As a donor-dependent, Bible-teaching ministry, Insight for Living gives thanks to God for our faithful financial partners who steward their resources so generously to help proclaim His Word around the world. Many have discovered simple and effective ways to give—such as IRA distributions, gifts of stock, or giving through a foundation—as an expression of faithful stewardship and a desire to invest in God’s kingdom. We invite you to consider the following opportunities as you follow the Lord’s leading.
Donor-Advised Fund (DAF)
A Donor-Advised Fund is an easy-to-establish, flexible vehicle for charitable giving. When you establish a DAF through a fund provider, you can receive an income tax deduction in the year you make contributions. A DAF enables you to spread and schedule your charitable giving over time. In this way, your DAF functions like a personal charitable checking account.
Qualified Charitable Distribution (QCD)
You can transfer funds from your individual retirement account (IRA) directly to Insight for Living. This is an effective way to have an immediate impact and ensure that Insight will continue to impact the world for generations to come. Here’s how it works:
- You must be 70 ½ or older.
- An individual may transfer up to a total of $105,000 per year and a married couple may give up to $210,000.
- An individual may take a one-time QCD up to $53,000 to fund a charitable gift annuity (CGA) or charitable remainder trust (CRT).
- Your gift must be transferred directly from the IRA account to Insight for Living.
- Your gift is a transfer of funds from your IRA to Insight for Living so it does not create taxable income for you and is not considered a charitable tax deduction.
- If you are 73 or older, the transfer of funds counts toward your annual Required Minimum Distribution from your IRA.
Stock Transfers/DTC Transfer
If you have your shares of stock in a brokerage account, this is a convenient way to transfer your securities. Simply instruct your broker to electronically transfer your securities out of your account into Insight for Living’s RBC Wealth Management account and provide the appropriate account information below:
RBC Wealth Management
1 Cowboys Way, Suite 450
Frisco, TX 75034
Greg Hornok
972-612-2921
Account: 315-13311
DTC: 0235
After your broker transfers your securities out of your account into Insight for Living’s RBC Wealth Management account, please email stocktransfer@insight.org to let us know about your gift. If you have any questions or need further information, please call Insight for Living at 1-888-272-1640.
For more information on how to use your wealth to create an eternal impact, please email EstatePlanning@Insight.org or call 888-272-1640.
The content found on this site is for informational purposes only. It should not be relied upon as legal, tax, accounting, or other professional advice. To determine how a gift or estate planning decision might affect your specific circumstances, it is recommended that you consult an attorney, financial advisor, or other qualified professional.
