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Planned Giving

Do you need a tax deduction because you?

Sold real estate

Cashed in an annuity

Have a one-time income increase from a bonus/stock options

Are over 70½ years old and required to make an IRA Minimum Distribution

Thank you for considering supporting the work of Canyon Ministries. Donations can be a win/win opportunity helping both you and the ministry by providing immediate and/or long-term tax benefits for the donor while supporting the ministry at the same time. Below is the information necessary to make electronic stock, bond, or bank transfers directly to Canyon Ministries, information on making IRA Required Minimum Distribution donations, as well as non-cash and other planned giving options. 

If you have general questions, please do not hesitate to contact us. If your questions are tax-related, we recommend you contact your personal financial planner/tax professional. If you do not currently have one, we can recommend Randy Huston, a Certified Financial Planner® with Yellowstone Trust Administration who specializes in Charitable and Planned Giving, and Estate Planning. Randy has no financial connection with Canyon Ministries and there is no charge for his planning services. Here is what  Randy has to say about a couple of the options.

All gifts to Canyon Ministries, a 501(c)(3) non-profit organization, are tax-deductible to the fullest extent allowed by law. Gifts given to a specific program will be used for that program unless we receive more contributions than can wisely be used for that program.

Disclaimer – The information provided here is not intended to be tax, legal, or financial planning advice. We highly recommend you consult your tax professional or financial institution to ensure your donation complies with the full extent of the law.  Also, see our – Uniform Disclosure Statement .

Select the donation option below for more information

Securities, Stock, and Bond Transfers


Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Canyon Ministries.

Benefits of gifts of stocks and bonds

      – Avoid paying capital gains tax on the sale of appreciated stock

      – Receive a charitable income tax deduction

      – Further the mission of Canyon Ministries

How to make a gift of stocks and bonds

By electronic transfer – Please download the Electronic Transfer Information necessary to transfer stock or bonds from your brokerage or investment account directly to Canyon Ministries Vanguard brokerage account.

By certified mail – If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this form from your broker or bank. Please remember to use certified mail.

More on gifts of stocks and bonds
While we are not in a position to give tax advice, you should be aware there are special rules for valuing a gift of stock. Generally speaking, the value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift. We recommend you consult with your tax professional to verify the tax value of your donation.

Donation details

If you are planning to make a donation of this type, please use the form below to provide us with the details to ensure it is processed correctly.


Securities, Stock and Bond TransferElectronic Funds Bank TransferIRA Required Minimum DistributionNon-cash Donation

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Electronic Funds Bank Transfers

A contribution by Electronic Funds Transfer directly from your bank or investment account to ours is simple and quick. It can be especially useful when sending funds from outside the United States. Please download the Electronic Transfer Information necessary to transfer funds from your account to Canyon Ministries Bank of America account.

Donation details

If you are planning to make a donation of this type, please use the form below to provide us with the details to ensure it is processed correctly.


Securities, Stock and Bond TransferElectronic Funds Bank TransferIRA Required Minimum DistributionNon-cash Donation

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IRA Required Minimum Distribution

If you are 70½ years old or older, you can take advantage of a simple way to support Canyon Ministries and receive a tax benefit in return. You may use your Required Minimum Distribution (RMD) to give up to $100,000 from your IRA, including your 401(K), directly to a qualified charity such as Canyon Ministries without having to pay income taxes on the money. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. If you have not yet taken your RMD for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

For the RMD to be tax-free, the contribution (check) must be made out to the charity.  It can not be made out to the individual, then sent to the charity.  It will not be considered a tax-free transfer if you withdraw the money first and then make a donation. Different financial institutions handle RMD’s in different ways.  Some send the check directly to the charity, some send the check (made out to the charity) to the individual, to be forwarded to the charity.

If you are considering an RMD charitable gift to Canyon Ministries, we recommend you consult with your tax professional or IRA custodian to ensure it complies with the full extent of the law.

Benefits of RMD gift

– If you itemize your taxes, an RMD can be more than a tax deduction because the donation, called a qualified charitable distribution, keeps that amount out of your adjusted gross income. It can help you stay below the income cutoff for some other taxes and charges.

– Making an RMD to a qualified charity also keeps that money out of the calculation for Medicare premiums, potentially keeping you from being pushed into a higher premium level.

– Making an RMD to Canyon Ministries helps further our mission.

Helpful links

Get additional information on RMD’s on the IRS Retirement Topics – Required Minimum Distributions website.

Here is an article on How to Ensure Your IRA Donation to Charity Is Tax-Free from Kiplinger. Run this Google search to find many more.

There are several tools available to calculate your RMD. Both Kiplinger and Charles Schwab have them, as so do most major financial-service companies.

Donation details

If you are planning to make a donation of this type, please use the form below to provide us with the details to ensure it is processed correctly.


Securities, Stock and Bond TransferElectronic Funds Bank TransferIRA Required Minimum DistributionNon-cash Donation

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Non-cash Donations

Your treasures like real estate, valuable antiques, stamp and coin collections, works of art, cars, boats, and other personal property can make suitable charitable gifts today or after your lifetime. The financial benefits of the gift depend on whether we can use the property in a way that is related to our mission.

Related use property (e.g., a piece of artwork donated to an art museum) is deductible at the full fair market value. Any other property is deemed nonrelated use property and the deduction would be limited to the lesser of fair market value or your tax basis in the property.

As a small ministry, we are not always in a position to accept a non-cash donation, but we would love to discuss what you have in mind.  Please use the form below to give some details, and we will contact you as soon as possible.  Or, just give us a call at (928) 251-3000 to discuss the options.

Thanks so much for considering Canyon Ministries.


Securities, Stock and Bond TransferElectronic Funds Bank TransferIRA Required Minimum DistributionNon-cash Donation

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Other Planned Giving Options

Generally speaking, planned giving options are used when there is a desire to generate a tax deduction due to events like selling of real estate or a business, liquidating an annuity, or in the case of a significant income level. There are numerous ways to donate funds to Canyon Ministries, many of which provide immediate and/or long-term tax benefits. Some provide funds while still living, while others are designated from your estate. Below is a list of just some of the options (click on the option for a summary).

Beneficiary/bequest designations

Charitable gift annuity

Donor-advised fund

Charitable remainder trust

Grantor charitable lead trust

We recommend you consult a tax or estate planning professional if you are considering any of these options. If you do not currently have a professional advisor, or would like to have a specialist work with your advisor, we can recommend Randy Huston, a Certified Financial Planner® with Yellowstone Trust Administration who specializes in Charitable and Planned Giving, and Estate Planning. Randy has no financial connection with Canyon Ministries and there is no change for his planning services. If you would like to contact Randy, please fill out the information below and he will get back to you.


Charitable gift annuityBeneficiary/bequest designationsDonor-advised fundCharitable remainder trustCharitable lead trustNot sure


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As a Financial Planner, I am very interested in the details of the new tax law that Congress recently passed.  The good news is that the new tax law was very good for donors to charities. 

I regularly receive phone calls from other advisors asking how they can help their clients avoid capital gains tax on the sale of an asset or how can they increase the income for their clients using the generous tax laws Congress has given us.  The biggest number of questions usually is about how more deductions can be generated in response to high income or tax events in a client’s life.

One idea I like to talk about with advisors is for anyone who has sold or is selling an asset this year with a big tax problem.  Have you sold a business, real estate, or stock options and realize there will be a substantial tax bill at the end of the year?  There is a special type of trust called a Charitable Lead Trust that allows you to receive a large income tax deduction now while not giving away the principal.  You let Canyon Ministries receive a small annual income for a term of years, normally 5 to 10 years, and then you get the trust back.  Essentially, you let Canyon Ministries “rent your money for a few years.” The longer the term, the higher the deduction for you.

Saving on taxes is a good thing.  Saving substantial taxes in a year you have a large taxable sale is an even better thing.  Wouldn’t you rather support your favorite charities instead of sending those same dollars to the IRS?

There are many more ideas we can share with you regarding ways to benefit you and your family.  And, with these great benefits for you comes a nice benefit for Canyon Ministries as well. We are glad to talk with your advisors to see what ideas fit your situation best.

UNIFORM DISCLOSURE STATEMENT

Canyon Ministries is a public charity exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code. All contributions to Canyon Ministries are tax-deductible to the fullest extent allowed by law. Our policy is to apply all gifts given toward a specific program to that program. Occasionally, we receive more contributions than can be wisely used for a specific project - when that happens, we use these funds to meet other pressing needs of the ministry.

Certain states in which Canyon Ministries is registered to solicit charitable contributions require us to advise you that a copy of our financial report and other information is available from them. If you are a resident of the following slates, you may obtain information by contacting: FLORIDA: A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE, WITHIN THE STATE, 1-800-435-7352. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL OR RECOMMENDATION BY THE STATE. Florida Reg. #CH 421341. MARYLAND: For the cost of copies and postage, registration documents and information submitted under the Maryland Charitable Solicitations Act are available from the Maryland Secretary of State, State House, Annapolis, MD 21401, (410) 972-5543 or, within Maryland, 1-800-825-4510. VIRGINIA: A copy of the financial statement is available upon request from the State Office of Consumer Affairs in the Department of Agriculture and Consumer Services, PO. Box 1163, Richmond, VA 23218, (804) 786-1343, or, within Virginia 1-800-552-9963. WASHINGTON: The registration statement required by the Charitable Solicitation Act is on file with the Washington Secretary of State. Financial disclosure information is available from the Secretary of State, Charities Division, P.O. Box 40234, Olympia, WA 98504 or, within Washington, call 1-800-332-4483. WEST VIRGINIA: West Virginia residents may obtain a summary of the registration and financial documents from the Secretary of State, State Capitol, Charleston, West Virginia, 25305. Registration does not imply endorsement.

REGISTRATION WITH A STATE AGENCY DOES NOT CONSTITUTE OR IMPLY ENDORSEMENT, APPROVAL OR RECOMMENDATION BY THAT STATE.

IMPORTANT TAX INFORMATION

The Internal Revenue Code permits you to deduct the amount you give in excess of the fair market value of materials or services provided by Canyon Ministries. Unless otherwise noted on your receipt, no goods or services were provided in return for your contribution, or their value is considered insubstantial according to the IRS' definition of low-cost articles. If you have any questions about your receipt, please contact us. Since Canyon Ministries is unable to provide tax advice regarding your contribution, we recommend that you contact your tax professional for any specific questions you may have.

 

 

Beneficiary/bequest designations:
A charitable bequest from a will, trust, or insurance policy is one of the best ways for you to express your specific charitable goals. In fact, the bequest is the most frequently utilized methods to support charity in America.

Here are some of the options for your bequest to charity:

>  a specific dollar amount
>  a percentage of the estate
>  Specific assets

Your gift is important! While many may think charitable giving is reserved for the select few, the truth is every bequest to Canyon Ministries helps us continue the work of sharing the truth of God’s Word at the Grand Canyon.

The language in a will to specify a bequeath is simple, but must be specific.  For example, "I bequeath the sum of $10,000 to Canyon Ministries, Parks, Arizona."  Consult your professional advisor to ensure it is correct.

Charitable gift annuity:
This annuity is set up as a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity. When the donor dies, the remaining funds go to the charity.

The amount of the income stream is determined by many factors including the donor's age and the policy of the charity. Most charities in the United States use payout rates defined by the American Council on Gift Annuities.

Donor-advised fund:
A donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, the donating individual or organization places assets in a fund and receive an immediate tax benefit. They surrender ownership of anything they put in the fund, but retain advisory privileges over how their account is invested, and how it distributes money to charities.

Charitable remainder trust:
A charitable remainder trust is an irrevocable trust that generates a lifetime income stream for you, as the donor to the trust, with the remainder of the donated assets going to your favorite charity or charities. The trust offers flexibility and some control over your intended charitable beneficiaries. It can reduce capital gains tax, increase income, while creating a charitable income tax deduction.

Grantor charitable lead trust:
A grantor charitable lead trust is an irrevocable trust that is most commonly set up for a term of years such as 10 years or 15 years. The income goes to charity, commonly 5% to 10% for the term of years, after which the trust principal reverts back to the grantor (the donor). A large first-year income tax deduction is generated for donors in a high tax bracket or donors who have a “spike year” of income such as the sale of real estate, a business, stock options or distributions from a qualified plan.