Additional ways you can continue your support to the ministry of LLBN
PLANNED GIVING & TRUST SERVICES
"There is one who scatters, and yet increases all the more, and there is one who withholds what is justly due, and yet it results only in want. The generous man will be prosperous, and he who waters will himself be watered." Proverbs 11:24-25
CHARITABLE GIFT ANNUITIES
The concept of a gift annuity is simple. You donate assets that LLBN's gift annuity administrator reinvests. You and the administrator agree on fixed payments to you for life (and, if desired, for another beneficiary's lifetime). Then, the funds are available for LLBN to use.
A charitable gift annuity is particularly attractive because the rates (based on your age) typically produce higher yields than you would receive in the stock and bond markets. And when this aspect is combined with partially tax-free funds, the effective rate of return could be even higher.
• Lifetime payments for yourself and possibly another person
• Charitable deduction for a portion of the value of the gift
• Part of the annual payments is considered a tax-free
return of capital
• Capital gains tax savings when you contribute
Contact us to obtain your specific gift annuity rate.
These Rates Are Just One Reason Why The Charitable Gift Annuity Is A Win-Win Proposition
Rates for Single & Joint
Charitable Gift Annuities effective July 1, 2018
LLBN uses the American Council on Gift Annuity Rates
Or simply fill out the contact form below for information or questions about any type of planned giving:
*indicates required field
REAL ESTATE SALE / DONATION
• Income tax charitable deduction for the full fair market value
• Avoidance of tax on the property's appreciated aspect
• No hassle from trying to sell the property
• No gift tax, plus a reduction of your taxable estate
Are you thinking of selling land or a building? Beware of capital gains tax.
If you sell your primary residence, you can exclude up to $250,000 ($500,000 if you're married) of the gain. But this tax break doesn't apply to other types of real estate, so you may have a better alternative.
A charitable contribution of real estate---whether it's your personal residence, a vacation home, a farm, commercial real estate, or vacant land---will give you numerous advantages.
When you give your home or other real estate to LLBN, you create an enduring testimonial of your interest in LLBN's mission. And what's more, your personal satisfaction is complemented by valuable tax benefits. Contact us today for more information.
REVOCABLE TRUST AGREEMENT
This is quite possibly the most important document to have because it really can be a complete estate plan. It may be funded with homes, property, cash, stocks, or bonds — it gives such peace of mind knowing that upon the giver’s demise, LLBN will act to distribute their assets to their loved ones, and to the Lord’s work, according to their wishes stipulated in this most important document. The Revocable Trust Agreement can be amended upon the request of the Trustor to meet changing needs and wishes.
Contact LLBN today to get started. We can answer some of your questions and even refer you to an attorney who will guide you right through the process every step of the way.
Now is the time to start making a will!
RETAINED LIFE ESTATE
Let's assume you like the tax advantages that a charitable gift of real estate would offer, but you want to continue living in your personal residence for your lifetime. Did you realize you can give LLBN your home, even though you continue living there?
It's true. It's called a retained life estate.
A gift of your home, farm, vacation home, or condominium, even with stipulations about occupancy, results in a charitable deduction on your income tax.
The retained life estate may also provide you with a way to let someone other than you or your spouse (perhaps a sibling or child) have life occupancy of your home with reduced tax obligations.
• Lifetime use of the residence for you and/or another person
• Income tax savings through charitable deduction
• Estate tax savings for you and/or another person (if the other person is your spouse)
• Ability to gift only partial interest in property and receive tax advantages
Contact us today to see if this option is for you.
A charitable contribution of real estate can give you numerous advantages as well as creating an enduring testimonial to your commitment to LLBN's mission
IRA CHARITABLE ROLLOVER GIFT
Have you been searching for a way to help boost the work of LLBN? In 2015, Congress voted to make permanent the exclusion from income of up to $100,000.00 per person, per year, for IRA (Individual Retirement Account) distributions given directly to charity. Individuals age 70½ or older can now make contributions directly from their IRA to the charity of their choice in 2016 and subsequent years.
This means that if you are 70½ or older, now you can both reduce the income taxes generated from your required minimum IRA distribution and make a big impact on the ministry outreach of LLBN.
Avoid taxes on transfers of up to $100,000 from your IRA to LLBN
Satisfy your required minimum distribution (RMD) for the year without increasing your taxable income.
Make a big impact in helping LLBN to continue to preach the gospel of Jesus Christ around the world!
What do I do to get started?
Contact your IRA plan administrator and inform them that you would like to make a gift from your IRA to the ministry of LLBN.
Your specified gift amount will be transferred directly to LLBN and make a big impact on our work of broadcasting programs that lift up Christ to a world in need!
Please note: Although gifting your required minimum distribution may reduce your taxable income, gifts made directly from your IRA are not tax deductible.
You may contact LLBN to specify which area of the LLBN ministry you wish to support. For example: LLBN English, LLBN Arabic, LLBN Chinese, LLBN Korean, LLBN Latino, LLBN South Asia, or Smart Lifestyle TV channels. Or you can specify that it go to our building project or another project. Just let us know and we will use your gift for that purpose.
Contact us today to see if this option is for you.