Jesus often spoke of eternity and lifted our focus from our present day to future scenes in heaven. There, eternity will unfold before us in the presence of our Father, of angels, and of the multitude of the redeemed who will praise and worship the Worthy One. That reality should impact how deliberately we live, and how willingly we give.
Usually deductions of qualified contributions have a cap. For 2020, the cap has been removed! Individuals may deduct qualified contributions of up to 100% of their adjusted gross income. In fact, contributions over that amount can be carried over to the next tax year. To qualify, the contribution must be a cash contribution made to a qualifying organization during the calendar year 2020. (Non-cash contributions are subject to normal limits). This tax benefit is available only to IRS Form 1040 filers who itemize on Schedule A.
For those not itemizing, the CARES Act provides a new deduction for up to $300 per taxpayer ($600 for married couples) in annual charitable contributions. This is beneficial for most taxpayers, who will take the standard deduction when filing. The new deduction will reduce taxable income.
In addition, donors age 70-1/2 and older can still make a qualified charitable distribution from their IRA, even though the Required Minimum Distribution is suspended for 2020. Donors who do so will reduce their taxable IRA balance.
Thank you for your partnership in the Gospel!
In this 100th year of Baptist Mid-Missions’ ministry, may we live deliberately for the glory of God and give willingly to His work!
If you have questions about this type of gift, or other ways to give, please contact our Stewardship Ministries Department at 440-826-3930. You can e-mail us at stewardship.ministries@bmm.org.
Enduring Grace Society membership is extended to those who have included BMM Foundation in their estate or gift plan, who give even as they step into eternity.
Join the many who are leaving a lasting legacy through Enduring Grace Society:
E-mail stewardship.ministries@bmm.org or call 440-826-3930.
Kathy D. Armstrong
Mr. and Mrs. Larry G. Bair
Mrs. Esther E. Barr
Chuck and Carolyn Barth
Carl and Selma Barton
Dora and Roland Blessing
Rev. and Mrs. George Blood
Steve and Kim Brennecke
Rev. Steve and Mrs. Ricka Butler
Kenneth L. and Geraldine P. Cleeves
Elva Craig
Bonnie Crozier
Dennis Doughman
Scott and Kathy Durbin
Mrs. Susan Edwards
Mr. and Mrs. John J. Eiler
Larry and Sallie Fogle
Phil and Betty Fogle
Woodrow Fountain
Rev. and Mrs. Steve Fulks
Mary Hagberg
Miss Beulah Hager
Marilyn H. Hamilton
Mrs. Ruth L. Hayden
Rev. Bruce and Betty Hendsbee
Opal Heydt
Sun-Hee Jeon
Nancy Rader Johnson
Bert and Beverly Johnson
Mrs. Helen Jones
Verne I. Kirby
Fern Kruse
Dr. and Mrs. Max Lanz
Sallie McElwain Lemponen
Greg Lynch
Lillian M. Martin
Norman and Carol Mayfield
Chris D. McFail
Miss Esther Meerman
Evelyne Metzler
Deb and Wayne Mullin
Rev. and Mrs. Robert Mundy
Ed and Mina Oglesby
Mrs. Marilee Ostrander
Mrs. Doreen A. Pinkerton
Pastor J.O. and Juanita Purcell
Beverly Reichel
Mr. and Mrs. Roger and Jean Reisacher
Glenn and Jan Rohrbach
Mark and Debbie Seymour
Mr. and Mrs. Robert A. Shea
Mr. and Mrs. Thomas M. Sochor
David and Debra Strope
Dr. Jack W. and Karin de Rosset Traylor
Rev. and Mrs. Lewis Votaw
Mrs. E. Lucille Welker
John and Gloria Whitelaw
Eugene Williams
Edward G. Zindle and Barbara Zindle
As we look back over our first 100 years, we also look forward to the work that remains undone. This would be a good year to remember a loved one by making a gift in his or her honor to BMM Foundation’s Memorial Fund. The Memorial Fund helps provide for the ongoing work of the Great Commission.
Charles & Mary Burks
Mrs. Marilyn Merrill
Carol Corbett
Ms. Geraldine Covell
Mr. and Mrs. Donald Faber
Goodview Baptist Church, Goodview, VA
Ms. Sunnie Griswold
Mr. and Mrs. Andrew Hughes
Miss Gerri Moose
Mr. and Mrs. John Prince
Mrs. Vera Pursel
The Ryan Agencies
Richard Merrill
Mrs. Marilyn Merrill
Martha Dunn Russell
Mr. and Mrs. Joe Brand
Valerie Grace Shepherd
Mr. and Mrs. Richard Young
Ellen Wickes
Wickes Family
Gloria Winchester
Mr. Neilene Winchester
In the past, most gifts were made by mailing in a check. Although many ways are available to make a gift of cash, consider other tax-advantaged ways to support Baptist Mid-Missions’s ministries.
To discover how and what you can give, visit our planned giving website at giftplanning.bmm.org.
We‘re 100 years strong, but we‘re always looking toward the future.
COVID-19 Creativity: Our commitment to carrying out God’s call in our lives, even in a year like 2020