by Bryon Swanson

In just a few short months, we will be sitting down to celebrate Christmas with our families and other loved ones. In no time at all, we'll also be ringing in the New Year and watching our mailboxes for 1099's from the bank and others. It is time to consider plans that can help reduce Uncle Sam's tax bite and allow you to invest in your favorite ministries with a gift.

You and so many others have given and sacrificed that others might come to experience the hope of the Gospel of Christ. The message has gone out and lives have been changed. The process repeats itself day after day, one life at a time.

It is wonderful that our government realizes how important giving is to this country and the world. It is so important that Congress allows tax deductions for gifts to your church or to a ministry like Back to the Bible. As Christians, our giving isn't motivated by taxes, but it is wise stewardship to make use of these provisions within the law.

As you consider before the Lord the gifts to make prior to December 31, please think about these options that may also help you in tax planning:

Giving cash is the most popular method, and it is simple and effective. You can receive a deduction up to 50% of adjusted gross income with a five-year carryover of any excess.

Gifts of appreciated property save capital gains tax and are deductible up to 30% of adjusted gross income with the same five-year carryover of any excess deduction.

Do you have a policy that is no longer needed for its original purpose? You can transfer ownership to Back to the Bible and receive a charitable deduction for the cash value. Certain rules apply that affect the gift and the amount of the deduction. Please contact us for further information.

A charitable gift annuity makes a sizeable gift to the ministry and makes payments to you for life. Cash or appreciated assets can be used as the deposit with significant capital gains protection. The rates of payment and deductible gift depend on your age. The rates range from 5.5% to 12.0%. Please contact us for specific information.

A Charitable Remainder Trust provides a substantial future gift to the ministry while providing you with current tax savings and annual income. It is best funded with appreciated real estate or securities because the appreciation in value is protected from capital gains taxation. We would be happy to discuss the unitrust with you in greater detail.

f you have questions about any of these techniques, you can reach us at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . Our goal is to help you accomplish what the Lord is leading you to do--caringly and without pressure.