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Planned Giving

Leave a Legacy

How You Can Support GAP Through Creative Giving Tools

Through planned giving, you can make the most significant gift of your life and support the mission and work of GAP Ministries as you achieve your overall financial, tax and estate planning goals.

Additionally, there are other smart giving tools that allow you to give more, in tax-smart ways. And some can even provide income to you, along with your gift. GAP Ministries welcomes your DAF, Stock and IRA gifts.

These are overviews of each of the various ways you can be a smart giver. Please consult your financial advisor with any questions you may have. Or if you need help exploring some of the planned giving options below, GAP Ministries has proudly partnered with Everence ®.

Gifts that Give Now

Donor Advised Fund (DAF)

A donor advised fund is like a “giving checking account”. It’s a great tool to make gifts of appreciated assets such as stock, farm commodities, or real estate. Include GAP Ministries in your recommended charitable distributions or give a one-time gift. See the resources at the bottom of the page to find out how to set up an account for a flexible, streamlined way to direct charitable gifts to GAP Ministries and other nonprofits of your choosing.

Cash and creative giving opportunities

Cash is a common gift to charities but you can also donate many other assets, sometimes with significant tax advantages. These can include stocks, bonds, mutual funds, real estate, farm commodities, life insurance, IRAs and other retirement accounts. Check with GAP Ministries to see if your gift is within the parameters of our Gift Acceptance policy. You may be able to give through our partner, Everence, if this is a better option.

Qualified Charitable Distribution (QCD)

This can be an excellent charitable strategy for many retirees. A QCD is generally a good idea if you are at least age 70½, are charitably inclined, and want to reduce your taxable income while satisfying your required minimum distribution (RMD).

A QCD allows you to donate directly from a traditional IRA to GAP Ministries. Unlike a regular IRA withdrawal, a QCD is not included in your gross income, which provides several potential tax benefits. Since QCDs are excluded from your taxable income, they provide a tax benefit even if you don’t itemize deductions. A lower AGI can reduce your taxable Social Security benefits and potentially lower your Medicare Part B and Part D premiums. And a QCD can help you stay in a lower tax bracket and minimize your overall tax liability.

Appreciated Stock

You can donate appreciated stock to GAP Ministries, which can be a tax-efficient way to give. Donating stock you’ve held for more than one year allows you to avoid paying capital gains tax on the appreciation and can enable you to deduct the full fair market value of the stock from your income, provided you itemize deductions. Increase your gift’s impact: Because you avoid taxes, more of your contribution can go directly to the charity.

For donations of stocks, GAP Ministries partners with Diamond Wealth Management.
Please reach out to GAP Development Director, Tiane Kennedy for instructions on your stock donation.
Jonathan Gardner, Diamond Wealth Management Financial Consultant
jonathan@diamondwealthmgt.com or (520) 603-6804

Gifts that Give Twice

Charitable gift annuities

Do you have savings you would like to give in the future, but still need the income? A gift annuity is a gift planning option that lets you share your heart for our mission, receive a tax deduction now, and also receive steady payments for life*.

Charitable remainder trusts

If you make a gift of an asset, such as real estate or securities, it may be turned into an income-producing asset within a trust fund. This provides you with income from your gift for your lifetime or a certain term (not to exceed 20 years). At the end of this period, the remainder goes to the charities you have recommended.

Gifts that Give Later

Charitable bequest plans

You may indicate in your will or by beneficiary designation that a portion of your assets be left as a bequest to GAP Ministries. Or learn how you could leave a portion of your assets as a bequest to Everence. They will distribute the assets to GAP Ministries and/or any other approved charities you have recommended. You can change your charitable recommendations anytime without incurring the expense of rewriting your will.

Life insurance

Give an existing policy or apply for a new one. Annual premiums can be paid through your donor advised fund and your recommended charities will receive the life insurance proceeds upon your death.

Retained life interest

You give your home or ranch to charity while continuing to live on the property for your lifetime. You receive an immediate tax deduction, and the property is sold at your passing, with the proceeds distributed according to your charitable recommendations.

For more information or for any questions, please reach out to:

Tiane Kennedy, GAP Ministries PR & Development Director tiane@gapmin.com or 520-392-8436

(Please let us know if you choose to leave GAP Ministries in your planned giving so we may appropriately thank you and include you on our Legacy Friendship Team.)

Gap Gift Acceptance Policy

Resources

We’ve proudly partnered with Everence ® If you need help in exploring some of the planned giving options listed, reach out to GAP Development Director, Tiane Kennedy, or feel free to contact our Everence representative directly.

To learn more about the various ways you can grow your generosity – today and into the future, contact:

Phil Pratt, Everence Charitable Consultant
Phil.Pratt@everence.com or 574-307-6243

If you would like to learn more about any of these financial planning options, check out these Resources from Everence:

Donor advised fund
Cash and creative giving opportunities
Charitable gift annuities
Charitable remainder trusts
Life insurance
Educational Webinars

Everence Charitable Services is administered by Everence Foundation and Everence Trust Company.
*Gift annuity payments are dependent on the financial ability of the issuing entity to pay.
This information should be used only for preliminary guidance. Donors should consult their financial professional, attorneys and accountants.