Ways to Gift

A representative from our Office of Development will be happy to assist you in making a gift to your local church and/or favorite Baptist ministry. Free proposals are available for various gift plans. There is no cost for this service. Some of the types of planned gifts include:


Cash

If you would like to donate cash to your favorite Baptist entity through an endowment at The Baptist Foundation, you can gift through a check, money order, ACH authorization or cashier's check. Or, you may choose to give the cash outright to the entity of your choice. If you would like to establish an endowment, please call The Foundation at (334) 394-2025. We will draft an agreement for you to review and execute, and then provide further instructions on funding your endowment. Please click here for an ACH form.

Life Income Gifts:

Charitable Remainder Trusts:
Your Goal: Transfer your appreciated property without paying capital gains tax, enjoy regular income for life or for a term of years, and receive the benefit of tax savings from a chartiable deduction.
How It Works: You transfer your cash or appreciated property to fund a charitable trust at The Baptist Foundation of Alabama. The trust sells your property tax-free and provides you with income for life or a term of years. When life ends, the corpus transfers to a Baptist entity of your choice.
Possible Benefits: Charitable tax deduction, income for life or a term of years, possible income growth over time and avoidance of capital gains tax.


Charitable Gift Annuities:

Your Goal: Receive fixed income for life, avoid capital gains tax on the sale of your appreciated property, and enjoy the benefit of tax savings from a charitable deduction.
How It Works: You transfer your cash to The Baptist Foundation of Alabama in exchange for our promise to pay you fixed income (with rates based on your age) for the rest of your life. Upon your death, the balance goes to a ministry of your choosing. Payout rates are from 5.2% to 9% depending on ones age.
Possible Benefits: Charitable tax deduction, fixed income for life, partial bypass of capital gains, and possible tax-free payments.



Life Estate Reserved

Your Goal: Remain in your home for life and receive a chartiable income tax deduction.
How It Works: You give your property to The Baptist Foundation of Alabama but retain the right to use the property during your life.
Possible Benefits: Charitable tax deduction and lifetime use of property. A simple way to give your home now, receive acharitable tax deduction, and pre-decide the ministry to receive the gift of the home at your death.


Bargain Sale

Your Goal: Transfer your property and receive cash or debt relief without paying substantial taxes.
How It Works: The Baptist Foundation of Alabama purchase your property for less than fair market value. You receive the cash and a charitable deduction for the difference between the market value and purchase price.
Possible Benefits: Cash from sale, charitable tax deduction, partial bypass of capital gain.

Memorial Endowment Fund

A permanent fund owned by a charity from which the capital appreciation and/or income is used to support the general or specific objective of that charity's mission, or as otherwise directed in the gifting document. Many times, an individual will have this agreement made during their lifetime, specifying the beneficiaries of their choice. Usually funded at death, payments are made at least annually to the named beneficiaries.



Scholarship

A fund that is setup by an individual or Baptist entity that can award income and/or principal. The fund is managed by The Baptist Foundation of Alabama, and may be awarded by either TBFA or the person/church (depending upon the verbiage of the agreement) establishing the fund. Criteria for being considered for the scholarship is written in the agreement. Other fund types (such as cemetery mangement) and gifts (such as a charitable annuity trust) are also available.


Transfer of Most Securities:

The information below is provided for making a gift of securities electronically.

Morgan Keegan & Co., Inc.
DTC 780
The Baptist Foundation of Alabama
Please call or email for the account number.
Please call our offices at (334) 394-2001 for wiring instructions.

The Office of Development
The Baptist Foundation of Alabama
P. O. Box 241227
Montgomery, Alabama 36124-1227
334-394-2025 (Office of Development)

Email: tbfa@tbfa.org
Internet: www.tbfa.org