Planned Giving: Leave a Legacy that Stands on Truth
Without an estate plan of your own, the government will make one for you. But the government’s plan does not reflect your heart, your faith, your values, your love for family, or your desire to advance God’s Kingdom.
Planned Giving lets you ensure that the resources God has entrusted to you continue to reflect your priorities. It also helps provide for those you love and sustain ministries like Truett McConnell University for generations to come.
By thoughtfully designing your legacy with trusted financial and legal counsel, you can protect your family and the causes you care about.
- Reduce taxes that erode your lifetime income and your estate.
- Transform non-cash assets into Kingdom-impacting resources.
Most people give in cash even though most of their wealth is in non-cash assets. Planned Giving allows you to support Truett McConnell University with long-lasting gifts. You can give from investments, real estate, or business interests and provide tax advantages and even lifetime income for you or your family.
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There are many ways to plan your giving, either now or as a part of your legacy, both of which can and will make an eternal difference at TMU:
What to Give:
Gifts of Stocks and Bonds:
There are a number of benefits of gifts of stocks and bonds such as:
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
Stock Giving – A Smarter Way to Make an Impact
Instructions for Stock Transfer to Charity
Stock and Mutual Funds Letter of Intent
Gifts of Life Insurance:
A gift of a life insurance policy is an excellent way to make a gift. If the insurance policy has outlasted its original purpose, you can leverage it to make a significant Kingdom impact. This impact is often far greater than you might expect, and it usually requires little or no personal expense.
Gifts of Real Estate:
Donating appreciated real estate, such as a home or vacation property, can provide a valuable noncash gift for TMU. Giving undeveloped land, farmland, or a commercial property can also bring substantial savings. This can help you avoid capital gains taxes and claim a charitable income tax deduction for the value of your gift.
Gifts of Retirement Assets:
Donating part or all of any unused retirement assets, such as a gift from an IRA, 401(k), 401(b), pension, or other tax-deferred plan, is an excellent way to make a gift to TMU, offering benefits such as avoiding potential estate tax on retirement assets. If the Giver is over 70.5 years of age, it is likely that the Giver is subject to Required Minimum Distributions (RMDs), which necessarily means that the amounts that are required to be distributed from these IRAs are taxable income to the Giver. By gifting these directly to TMU, it is possible to avoid the income tax altogether, resulting in greater benefit to TMU and less taxes for the Giver—a win-win for all.
Gifts of Business Interests:
As a business owner, building a business and creating wealth for the family and the individual Giver can also provide an opportunity to gift part of the business interests to benefit TMU. This can continue to benefit the family. Gift a portion or all of the non-voting corporate stock or assets to TMU and turn the business into an engine of generosity.
Other Assets:
Assets such as grain, livestock, equipment, and tangible property such as jewelry, artwork, coins (bitcoins included), allow the Giver to turn the fruit of their labor into Gospel impact as well, and should be considered as gifting opportunities.
Ways to Give:
Gifts made from Your Estate by Will, Trust, or Beneficiary Designation:
Designating TMU as the beneficiary of an Estate asset via a will, Trust, or Beneficiary Designation form can be a true Legacy gift to TMU. These gifts can include real estate, cash, retirement assets, business interests, and much more, all working together to increase the impact of the TMU Legacy.
Gifts made from a Donor Advised Fund:
Giving through a Giving Fund (Donor Advised Fund, or DAF) allows the Giver to donate various assets to the DAF provider. The DAF serves as a convenient tool to streamline giving and manage it in one place, much like a charitable checking account. To learn more about donor-advised funds, visit our partner institutions at the
National Christian Foundation and the
Georgia Baptist Foundation.
Contact
Danny Hendrix at dhendrix@truett.edu or 706-865-2134 ext. 3804 to get started with planned giving today.
