Methods of Giving
There are many forms of giving other than cash or check, following is a list of some of the options available to donors who wish to support the ministry of Baptist Village Retirement Communities of Oklahoma. If you have any questions regarding gifts, please contact the development office at 1-866-887-BVRC. Gifts can be mailed to Baptist Village Development Office: 3800 North May Avenue, Oklahoma City, OK 73112.
Giving Options
You can give by cash or check. You can choose "unrestricted" which means your money will be used for the needs of the highest priority as determined by Baptist Village Communities or "designated" which means you select where and how the money is to be used. You can also give cash gifts through pledges which can be set monthly, quarterly or however you desire.
Card gifts are increasingly popular because they offer convenience and benefits. If you give with a card, you never have to pay postage, use Baptist Village printed materials, or lift a finger to donate. Your gifts are automatically withdrawn on the date or dates you specify with the information you provide. Some donors also receive benefits from their credit card company such as mileage or cash back rewards. You can donate online now.
Matching Gifts
Many employers will match your gift! We encourage everyone to find out if their place of employment offers these community incentives.
Honor and Memorial Gifts
You can honor or memorialize your friend or loved one with a gift. Baptist Village staff will acknowledge the gift and notify the honored person or family of the memorialized. To assist in this, you are asked to provide the full name of the honored or memorialized person, as well as the address of the person or family member to be informed of the gift.
Occasionally, donors are interested in significant and long lasting memorials, which can be established at $10,000 or more. To discuss such a gift, call the Development Office at 1-866-887-BVRC.
Gifts in Kind
Gifts of royalties, mineral interests, medical equipment, antiques, works of art, jewelry…you name it…can be given directly to Baptist Village Communities. The tax-break value of gifts will vary with each item.
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Planned Giving Options:
Securities, Real Estate, Life Insurance, Endowments, Bequests, Trusts, Planned Gifts
Each planned gift is set up to suit the individual needs and lifestyle of the donor while providing Baptist Villages with a significant gift. This gifting style can provide you with significant tax benefits and incentives while enhancing the lives of residents for generations to come. The following planned giving options are available to you.
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Securities
You may have marketable securities including stocks, bonds, and mutual funds that you no longer need and wish to gift. You can make a gift of securities to the ministry through a number of convenient methods. Gifts of securities may allow capital gains taxes to be avoided if given or transferred to BVRC directly.
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Real Estate
Homes, farms, commercial property, rental property, and other real estate can be given directly to Baptist Villages. We can help you carefully plan this type of gift to insure the best results for you and the residents you will help. BVRC cannot assume liabilities that may be attached to certain gifts of property. Other tax implications may also need to be considered. To discuss such a gift, call the development office toll free at 1-866-887-BVRC or locally at 405-942-3800 extension 4675.
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Life Insurance
You may own "paid-up" policies, the proceeds of which are no longer needed. In this situation, Baptist Village Communities can be made the owner and beneficiary. New policies may also be purchased with Baptist Village Communities named as the beneficiary. In this case, the amount of the premium paid is tax deductible.
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Wills and Estates
You can give a gift that reaches into the future to enhance lives. Baptist Village Communities works closely with the Baptist Foundation of Oklahoma to assist those who need help planning. As a ministry to the people of Oklahoma, the Baptist Foundation of Oklahoma provides expense reimbursement to those who designate ten percent of their estate or $25,000 to Baptist Villages or a Southern Baptist cause. Baptist Village Communities celebrate these donors through the Legacy Society. If you want to be a member or wish to discuss you estate, call the development office toll free at 1-866-887-BVRC or locally at 405-942-3800 extension 4675. To visit the Baptist Foundation of Oklahoma Website, click here: http://www.bfok.org/
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Gift Annuities
If you choose to set up a gift annuity, you will receive income for life and make a substantial gift to Baptist Village Communities. This income will have an interest rate based on your age, which is frequently above the rate paid by traditional investments. A percentage of the initial gift provides immediate tax deduction and part of the income may also be tax free.
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Charitable Remainder Unitrust
We can help you set up a unitrust, which will benefit you and Baptist Village Communities. With a unitrust, the donor receives income for life. The income amount changes every year because it is revalued annually and is based on a fixed percentage of the fair market value of the trust's assets. The initial gift amount of the trust and the percentage of return must meet certain standards.
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Charitable Remainder Annuity Trust
You can make a larger gift than you have ever dreamed with an annuity trust. With this type of trust, the donor receives a set amount of income for life and sets the payment. The payment amount is chosen at the outset. The income payments are fixed based on starting valuation of the trust.
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