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 Gift
Opportunities:
Thank you so much for considering
donating, below you will find several ways you can help support
Backstreet Missions, Inc.
Gifts of Cash
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 Stock
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
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
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.
Gifts of Planned
Giving
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.
Please visit the Planned Giving page
for more detailed information.
You can also
volunteer with us, please contact
Linda Kelley at (812) 333-6360 for more information.
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