Backstreet Missions, Inc

Giving cash is popular gifting due to its simplicity. Cash gifts may be made by currency, check, money order or bank draft. Your federal income tax deduction by donating to Backstreet Missions a 501(c)3 organization will reduce the actual cost of the gift. See our contact information for where to send it or donate securely online now.

Gifts of marketable securities, or stock listed on an exchange, can be advantageous way to make a substantial contribution to support Backstreet Missions. There is no taxation on the gain of appreciated stock given directly to Backstreet Missions. The fair market value on the date of the stock gift is deductible for the income tax purposes.

Gifts of closely held stock, or securities not traded on an exchange, may also be accepted. However, such gifts should be discussed with a professional prior to the time the gift is made.

Gifts of real estate offer great flexibility in planning. All proposed gifts of real estate are reviewed by the board of directors before the gift is accepted.

An outright gift of appreciated land or other real estate has several immediate benefits for the donor: there is no taxation on the appreciation of the real property; an income tax deduction is available for 100 percent of the fair market value of the property as of the gift date; and your taxable estate is reduced by the value of the gift less any income tax savings that are retained or reinvested.

Gifts of personal property require an independent appraisal of the fair market value before the gift is made. Restrictions by the donor regarding the sale, maintenance, administration, and display of such gifts are possible, but subject to review and approval by Backstreet Missions Board of Directors. See our Thrift Store page for drop-off and pickup information.

A bequest through a will or trust is the most common form of planned gift. Gifts of life insurances can offer an attractive way to benefit the mission at a relatively low cost, and may also provide tax benefits. A gift of life insurance may be especially attractive for a young person due to the lower premium expense. Some planned gift opportunities can greatly assist the mission in meeting its needs and objectives while also producing an income for you or your loved ones. Charitable lead trusts allow you to contribute assets to a trust for a specified period of time. A special provision in the federal tax law allows you to give a personal residence (including a vacation home) or farm to Backstreet Missions and still retain the full use and enjoyment of the property.

Gift Opportunities