Legacy and Planned Giving

Planned giving is the process of making a significant charitable gift during a donor’s life or at death that is part of his or her financial or estate plan. Your generosity makes a difference in the lives of others, right here in our community. Continue your Building for God Community Foundation (BFGCF) legacy of care and support through planned giving.

WILLS and TRUSTS

Name Building for God Community Foundation in your will or living trust and you’ll be helping generations.

Mentoring Mentors Photo1.png

THE ADVANTAGES

  • Your assets remain in your control during your lifetime.

  • You can modify your gift at any time to address changing circumstances.

  • Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.

  • You can make your bequest unrestricted or direct it to a specific purpose within the Foundation.

  • You can indicate a specific amount or a percentage of the balance remaining in your estate or trust.

HOW TO BEGIN

Share this simple language with your lawyer or advisor:

I give the sum of $___ or ___% to Building for God Community Foundation, 1020 Cromwell Bridge Road, Towson, MD 21286 (tax id: 37-1781494) to be used or disposed of as its Board of Governors deems appropriate in its sole discretion.

TELL US ABOUT YOUR GIFT

Tell us about your gift!  We would love to know of your support and welcome the chance to thank you.  To tell us about your planned giving, or to ask a question, please don’t hesitate to contact us at bfgcf@buildingforgod.org or by calling 410-308-9800 and asking to speak to a member of Building for God Community Foundation’s team.

Retirement GIFTS

Leverage your retirement assets to benefit you and your family, reduce taxes, and support the Foundation.

OVERVIEW

You can name BFGCF as a beneficiary of your IRA, 401(k), or other qualified retirement plan. The balance of your retirement assets are then passed to the Foundation.

Baltimore Hunger Project_from blog.jpg

ADVANTAGES

Choosing to leave a retirement gift as part of your planned giving allows you to continue taking lifetime withdrawals. You will also be able to change beneficiaries if your family’s needs change during your lifetime. This planned giving vehicle allows your heirs to avoid the potential double taxation in the assets left in your retirement account.

HOW TO BEGIN

Simply name or designate Building for God Community Foundation as a beneficiary of your IRA, 401(k), or other qualified retirement plan. The balance of your retirement assets will be pass to the Foundation.

It is important to notify your plan administrator and us so that your intentions can be carried out.

Also, if you are 70 1/2 years old or older, you can make a “tax free” gift through your IRA, using a Qualified Charitable Distribution (IRA Rollover).

TELL US ABOUT YOUR GIFT

Tell us about your gift!  We would love to know of your support and welcome the chance to thank you.  To tell us about your planned giving, or to ask a question, please don’t hesitate to contact us at bfgcf@buildingforgod.org or by calling 410-308-9800 and asking to speak to a member of Building for God Community Foundation’s team.

Gifts That Pay You Money

Life income plans enable you to make a substantial gift to BFGCF and receive an income for life or a term of years. At the death of the last beneficiary or at the conclusion of the term, the gift is released to the Foundation. Popular life income arrangements include:

  • Charitable Gift Annuity

  • Deferred Gift Annuity

  • Charitable Remainder Unitrust

  • Charitable Remainder Annuity Trust

  • Pooled Income Funds 

 

Life Insurance

Safe+Alternative+Camp+Photo.jpg

Life insurance is an excellent tool for making charitable gifts for a number of reasons. Life insurance provides an "amplified" gift that enables you to provide a gift on installment plans. Through a relatively small annual cost (the premium), a benefit far in excess of what would otherwise be possible can be provided for charity. This sizeable gift can be made without impairing or diluting the control of a family business or other investments. Additionally, assets earmarked for family members can be kept intact.

Stocks and Appreciated Assets

You can make a gift by transferring appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to Building for God Community Foundation. When the time is right, BFGCF will sell your securities and uses the proceeds for the work we do to support the community.