Memorial Gifts

Kentucky Baptist Foundation
Kentucky Baptist Foundation Funding the Great Commission

By: Barry G. Allen- President & CEO 

Gifts made in memory of someone are among the most personal of expressions and ones that occur most often in the context of very emotional circumstances. Those who make memorial gifts are people who have given considerable thought to their decision to make those gifts. They are sensitive, thoughtful, caring people who want to make a meaningful donation in honor of someone special, like a spouse, a child, a sibling, a parent, a friend, a teacher, a minister, or other loved ones who have predeceased them.

A memorial gift is a way for you to establish a legacy in memory of that special one, and, at the same time, provide financial resources to one or more charitable organizations for the effective fulfillment of their missions.

As you approach Memorial Day, I encourage you prayerfully to consider making a memorial gift in honor of someone who was special in your life. Consider the focus of your gift to be a living memorial to further the mission of Christ through one or more of the organizations with which you and/or that special person have been affiliated.

Give Laurie Valentine and me the privilege of assisting you in your consideration. There are a variety of tax-wise giving methods available to you. In addition to cash gifts, gifts of appreciated securities and real estate have specific tax advantages. You may have a cash value life insurance policy, the original purpose for which you purchased it no longer exits. Gifts of life insurance provide an excellent way to make a memorial gift and to receive a tax benefit. A beneficiary designation of a retirement account also offers some important tax advantages. In fact, for those over 70 ½ there is a special window of opportunity in 2013 to make tax-free memorial gifts up to $100,000 from IRA funds. A charitable gift annuity, charitable remainder trust and a bequest in your will are ways to accomplish memorial gifts at your death.

Call Laurie toll-free for the details. Happy Memorial Day!

For more information, please call us at (502) 489-3533 or toll free in KY at 1-(866) 489-3533

The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.

Kentucky Baptist Foundation

Kentucky Baptist Foundation

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