Noncash Giving Options
Give Through Noncash Options
Explore various ways you can support Gospel outreach.
At Global Media Outreach, your generosity can extend beyond traditional cash donations. By contributing through noncash options, you can make a substantial impact on sharing the Gospel of Jesus while also enjoying potential tax benefits. Explore the various ways you can support the Gospel message being shared globally.
Donate Stocks
Donating appreciated securities, such as publicly held stocks, is a powerful way to maximize your impact.
When you give stocks directly to Global Media Outreach, you can potentially avoid capital gains taxes and receive a charitable deduction for the full market value of the securities.
IRA Contributions
If you are 70½ or older, you can make a tax-free donation directly from your Individual Retirement Account (IRA).
This Qualified Charitable Distribution (QCD) is an excellent way to either partly or fully satisfy your Required Minimum Distribution (RMD) when the RMD becomes effective at age 73. An individual can donate up to $105,000 per year from IRAs without counting the distribution as taxable income.
This is a win-win, as it reduces your taxable income while providing critical support to GMO’s mission of reaching the world for Christ.
Tangible Assets
Donations of tangible assets such as real estate, vehicles, or valuable collectibles can make a significant difference. These gifts can often be more beneficial than cash and may offer you substantial tax advantages.
Business Contributions
Your business can play a crucial role in supporting our mission. Whether through direct donations, a percentage of sales, or contributing assets from the sale of your business, there are multiple ways to make a significant impact:
- Direct Donations: Contribute a portion of your business profits directly to Global Media Outreach.
- Percentage of Sales: Commit to donating a percentage of sales or specific products to our cause, promoting a philanthropic partnership with your customers.
- Asset Contributions: If you are selling your business or its assets, consider donating a portion of the proceeds to support our work. This can offer substantial tax benefits while making a meaningful difference.
Annuities
Consider a charitable gift annuity, which provides you with a fixed income for life in exchange for your donation. After your lifetime, the remaining funds will benefit Global Media Outreach, ensuring your legacy of giving continues. Charitable gift annuities can offer several benefits:
- Guaranteed Lifetime Payments: Receive fixed payments for life, which can supplement your retirement income.
- Tax Benefits: A portion of your annuity payment may be tax-free, and you may receive a charitable deduction for the gift.
- Support Our Mission: The residual value of the annuity after your lifetime will support the ongoing work of Global Media Outreach.
How to Donate
- Contact Us: Connect with our Chief Financial Officer at donations@gmomail.org to discuss your noncash donation options.
- Transfer Instructions: We will provide you with the necessary information to direct your donation to Global Media Outreach.
- Tax Benefits: Consult with your financial advisor to understand the full benefits of your contribution and which non-cash option would be to your best advantage. If you need a referral of someone who specializes in this type of charitable giving, we can help. Contact us at donations@gmomail.org.
