Donor advised funds are a way by which individuals or organizations make an irrevocable contribution to the Missouri Baptist Foundation and then provide non-binding advice on where you would like the income and/or principal distributed, which can include your chosen charities. A donor advised fund provides a flexible way for you to direct your charitable giving to your various charities over time while receiving immediate tax benefits. You make the contribution and then the Foundation makes … [Read more...]
Making donations that generate income
If you want to make a donation to your church or other ministry AND receive an income stream you can’t outlive, a charitable gift annuity can make sense. A charitable gift annuity is a contract between you and the Missouri Baptist Foundation. You donate cash, securities or other assets to the Foundation and the gift qualifies for a charitable tax deduction, depending on your personal circumstances, in the year of the gift. The Foundation invests the money and returns some of it to you in … [Read more...]