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Institute for Biblical Apologetics, Inc.
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Supporting IBA

Ideas for Giving

A gift to the Institute for Biblical Apologetics (IBA) demonstrates your belief in our mission and reinforces your commitment to making a difference in the Kingdom. Many types of gifts allow you to fulfill your charitable intentions and may result in immediate and possible future benefits for you.

Gifts of Cash
Cash contributions are deductible as an itemized deduction in the year you make the donation, up to a total of 50 percent of your income. Excess charitable deductions can be carried forward for up to five additional years.

Gifts of Securities
The best types of stocks to donate are those that have increased greatly in value, particularly those producing a low yield. In order to preserve tax advantages, it is critical that you transfer the physical securities to us rather than the proceeds from a sale.

    Appreciated Securities. If you donate stock that has risen in value and that you've held for more than one year. you pay no capital gains tax on the transaction and are entitled to a charitable deduction for the full fair market value of the stock. (Your income tax deduction is limited to 30 percent of your adjusted gross income. Any excess can be carried forward for an additional five years.) If you wish to keep a certain stock in your portfolio, you could donate the stock and then use cash to buy the same stock, thus increasing your cost basis to current fair market value.

    Depreciated Securities. If you have stock losses, generally you should not contribute the stock, but rather sell the stock yourself to realize the loss for tax purposes. You can then contribute the cash and take a charitable deduction for the gift of cash.

    Mutual Funds. A charitable contribution of mutual fund shares can provide the same tax advantages as a gift of appreciated stock. Due to the complexities involved in the transfer of mutual fund shares, I encourage you to begin that transfer well before Dec 31st.

    Pension Plans (IRA). Under current tax law, gifts from an IRA are complicated for the donor. For this asset, you should consult with your attorney, tax advisor or financial planner to address the many tax issues associated with a pension plan. You may elect to use a portion or the entire IRA as a future gift from your estate.

Gifts of Real Estate
If you own property that is not subject to a mortgage and has appreciated in value, a charitable gift may be an attractive option. You can claim an Income tax deduction based upon the fair market value of the property, avoid all capital gains and remove that asset from your taxable estate. Or you can transfer your home or farm to us now and continue to use the property for life. Due to the complexities involved, I encourage you to contact us to discuss any gift of real estate.

Professional Advisor
Without doubt, meeting with your tax advisor prior to December 31st is a smart decision. Together, you can review your tax situation for the past year, determine which type of assets will provide you the best tax benefits, and obtain the highest level of financial stewardship.

Planned Giving Officer
I stand ready to assist you and your professional advisors.

Edward W. Cotney, CPhD, FWC
530-913-0562

1st Timothy 6 verses 17-19  
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