Giving to Gospel for Asia can be done either directly or through various means which can provide tax benefits or even income. Click on a title below to learn more.
IRA Charitable Rollover
In 2015, Congress enacted a permanent extension of the IRA Charitable Rollover. As a result, individuals age 70½ or older can donate to GFA directly from their IRA to charity which can qualify as their Required Minimum Distributions.
Charitable Gift Annuity
Funded by your contribution of cash or securities, a CGA provides fixed annuity payments to you (and/or someone else you designate) for life, and a gift to GFA too. A portion of your contribution is tax-deductible in the year the CGA is funded, and a portion of the annuity payments are tax-free.
Charitable Annuity Trust
You transfer your cash or appreciated property to fund a charitable trust. The trust sells your property tax free and provides you with fixed income for life or a term of years.
Charitable Lead Trust
You transfer your cash or property to fund a lead trust that makes gifts to Gospel for Asia for a number of years. You receive a charitable deduction for the gift. Your family receives the remainder at substantial tax savings.
Give It Twice Trust
You may be looking for a way to provide income for your children while making a gift to Gospel for Asia. The Give It Twice Trust is a popular option that allows you to transfer your IRA at death to a term-of-years unitrust.