Making a charitable gift is an important and personal decision. Our Capital Campaign for THE BUILD offers an opportunity to prayerfully reflect on all the blessings God has bestowed up on us and use them to make a positive impact in our community. We value all the gifts of time, talent and treasure we receive. We invite you to make a gift that reflects your gratitude for God’s blessings to you. We also ask that you be an ambassador and encourage family and friends to get involved. Your gift and support is important to the success of THE BUILD. So whether you have contributed in the past or you are considering making a gift for the first time, you can make a difference by making a gift today. There are many ways to contribute to the work of Annunciation through THE BUILD. We encourage you to consider the following:
An Outright Gift
Gifts of Cash
Gifts of cash are the most direct, simplest and most popular gift for a donor to make and for the organization to receive. The donor generally receives a current income tax deduction and the charity has immediate use of the funds. If you itemized your deductions, you may be entitled to an income tax deduction for all contributions in a given year of up to 50 percent of your adjusted gross income (AGI) with a five-year carry-over period for the excess. Claim your deduction against a larger portion of your AGI and make an immediate impact on the life of Annunciation. Your gift can be made by check or by credit card, outright or over a period of 3-5 years and will provide an immediate benefit to THE BUILD.
Appreciated stock (held more than one year) makes an excellent gift. You avoid all capital gain taxes, will receive a tax deduction, and can deduct the gifts current value up to 30 percent of your adjusted gross income.
Bonds, Mutual Funds
Bonds and mutual funds are similar to cash in their tax treatment. State, Municipal, and U.S. Government Bonds are welcome.
One of the most overlooked gift forms is real estate. Over the years most real estate has appreciated faster than the rate of inflation and, therefore, can offer great potential for a charitable gift. We will be happy to discuss the possible gift of residential, commercial, or undeveloped real estate in support of THE BUILD.
Gifts of personal property are always welcome, including collections, royalty, mineral rights, cars, and jewelry. You may claim an income tax deduction based on the full market values of the gift, avoid capital gains taxes and eliminate certain costs associated with the transfer of real property – assuming the gift is considered for a related use.
Cash Value of Life Insurance
Give THE BUILD a policy whose coverage you no longer need. A parishioner may have one or several life insurances that are paid up. You may consider gifting the policy during your life time, which will entitle you to a charitable deduction for the cash value of the policy.
A Planned or Deferred Gift
Gifts from Retirement – IRA and 401(k) Funds
You are invited to consider designating THE BUILD as a partial or full beneficiary of their retirement funds.
The balance of your retirement plan might be worth more when donated to THE BUILD than your heirs.
Gifts of Life Insurance
A simple way to make a significant future gift is to name THE BUILD beneficiary to receive all, or a portion of the proceeds of an existing life insurance policy. You will receive a tax deduction for the cash surrender value, thus reducing your tax liability in the year of the gift.
Bequest Through a Will
One of the simplest ways is to give of your estate. You can make a gift bequest, after others have been provided for, of a dollar amount, specific property, a percentage of the estate, or what is left (remainder) to