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donations | estate planning
We Invite You
If the vision, strategy, and outreach services briefly outlined in these pages engage your interest, we invite you to join us in this bold adventure of advancing the Exchanged Life worldwide by making a gift in support of IOM America & the International Fellowship of Exchanged Life (IFEL) and our vital operations.
Give with Purpose
Yes, we encourage you to partner with IOM/IFEL to help fulfill its strategic mission to advance the uniting of Exchanged Life workers worldwide. Your giving not only helps our offices unite these workers but your contributions will help needy people in the field - i.e. our IM Worldview Centers (200+).
Give with Confidence
Know that your generous contribution will be given directly in support of staff, volunteers and/or mission projects of your choice - both at home and in the field. Our accounting department is held in account by a certified accounting firm: Pittman and Murdough.
Your Support Is Deeply Appreciated
Please know that each of us at IOM America gratefully receives all gifts consistent with the charitable intentions of our donors. On behalf of the Board of Directors, we thank you for considering our non-profit as a donor venue for your sacrificial giving. A hearty "thank you" from the IOM America team!
Kansas Donors & Estate Planning | Joe English | Click or Call
IOM PLANNED GIVING
Planned giving, sometimes referred to as gift planning, may be defined as a method of supporting IOM America and/or charities like it that enables philanthropic individuals or donors to make larger gifts than they could make from their income. While some planned gifts provide a life-long income to the donor, others use estate and tax planning techniques to provide for their favorite life-changing ministries and other heirs in ways that maximize the gift and/or minimize its impact on the donor's estate.
A planned gift is any major gift made in lifetime or at death as part of a donor’s overall financial and/or estate planning. By contrast, gifts to the annual fund or for membership dues are made from a donor’s discretionary income, and while they may be budgeted for, they are not planned.
Whether a donor uses cash, appreciated securities/stock, real estate, artwork, partnership interests, personal property, life insurance, a retirement plan, etc., the benefits of funding a planned gift can make this type of charitable giving very attractive to both donor and charity.
What are the 3 types of planned gifts?
First, outright gifts that use appreciated assets as a substitute for cash;
Second, gifts that return income or other financial benefits to the donor in return for the contribution;
Third, gifts payable upon the donor’s death.
What gift plans return income to donors?
Charitable gift annuities make fixed payments, starting either when the gift is made (an immediate-payment gift annuity) or at a later date (a deferred or flexible gift annuity). Some organizations maintain pooled income funds, which commingle donations, pay beneficiaries variable depending on the earnings of the fund, and generally operate like a charitable mutual fund. Charitable remainder unitrusts and annuity trusts are individually managed trusts that pay the beneficiaries either a fixed percentage of trust income or a fixed dollar amount.
What are the tax benefits of planned gifts?
Donors can contribute appreciated property, like securities or real estate, receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property they pay no upfront capital gains tax on the transfer.
Gifts payable to charity upon the donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax.
Clint Overall | President/Attorney
NORTHWEST BAPTIST FOUNDATION
Clint Overall joined the Foundation in June 1998 and became President in 2015. Clint received his Bachelor of Science (BS) degree in Business Administration from Lewis-Clark State College in Idaho. He received his Juris Doctorate (JD) degree from the University of Idaho and was admitted to the Idaho State Bar in 1995. Prior to joining the Foundation, Clint worked for Idaho Legal Aid Services and the U.S. Forest Service. He is also IOM America's estate planner for the Northwest region.