More Gift Options

Selling a business?  Consider gifting an interest in your business to Anabaptist Foundation before any sales agreement or arrangement. This could substantially re-direct your capital gains taxes toward accomplishing your charitable goals. Anabaptist Foundation can work with you and your financial and legal advisors to determine how gifting your business will maximize your charitable and tax advantages. As a tax-exempt owner, Anabaptist Foundation does not pay capital gains taxes when its share is sold, leaving more dollars for charity. You will also receive a tax deduction for the gifted portion’s fair market value, based on a qualified appraisal.    

Any retained portion of the business is subject to a lower capital gains tax calculation. This is because you receive a smaller proportionate share of the sales price, narrowing the margin between your startup cost (cost basis) and the selling price. The net proceeds from Anabaptist Foundation’s portion are then placed into your Charitable Gift Fund account, pending your advice on their distribution to charity. Contact Anabaptist Foundation for more information.   

Do you manufacture or distribute a product wholesale?  Gifting a quantity of your marketable product to Anabaptist Foundation can potentially help you avoid income and the next tax bracket. By contributing the actual product, you avoid recognizing the sale of the product as income, and the production costs may still be deductible.  Anabaptist Foundation, as the new owner, will coordinate selling the product to the buyer, using the contact information you provide. After Anabaptist Foundation invoices the buyer and receives payment, net proceeds are available in your Charitable Gift Fund account pending your advice for distribution to charity. Contact Anabaptist Foundation for more information. 

Are you of retirement age but do not need income from your Individual Retirement Account (IRA)’s annual Required Minimum Distribution (RMD)?  The IRS allows you to re-direct the distribution to charity via Qualified Charitable Distributions (QCD).   This permits you to avoid recognizing the distribution as income and dedicate it to charity instead.  

Anabaptist Foundation, a 501c3 public charity, is qualified to receive your QCD gift.  While the law specifically prohibits placing a QCD into a donor-advised fund like our Charitable Gift Fund, Anabaptist Foundation may however place it into a field of interest fund or Special Gift Fund that is dedicated to a specific charitable focus area. Examples include:   

• Charity Hardship Fund – providing short-term, interest-free loans for churches facing catastrophic alms fund needs.  

• Stewardship Education Fund – supporting our Anabaptist constituency with stewardship literature, teaching, and children’s books.   

• Other Special Gift Funds – addressing specific needs the Foundation may operate at the time of your gift. 

These funds will put your dollars directly into charity work.  Contact Anabaptist Foundation for more information on Qualified Charitable Distributions and Special Gift Funds. 

Do you have an unusual, readily marketable asset that you would like to re-purpose for charity?  Donate what God has placed into your hands. Anabaptist Foundation is able to accept a wide range of non-cash assets with an established fair market value.  Gifted assets are promptly liquidated into net cash, available for your recommendations to the churches and charities you wish to benefit from your gift.  

Examples of specialty gifts we have processed include coin collections, a tractor, mini-excavator, Percheron horses, eggs, hoop building, sheet metal scraps, logs, niche walnut slabs.