Stocks, bonds and mutual funds
Making gifts of stock, bonds or mutual funds is a great way to support RII and may provide you with significant tax savings. When you donate assets that have increased in value, you can benefit in two ways. You’ll avoid capital gains tax on the profit you’ve made, plus the fair market value of your gift can be counted as a deductible charitable donation. Please discuss the benefits and details of such a gift with your financial advisor or investment manager.
IRA
If you are 70½ years of age or older, you can donate up to $111,000 as a qualified charitable distribution (QCD) from your IRA distribution without adding a penny to your taxable income. If you file jointly, you and your spouse can each do this from your respective IRAs for a combined total of up to $222,000. For most people 73 or older, this also counts toward your required minimum distribution (RMD). Please consult your IRA custodian for the necessary forms to begin the process and to discuss the benefits and details of such a gift.
Charitable bequest through your will
An up-to-date will can offer peace of mind as you put in place the plan for blessing your family and the ministries you love. A gift made through your will provides a legacy, which directs your earthly treasure to produce heavenly treasure. Your planning now can result in many Jewish people entering into the joy of our Lord long after you have entered in yourself. Please discuss the benefits and details of such a legacy gift with your financial advisor or investment manager. When working with your attorney, you will need to provide our legal name – Reach Initiative International and our tax ID # 20-5986160.
Donate life insurance
This is a great way to support Reach Initiative International (RII) without rewriting your will.
There are a few ways you can donate a life insurance policy to RlI:
1)Take out a new policy and list Reach Initiative International as the beneficiary.
2)Name RII as the beneficiary of an existing policy. This is a good option if you already have a policy that your family no longer needs for financial stability.
3)Transfer ownership of an existing policy to RII.
Please discuss the benefits and details of such a gift with your financial advisor or life insurance agent.
Donate real estate or vehicles
Realize additional tax benefits through gifts of real estate or vehicles. These may include cars, trucks, recreational vehicles, aircraft, watercraft, and even some farm and construction equipment. Please discuss the benefits and details of such a gift with your financial advisor or investment manager.
For more information on any of the above options or to notify us of a decision to utilize these other ways to give, contact us below. Thank you!
Reach Initiative International is a registered 501c3 Organization.
EIN # 20-5986160
Reach Initiative International is a member in good standing with ECFA (Evangelical Council for Financial Accountability), giving our donors another assurance that their gifts will be used with the highest degree of integrity.