurance policies that were originally taken out to cover mortgage expenses or pay for college for a child. If these reasons are no longer at issue, a paid-up insurance policy can be a wonderful way to make a gift to the church. The tax deduction is equal to the replacement value or the donor's cost in the policy, whichever is less. The church will have the option of retaining the policy or taking the current cash surrender value.

Charitable Lead Trusts
A lead trust can be established to provide income to the church for a specified term of years. After the term of years, the assets in the trust revert back to the donor or to individual(s) designated by the donor. Cash, securities and some types of real estate can be used to fund the trust. There is no incometax deduction for this type of gift but there is an estate tax savings.

Gifts-in-kind
A gift-in-kind is a product or service that you can give because of your work experience or related business. Examples:

Deferred Gifts
Deferred gifts are gifts that are received some time in the future by the church. During that time the donor retains an interest in the assets. Examples:

For more information on ways to give, contact one of the following: