CBMC Planned Giving

PLANNED

PLANNED GIVING 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. Benefits: You may be able to avoid paying capital gains tax on the sale of appreciated stock which you have held for over a year.

You may receive a charitable income tax deduction.

You will help to further CBMC’s effective mission.

How to: 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@cbmc.com 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. Benefits: 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@cbmc.com or 423-308-6012

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. Benefits: 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@cbmc.com 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. Benefits: You can make an immediate impact on our mission.

You can take a charitable income tax deduction.

How to: Online gifts of cash – Use the QR code on this page or visit cbmc.com 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@cbmc.com 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.

Benefits: You can receive a charitable income tax deduction.

If CBMC retains the policy to maturity, you may receive additional tax 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@cbmc.com 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: Can be one of the easiest ways to give.

You may be able to give up to $105,000 per year directly to CBMC from an IRA. Can satisfy RMD for that year.

Can reduce your taxable income, even if you do not itemize deductions.

You can make an immediate impact on our mission.

How to: To make a gift to CBMC of your RMD, contact the account manager of your IRA to arrange a distribution.

More: 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. We encourage you to always contact your financial advisor, legal counsel, CPA or tax planner for specific and personal advice. *The RMD rules require individuals to take withdrawals from their IRAs (including SIMPLE IRAs and SEP IRAs) every year once they reach age 72 (73 if the account owner reaches age 72 in 2023 or later), even if they're still employed.

Contact us: If you have any questions about gifts of IRA required minimum distributions, please contact us. We would be happy to assist you.

CBMC Development Office at plannedgiving@cbmc.com or 423-308-6012

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.

Charitable Gift Annuities -- A one-time donation with payments to you for life.

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.

CBMC Development Office at plannedgiving@cbmc.com or 423-308-6012