Some of the most common ways to make a gift to Baptist Mid-Missions Foundation are to write a check, make a gift using a credit card, or donate online.
A gift of cash could be right for you if:
- You want the easiest way to donate to BMM Foundation.
- You want the largest possible income tax charitable deduction for your gift.
- You would like to make the gift to BMM Foundation that has the greatest immediate impact.
How it works
You make a gift of cash directly to BMM Foundation and you receive an immediate income tax charitable deduction.
How Your Gift Helps
Your gifts to Baptist Mid-Missions help to creatively and strategically advance the cause of Christ to the world by inspiring and mobilizing local churches and individuals to actively participate in mission opportunities. It will provide Baptist Mid-Missions with the resources to…
What is an outright gift of cash?
An outright gift of cash is when you transfer funds to Baptist Mid-Missions Foundation and get nothing of financial value in return. The most common way for donors to make an outright gift is to write a check payable to Baptist Mid-Missions Foundation.
Gift provides immediate support
Unlike some other gift arrangements, your outright gift will provide resources that BMM Foundation can put to immediate use. If you prefer to restrict our use of your gift in any way, please contact us so that we can be sure that we can carry out your wishes.
Maximum tax savings
You may deduct the full amount of your donation up to 60% of your adjusted gross income, providing tax savings if you itemize. You may carry forward all of your unused deduction for up to five additional years.
Ways to give cash
Most donors make an outright gift by writing a check payable to Baptist Mid-Missions Foundation and mailing it to us. You may make a cash gift using your credit card. You may also give by Electronic Funds Transfer by setting up automatic contributions from your bank account.
Susan McNeil would like to make an immediate $15,000 gift to Baptist Mid-Missions Foundation. Susan could write a check for this amount and earn a charitable deduction equal to $15,000. Alternatively, Susan could make a gift using her credit card by calling us on the phone, responding to a mailing, donating online through our website, or setting up automatic contributions from a bank account. Gifts of checks and gifts made via credit cards or electronic transfer are considered cash gifts.
- Susan may deduct up to 60% of her adjusted gross income for her gift of cash.
- If Susan cannot use the entire deduction in the year of gift, she may carry the balance forward for up to five additional years.
- Assuming Susan can use her entire income tax charitable deduction of $15,000, she will save her $5,550 (37% tax).
- Susan will gain the satisfaction of making a $15,000 gift to BMM Foundation.