The One Big Beautiful Bill Act brought sweeping changes to the tax code—and changes to charitable giving was no exception. If you’re wondering how this affects you, you’re not alone.Here are the key charitable giving changes in the new law that every donor should know:NEW Universal Charitable DeductionMost Americans take the standard deduction and don’t itemize …
Planned Giving
One of the biggest mistakes you can make in estate planning is leaving the wrong asset to the wrong heir. You’ve spent a lifetime building your IRA nest egg, and now you’re considering how to pass it on to your heirs. This is where IRA bequests come into play. By designating beneficiaries, you ensure your …
Life insurance may be a valuable and convenient way to give to Focus on the Family if you have an excess beyond what you originally planned for. Giving life insurance offers many benefits In most cases, the gift is tax deductible.Is easy to assign a charity as a beneficiaryIt is a confidential and timely gift …
Consolidated Appropriations Act 2021: How does it impact your giving this year? The Consolidated Appropriations Act, which was signed into law in December 2020, provided an additional injection of stimulus into the economy, including relief for businesses and non-profits. There were also specific provisions that were extended from the CARES Act of March 2020 for …
How does the legislation impact your giving for 2020? In response to the financial impact COVID-19 has had on the U.S. economy, Congress passed legislation on March 27, 2020 to help alleviate some burdens for families and businesses. Aside from direct payments to families, protection programs, and various forms of stimulus, Congress included beneficial provisions to help families save on taxes when they support their church, favorite ministry and other eligible …
How have changes to IRAs impacted you? Over 63% of all households have retirement accounts with an estimated $9.5 trillion in Individual Retirement Accounts. For many families, this is the primary savings plan for their retirement years. In December 2019, the Setting Every Community Up for Retirement Enhancement Act (SECURE) was passed to boost retirement …
You might be asking, what is a Charitable Gift Annuity (CGA)? A CGA is a contract between you and Focus on the Family that provides you with lifetime income and great tax-benefits and leaves a gift to help families thrive in Christ. CGAs are a great fit for those looking to create a steady income …
Bequest Notification Form I have included a legacy gift in my estate plans to help families thrive in Christ for generations to come. First Name Please use between 1-20 characters. Please use only alphabet, apostrophe, hyphen, space and period. x Last Name Please use between 1-20 characters. Please use only alphabet, apostrophe, hyphen, space and …
IRA Rollover Notification Form First Name Please use between 1-20 characters. Please use only alphabet, apostrophe, hyphen, space and period. x Last Name Please use between 1-20 characters. Please use only alphabet, apostrophe, hyphen, space and period. x Email Address CountryPlease select… United States Canada Phone number Please enter your area code, followed by your …
Gift of Grain Notification Form First Name Please use between 1-20 characters. Please use only alphabet, apostrophe, hyphen, space and period. x Last Name Please use between 1-20 characters. Please use only alphabet, apostrophe, hyphen, space and period. x CountryPlease select… United States Canada Phone number Please enter your area code, followed by your phone …
Appreciated Securities Notification Form First Name Please use between 1-20 characters. Please use only alphabet, apostrophe, hyphen, space and period. x Last Name Please use between 1-20 characters. Please use only alphabet, apostrophe, hyphen, space and period. x Email Address CountryPlease select… United States Canada Phone number Please enter your area code, followed by your …
STOP! Before you sell your home, contact our Planned Giving teamfor information about avoiding unnecessary taxes. A gift of real estate such as your home, vacation property, farm or ranch land, undeveloped land or commercial property can allow you to give more than you ever imagined. Benefits of gifts of real estate In most cases, …
Leave a Legacy A Qualified Charitable Distribution (QCD) is the most tax-efficient gift you can make. Donating from your IRA or another type of retirement asset to a charity can be an extremely smart tax saving plan. Funds in an IRA have never been taxed, and when you donate an asset to a qualified charity …
There’s a way to leave a gift that furthers gospel ministry, while lowering your taxes and providing income.With a Charitable Trust, you can establish a resourceful stewardship strategy and help families thrive for generations to come. Benefits of a Charitable Trust Receive income for life or for a term of yearsYou can Avoid capital gains …
Nearly 60% of U.S. adults have no estate planning documents in place. Your greatest gift is often your legacy gift. Many people who have been blessed by Focus on the Family have decided to leave a legacy gift through their estate. A bequest is one of the easiest gifts to make. As you create or …
Leave a Legacy If you are a cash-basis farmer, you may be able to deduct the cost of production of the gifted portion of grain and receive a triple tax savings. Benefits of a Grain Gift Reduce federal income taxReduce state income taxReduce self-employment taxHelp further the work and mission of Focus on the Family …
Leave a Legacy On average, over 90 percent of what God has allowed believers to manage, is NOT cash. Often God has blessed us with unique assets to steward for His glory. And because the government incentivizes charitable giving, there are often tax benefits available for donations of these assets to Focus on the Family. …
What is a Charitable Gift Annuity?A Charitable Gift Annuity (CGA) is an income-producing, charitable tool. You make an irrevocable gift of cash or securities to fund a charitable gift annuity contract. In return, Focus on the Family will make fixed income payments to you for life. At the end of the contract, the remaining balance …
Home Ways to Give Resource Library Legacy Community Contact Us Home Ways to Give Resource Library Legacy Community Contact Us Home Ways to Give Resources Legacy Community Contact Home Ways to Give Resources Legacy Community Contact Be part of the Legacy Helping Families Thrive for Generations to Come What is the Legacy Community? Focus on …
Focus on the Family can benefit from gifts of cars, boats and recreational vehicles.The process is simple and convenient. Benefits of Donating a Vehicle You may receive an income tax deductionProceeds from the sale of your vehicle will help further the work and mission of Focus on the Family How to Make a Vehicle Donation …