Giving - Donating

First Baptist School is worthy of your support through giving. Our desire is to see FBS become known as the premier and most reasonably-priced Christian School in Minnesota for preparing young people for God's will and service in our world today. To accomplish this we need resources. If you have a desire and ability to give to God's work at FBS here are some options afforded to you.

WAYS OF GIVING

There are many ways to make a donation that will benefit FBS students. Scrip, monetary gifts, and planned gifts are welcome at anytime. Monetary and planned gifts may be made with cash contributions, securities, or endowments. Should you have a particular item or material gift please contact the Secondary Administrator, Charlie Graves (651-423-2272) prior to donating.

SCRIP PROGRAM

Using Scrip Cards for your shopping, filling up with gas, or giving as a present or award to others is by far the easiest way to give to FBS on a regular basis.

The SCRIP program allows the Parent-Teacher Fellowship (PTF) to purchase gift cards for local vendors at a discounted rate. The gift cards are sold at face value generating a profit to help with school needs. Vendors include grocery stores, gas stations, retail stores, and restaurants. To read more, see SCRIP Program.

MONETARY GIFTS

Gifts of cash, assets, and securities are greatly appreciated by FBS. We welcome the opportunity to speak with you about how FBS fits withinin your giving priorities. Please contact the Secondary Administrator, Charlie Graves (651-423-2272) to discuss your individual interests and needs.

Endowments. Endowments enable FBS to benefit from your gift in the future. These named giving opportunities require a minimum commitment of $10,000 but can benefit any number of school functions, projects, and instruction.
Matching Gifts. Many employers have a matching-gift program that multiplies the gifts their employees make to charitable institutions of education. Given through a matching gift program, your gift can have double or triple the impact.
Memorial Gifts. You may choose to direct memorials to FBS. Gifts in memory or honor of a friend or loved one may be used to fund one or more of a variety of needs of FBS. The most obvious is that a minimum contribution of $50 will purchase a book. The book will be marked with a special memorial scribing indicating the honoree or the donor. For other memorial ideas, please contact the Secondary Administrator, Charlie Graves (651-423-2272).

DONATING MATERIALS

FBS welcomes gifts providing they support the teaching, research and other needs of the school. Gifts of materials other than those mentioned above will be considered on an individual basis and must be approved prior to receipt by the Secondary Administrator, Charlie Graves (651-423-2272). For example, collections for the library depend on the careful selection and acquisition of materials and gifts of books, periodicals, and other library materials.

Acceptance of Gifts. Upon receipt, gifts become the possession of FBS. As owner, the school has the right to determine retention, location, circulation, and all other considerations relating to use or disposition.
Making a Donation. Donations of materials may be dropped off at the FBS school office.
For large material donations, we may ask to review the collection prior to acceptance and in these instances we request a detailed list of items. If the gift does not match our needs, we will attempt to refer the donor to a more appropriate repository.
Tax Information. The following brief summary of information from Internal Revenue Service publications provides basic guidelines pertaining to tax deductions for donors of gifts-in-kind. It is not intended to serve as a complete account of the requirements or limitations covering tax-deductible gifts. For more information, consult the website of the Internal Revenue Service (www.irs.gov) or your local library and locate these IRS publications:
- Form 8283: Noncash Charitable Contributions and the Instructions for Form 8283
- Publication 561: Determining the Value of Donated Property
- Publication 526: Charitable Contributions
Because of tax considerations, FBS encourages donors to discuss prospective donations and appraisals with their attorneys or other tax experts for specific questions about charitable deductions for gifts-in-kind. In general, the fair market value of a gift-in-kind is deductible. A donation within a tax year valued at $250 or more requires a written acknowledgment from FBS as the recipient. If the donation is valued at more than $5000, the donor must obtain a qualified, independent appraisal and submit an appraisal summary with the return claiming the deduction. A copy of the appraisal must also be given to FBS. The acceptance of a gift appraised by a third and disinterested party does not in any way imply an endorsement of the appraisal by FBS.
Appraisals. Appraisal of a gift to the school for tax purposes is the responsibility of the donor since it is the donor who benefits from the tax deduction. To protect both its donors and itself, FBS as an interested party may not appraise gifts that it receives. FBS does not pay for appraisals.
Acknowledgement. FBS will make an appropriate acknowledgement of all gifts. Additionally, as part of the receipt or acknowledgement, the school will provide a brief written description of the donation. However, FBS does not ordinarily provide listings of donated materials nor are staff necessarily able to provide a precise reconstruction of the contents of a gift for tax purposes at a later date.
Contact Information. Additional questions on gifts should be directed to Secondary Administrator, Charlie Graves (651-423-2272).

BEQUESTS & PLANNED GIFTS

Bequests have the advantage of creating meaningful future gifts without lessening the assets available to you during your lifetime. Bequests can be made for the benefit of FBS, and may consist of the entirety or a portion of your estate.

Trusts and Charitable Gift Annuities. Charitable remainder trusts and charitable gift annuities may provide you (or others) income during your lifetime, a charitable income tax deduction, and provide substantial future support for FBS.
Bequests, charitable remainder trusts, and charitable gift annuities are legal commitments. While the Secondary Administrator, Charlie Graves (651-423-2272,) may provide information helpful to you, we suggest you seek the counsel of your legal and financial advisors. These advisors know your personal situation best.
For more information about including FBS in your estate plans, please contact us at 651-423-2272.

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