Gifts That Reduce Your Taxes

A gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift. A gift of these assets can shield you or your heirs from taxes while funding Wycliffe Bible Translators.

Transfer ownership now: To make an impact on our mission today, irrevocably designate Wycliffe Bible Translators as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you will receive an immediate income tax deduction based on the policy value. If your policy is not yet paid up, you can make contributions of cash to Wycliffe Bible Translators to cover future premium payments. For any continuing premium payments you make, you will receive a charitable deduction in the year of the payment. Please contact our office to discuss gifting options for such policies.   Name us as a beneficiary: You can name Wycliffe Bible Translators as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Wycliffe Bible Translators will receive the proceeds of your policy when you pass away. You can change your beneficiary at any time. This gift is easy to arrange — simply request a beneficiary designation form from your plan administrator.