How to Give Through the ARP Foundation


	The ARP Foundation has resources to help you maximize the benefits of your gifts to the denomination. While the tax benefits of your gift are legal and real, we stress that gifts should be given from the heart, unto the Lord, and for the benefit of the denomination.

Almost any asset can be given to the foundation, including:

Stocks
Bonds
Cash
Land
Timber
Houses
And IRAs

You may also avoid significant capital gains tax on many of these assets when providing them as a gift through the Foundation.

There are many methods for making your gift depending on your particular needs and desires. For example, if current income is a concern, you could setup a Gift Annuity with as little as $3000, and as much as $100,000. With a Gift Annuity, you get an immediate tax benefit with the assurance of regular quarterly income based on the size of the gift and the life expectancy of the giver.

Another method of giving is through a Charitable Trust. Trusts are set up to provide a benefit upon the death of the giver. They can be tailored to provide regular quarterly income and inflation protection. The level of income is based on a percentage of the gift.

There are also many other forms of trusts, and the ARP Foundation can help you choose the right one to meet your specific situation.

Below we have provided some more detail on the forms gifts to the Foundation may take.

ANNUITIES

In exchange for a gift of cash, stocks, bonds, or other assets, you and/or someone else you designate may receive fixed payments for life. At the same time, you will receive a sizeable tax deduction in the year of the gift, which can be carried over into five succeeding tax years, if necessary.

In addition, part of each payment during the lifetime of the designated recipients is tax free, depending on your age at the time of the gift.

The number of gift annuities you may wish to make is not restricted.

Gift annuities offer you a way to further God's kingdom, while benefiting from

lifetime payments
professional asset management and
tax savings

BEQUESTS

To preserve your retirement assets after your lifetime - rather than relinquishing a large portion of them to taxes - consider the benefits of using them as a source of giving to the Lord's work. Your bequest can be direct or deferred.

As a general rule, the entire balance of a retirement account (IRA, 401(k)) must be distributed within five years of death. Only a surviving spouse can roll over an inherited distribution to his or her own IRA and benefit from further income tax deferral; all other beneficiaries are immediately taxed.

By naming a deferred giving plan through the Foundation as the ultimate beneficiary of your retirement account, income taxes can be deferred or avoided altogether.

SECURITIES

You may give securities to the Foundation and bypass the act of selling the securities in order to convert them to cash, thereby avoiding income tax on the sale of the securities. Moreover, this type of gift is tax deductible at its market value, subject to certain rules. The basic procedure involves completing a form your stockbroker can supply and then notifying the Foundation of your plans.

LIFE INSURANCE

Life insurance policies may be used in many ways to provide funding for your gift to the Foundation. You may be able to make a larger gift at death than would have been possible during life.

It is possible to use tax savings gained by transferring wealth to a qualified charitable organization to purchase life insurance in an amount sufficient to replace the value of the property transferred to the Foundation. This may avoid estate taxes and provide your heirs with the same or similar wealth that they would have received, had you not made the gift. Such gifts are not subject to federal estate tax.

DEFERRED

Another good way to defer income is by using a Charitable Remainder Trust. You or your designee receive the right to income until death and the Foundation then receives full ownership of the property for the furthering of God's kingdom.

A trust funded with cash may allow a charitable deduction of up to 50% of your adjusted gross income (AGI). A trust funded with appreciated securities is generally limited to 30% of AGI.

The trust pays no income taxes, but the payments received are generally taxable.

This is a smart way to preserve income for yourself and/or a survivor.

BARGAIN SALE

If you have securities that have greatly increased in value but are worth more than you can comfortably give, you may employ a method known as a "bargain sale". Under this plan, you sell the security for less than current value to the Foundation. You thus recover all or a portion of your investment in the asset.

The difference between the fair market value and the amount you received is then deductible as a charitable gift.

Designed and Hosted by Crafted Solutions, Inc.