Who to Ask
Debbie Carter has 20 years of experience in the financial services industry. Her greatest joy comes in knowing that God is using her to teach people to develop a giving lifestyle, and to endow the evangel in this generation. She can provide non-discretionary administrative services to you, the donor, at no cost. If you would like to make a special non-cash gift to Daystar or if you have any other questions please contact Debbie today. She is currently licensed with KMS Financial Services, Inc. as a Sales Assistant.
Daystar and KMS Financial Services are separate entities with no common ownership or control. In her role at Daystar, Debbie can put you in contact with an appropriately qualified Estate Planning attorney or qualified legal professional who can discuss any planning or gifting questions you may have.
Estate & Gift Services
Daystar Television Network
Ways to Give to Daystar
Many companies will match donations given by their employees to a non-profit organization. Check with your employer to see if they have an Employee Giving Campaign. If they do not, often times you can notify your supervisor and the company will provide Daystar with a form to fill out to start the process.
GIFTS OF PROPERTY
Daystar welcomes such donations as: buildings, land, vehicles, aircraft, jewelry, vacation homes, boats, Oil & Gas leases, motorcycles, stocks & bonds, rental property and art work.
SELLING A BUSINESS
Selling a business can lead to significant income and Capital gains taxes. With your attorney’s help, you can often use a charitable trust offered through Daystar Television Network to minimize or eliminate these taxes
GIFTS OF REAL ESTATE
A gift of real estate can provide considerable savings in capital gains taxes due upon the sale of appreciated property. At the same time, you receive a charitable deduction for the full market value of the property as determined by appraisal. Gifts of appreciated real estate are fully deductible up to a maximum of 30% of your adjusted gross income. The unused portion of your donation can usually be carried forward and deducted over a maximum of five subsequent years with the same 30% maximum each year, subject to certain limitations.
GIFTS OF APPRECIATED SECURITIES
A gift of appreciated publicly traded securities can bring you tax savings by offering two significant advantages.
LIFE INSURANCE GIFTS
The contribution of an existing or new life insurance policy can provide a significant gift in a manner which can be especially attractive for younger donors. By designating Daystar as both the owner and beneficiary of a life insurance policy, your premiums may be tax deductible.
How does it work? Simply purchase a life insurance policy and name the charity as your beneficiary. For example, let’s say you have a $200,000 policy. You can leave $150,000 to your family and $50,000 to your favorite charity such as Daystar.
If you donate a term life policy to a charity, you can deduct the cost of the premiums from your taxes. If you donate a whole life policy, you can deduct the cash value of the policy as well as the cost of the premiums. In both cases the charity gets the policy proceeds.
OIL, GAS, MINERAL LEASE
Own an oil, gas or mineral lease, or surface rights? Why not donate it to Daystar and receive some healthy tax advantages, so we can convert your donation to help those less fortunate around the world?
If you’ve already decided to include Daystar Television in your will and you have contacted your legal and financial advisors; here are some sample statements that you can immediately include:
I. ______________________________________________________, give, devise and bequeath ail the residue of my estate, including real and personal property, to
(Word of God Fellowship inc. / dba Daystar Television Network).
As a percentage:
I, __________________________________________________, give, devise and bequeath an amount equal to % of my estate to (Word of God Fellowship, Inc. / Daystar Television
As a specific amount:
I, _________________________________________ , give, devise and bequeath the following items to (Word of God Fellowship inc. / dba Daystar Television Network)
By Giving ____________________________________________________________________________________.
If you’re like many consumers you’re probably trying to cut back on spending. There is one expense, however, that’s worth making: giving to charities like Daystar Television. Not only do you help us reach souls around the world; including countries like Israel, but it will also do wonders for your tax bill. Making donations of money or non-cash items to qualified charities like Daystar before year’s-end and you can deduct a good portion of that amount from your 2012 tax bill. If you would like to make a special non-cash gift to Daystar please email [email protected]
Consult your legal and tax advisors before making any material decisions based on this information.