Gift annuities provide you and your survivor, or another person named by you, a guaranteed income for life in exchange for a gift of cash or securities. The longer you wait to start payments, the greater your tax deduction and annual rate of return. In a Charitable Lead Trust , assets are transferred to a trust which pays income from the fund to Tennessee Baptist Children's Homes for the number of years you determine. Charitable Remainder Trust assets are transferred to a trust which pays an income to the donor during the donor's lifetime. The remainder of the trust goes to TBCH at the donor's death.
Options are available to provide continuing income to the donor's spouse and children.
A gift bequest through your will for a dollar amount, specific property, a percentage of your estate, or the remainder of the estate provides a simple way to benefit the ministry of Tennessee Baptist Children's Homes. Persons making planned gifts to Tennessee Baptist Children's Homes through their wills are presented with a certificate inducting them into TBCH Heritage Club. There is no current tax deduction for gifts given in this manner but there are savings in estate settlement costs if the trust is not revoked. Life insurance proceeds can be given by naming TBCH to receive all or a portion of the proceeds of an existing life insurance policy. Purchase a new life insurance policy with TBCH named as the owner and beneficiary and receive an income tax deduction for each premium made.