"I feel strongly that they are being good stewards—they’re training people how not to do harm but to only do good as they carry the good news."
Suzanne Spencer, Donor
Legacy Giving |
"I feel strongly that they are being good stewards—they’re training people how not to do harm but to only do good as they carry the good news."
Suzanne Spencer, Donor
Legacy giving is the promise of future support to TMS Global through your will, IRA or investment account, charitable life income investments, or a stock gift. If you would like to make a kingdom impact, you are a perfect candidate to make a legacy gift.
If you have questions or need specific language to include in your will, contact Kenda Hembrough at khembrough@tms-global.org, or 678.542.9045.
We partner with PhilanthroCorp, a will and estate planning organization, to help you find the best ways for you to support your estate goals and TMS Global's continuing kingdom impact.
If you are writing your will for the first time, revising your existing plans, or own investment or retirement accounts or life insurance policies, please consider including TMS Global among your charitable beneficiaries. In your will, you can name TMS Global the beneficiary of a set amount, a percentage of your estate, or a percentage of your residual estate after you have taken care of your loved ones. If you have already written your will, it is usually very easy to create a codicil, or amendment, to your will. A codicil with specific changes, witnessed and notarized, is typically accepted into probate with the original will. If you need specific language to include in your will, we can help.
A charitable gift annuity pays you or a loved one an annual income for life; once it is no longer needed, the remainder of the investment goes to TMS Global.
If you are a younger donor, a deferred gift annuity can help you plan for your retirement. By investing now and deferring the start of income payments until you reach retirement age, your initial investment has more time to grow.
In either case, the donor receives a tax deduction for part of the initial investment, plus a guaranteed revenue stream that is partially tax-free. TMS Global receives the remainder. Each charitable gift annuity is unique to the circumstances of the donor. To learn more, discuss your options, or receive a customized annuity illustration, contact us.
Owners of Individual Retirement Accounts must begin taking Required Minimum Distributions at age 70 ½. From then on, a permanent tax provision allows you to make gifts to TMS Global and other qualified charities directly from your IRA. These gifts are subtracted from your Required Minimum Distributions and do not count as revenue on your taxes. Because this type of gift actually reduces your income, it offers tax benefits even if you do not itemize your deductions.
Giving stock directly to TMS Global may allow you to increase your gift and your tax deduction. When you give stock shares, you’ll generally take a tax deduction for the full fair market value, which may be more than your original investment. Giving stock may offer significant advantage over giving cash, or selling your appreciated securities and contributing the after-tax proceeds.
To let TMS Global know that your IRA or stock gift is coming and how you would like your gift to be used,let us know.