PLANNED GIVING
Gifts of Stocks & Bonds
Donating mutual funds, stocks or bonds may be an easy and tax-effective way for you to make a gift to CBMC.
1) Contact the brokerage firm that currently holds your appreciated mutual funds, stocks, or bonds
2) Provide the brokerage with CBMC’s account details: For account details, contact us at plannedgiving@cbmc.com or call 423-308-6012.
3) CBMC will provide you with a contribution confirmation letter for tax reporting upon receipt
More information:
There are special rules for valuing a gift of mutual funds, stocks or bonds We encourage you to always contact your financial advisor, legal counsel, CPA or tax planner for specific and personal advice
Contact us:
If you have any questions about gifts of mutual funds, stocks and bonds, please contact us We would be happy to assist you
CBMC Development Office at plannedgiving@cbmccom or 423-308-6012
Gifts of Real Estate
Donating appreciated real estate, such as a homes, rental property, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to CBMC.
You may be able to avoid paying capital gains tax on the sale of the real estate.
You could receive a charitable income tax deduction based on the value of the gift
You will help to further CBMC’s effective mission
How to:
We encourage you to always contact your financial advisor, legal counsel, CPA or tax planner for specific and personal advice
Contact us:
If you have any questions about gifts of real estate, please contact us. We would be happy to assist you.
CBMC Development Office at plannedgiving@cbmccom
Gifts of Retirement Assets
Donating part, or all, of your unused retirement assets such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to CBMC.
Your heirs could avoid income tax on any retirement assets
Your estate could benefit from an estate tax charitable deduction for the gift
You can leave a lasting legacy to CBMC
How to:
You can contact your retirement plan custodian to designate CBMC as a beneficiary We encourage you to always contact your financial advisor, legal counsel, CPA or tax planner for specific and personal advice
More:
Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a “step up in basis,” such as real estate and stock, and give the retirement assets to CBMC As a charity, we are not taxed upon receiving an IRA or other retirement plan assets
Please let us know if you have already included CBMC as a beneficiary of your retirement assets We would like to thank you and recognize you for your gift We encourage you to always contact your financial advisor, CPA, legal counsel, or tax planner for specific and personal advice
Contact us:
If you have any questions about gifts of retirement assets, please contact us We would be happy to assist you
CBMC Development Office at plannedgiving@cbmccom or 423-308-6012
Gifts of Cash
Contributing cash is a is a simple and easy way for you to make a gift which provides immediate assistance to the ministry of CBMC.
How to:
Online gifts of cash – Use the QR code on this page or visit cbmccom and click the give button to complete our online donation form Your gift will be processed quickly and safely using our secure server.
Reoccurring gifts of cash – Set up a reoccurring gift to CBMC and be assured that your donation will support the ministry on a regular schedule
Mailing a gift of cash - You can send us a check or money order Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us. Please mail to: P.O. Box 8009, Chattanooga, TN 37414-0009.
More:
You can mail a check post-marked by, or on, December 31st Even if the check is not received and cashed by CBMC until after the new year, the IRS will allow you to take a deduction in the year the check was mailed. We encourage you to always contact your financial advisor, legal counsel, CPA or tax planner for specific and personal advice
Contact us:
If you have any questions about gifts of cash, please contact us We would be happy to assist you.
CBMC Development Office at plannedgiving@cbmccom or 423-308-6012
Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to CBMC. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to CBMC. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
p y y, y y deductions by making annual gifts so that CBMC can pay the premiums
If CBMC cashes in the policy, you will be able to see, in your lifetime, how your gift supports our charitable work. Whether you name us as a beneficiary or we retain the policy to maturity, the proceeds of your policy could be paid to CBMC to further our charitable work
How to:
To make a gift of life insurance, please contact your life insurance provider to include CBMC as a beneficiary of your policy or receive instruction on gifting the cash value We encourage you to always contact your financial advisor, legal counsel, CPA or tax planner for specific and personal advice
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift
Contact us:
If you have any questions about gifts of insurance, please contact us We would be happy to assist you. CBMC Development Office at plannedgiving@cbmccom or 423-308-6012
Gifts of Estate Planning
"God has used CBMC in the lives of many men and families in the marketplace. Would you remember CBMC in your legacy giving in order to ensure the next generation has the same potential as God works through CBMC in the future?"
David Meyers, CBMC President
Ted DeMoss, a CBMC past president, was a modern day Apostle Paul, never looking for recognition, but living his life by keeping "the main thing the main thing." A devoted marketplace ambassador, he travelled the country, and the world, praying for and sharing the gospel with men wherever he went. Ted never lost his focus for leading businessmen to Christ and for helping others recognize the high calling it is to be a Christian businessman
In celebration of his legacy, The Ted DeMoss Society recognizes those persons who include CBMC in their estate plans
Benefits:
Can be a strategic way to meet your charitable giving goals
Can minimize taxes while maximizing Kingdom impact
A great way to invite God into how you steward your greatest financial assets.
A powerful legacy impact by giving to CBMC and other ministries that are meaningful to you
How to:
There are no minimum amounts to join. If you are interested in learning more or if you have already included CBMC in your estate plans, please let us know We encourage you to always contact your financial advisor, legal counsel, CPA or tax planner for specific and personal advice
Contact us:
CBMC Development Office at plannedgiving@cbmc.com or 423-308-6012
IRA Required Minimum Distributions
At age 73* you may need to begin taking required minimum distributions (RMDs) annually from your retirement accounts. You can elect to directly distribute these funds to CMBC and avoid having it count as income.
Benefits:
Canbeoneoftheeasiestwaystogive
Youmaybeabletogiveupto$105,000peryeardirectlytoCBMC fromanIRA
CansatisfyRMDforthatyear
Canreduceyourtaxableincome,evenifyoudonotitemize deductions
Youcanmakeanimmediateimpactonourmission.
Howto:
TomakeagifttoCBMCofyourRMD,contacttheaccountmanagerof yourIRAtoarrangeadistribution.
More:
IfyouhavealreadyincludedCBMCinyourestateplans,pleaseletus know.Wewouldliketothankyouandrecognizeyouforyourgift.We encourageyoutoalwayscontactyourfinancialadvisor,legalcounsel, CPAortaxplannerforspecificandpersonaladvice.
*TheRMDrulesrequireindividualstotakewithdrawalsfromtheirIRAs(includingSIMPLEIRAsandSEP IRAs)everyyearoncetheyreachage72(73iftheaccountownerreachesage72in2023orlater),evenif they'restillemployed
Contactus:
IfyouhaveanyquestionsaboutgiftsofIRArequiredminimum distributions,pleasecontactus.Wewouldbehappytoassistyou.
Giving Through a Donor Advised Fund
A donor-advised fund (DAF) works like a charitable checking account. Instead of depositing money and writing checks, you can contribute all types of assets (such as cash, stocks, and non-cash assets) and then direct contributions to CBMC.
Benefits:
Tax deduction at time of contribution to the DAF but the gifting can be made later.
May work well for the sale of a business or receipt of inheritance –deduction at moment of high income but spread gifts out over time May result in the avoidance of capital gains tax when contributing various types of appreciated assets (Cash/stock/Capital assets)
Recommend grants to CBMC and other ministries that are meaningful to you at any time.
You can make an immediate impact, and also leave a lasting legacy to CBMC
How to:
To set up a contribution from your DAF, please contact the fund manager If you would like to receive a list of possible donor-advised fund managers, we can provide that for you.
Please let us know if you plan to include CBMC as a beneficiary of your DAF We would like to thank you and recognize you for your gift We encourage you to always contact your financial advisor, legal counsel, CPA or tax planner for specific and personal advice.
Contact us:
If you have any questions about giving through donor-advised funds, please contact us We would be happy to assist you
CBMC Development Office at plannedgiving@cbmc.com or 423-308-6012
Other Giving Options
There are additional giving options that may benefit you and your family, provide tax savings, as well as support CBMC’s mission.
A fixed regular income is provided.
This income provides payments for life, and upon death, designated charities can receive the remainder of your original gift
You may receive an up-front charitable tax deduction and possibly avoid some capital gains tax
Charitable Remainder Trusts -- A one-time donation with payments to you for life.
Assets other than cash can be donated to the trust
This income provides payments for life, or a set number of years, and designated charities can receive the remainder of trust assets
You may receive an up-front charitable tax deduction and possibly avoid some capital gains tax.
Charitable Lead Trust -- Income from property is structured as a gift, while ownership is maintained by the donor.
Can be a great solution for gifting income to designated charities from income producing properties.
If you are interested in learning more about the benefits, or instructions, for giving in these ways, we are available to help We encourage you to always contact your financial advisor, legal counsel, CPA or tax planner for specific and personal advice
If you have already included CBMC in your estate plans, please let us know We would like to thank you and recognize you for your gift