If you are 70 ½ and older and are considering a year-end gift to BGCOR, consider this gifting strategy to unlock tax-wise benefits: Qualified Charitable Distributions (QCD), also known as a Charitable IRA Rollover. Most of us spend our lives caring for family, our community, and favorite charities, while also saving for retirement. While you …
Gifting real estate to charity has multiple benefits for the donor and there are several options a donor could consider. Generally, a gift of real estate could be either a principal residence, vacation home, a farm, a commercial building, a subdivision lot, or even unimproved land. The benefits of gifting real estate: Receive an income …
In 2007, First Cumberland received a generous bequest (property given by will) from the estate of two church members, Paul and Juanita Hays. The gift was a large one, and for Rev. Jennifer Newell and the First Cumberland leaders, the possibilities seemed endless! However, before they made any decisions about how best to use the …
