MAKE AN IMPACT
When you choose to donate to Mission Waco Mission World, your gift helps give hope, resources and good news to those who are struggling in poverty on both a local and global scale. Mission Waco Mission World, Inc. is a 501(c)3 nonprofit organization that relies on charitable contributions to sustain its ministry.
Ways you can Support our Mission:
Become a monthly donor
For a donation of $35, $50, $100 or more each month, you can join our network of core donors who help sustain our ministry throughout the year. For your convenience, we offer automatic monthly drafts from your checking account or credit card. You can change or suspend your donation at any time. Contact our donations staff to find out more or call 254-753-4900.
Donate to our Endowment Fund made available through the Waco Foundation at 900 Austin Avenue, Suite 1000, Waco, TX 76701-1949.
Stocks or Bonds
Transfer gifts of stocks or bonds by contacting Taylor Bradley, Finance Director, or call our main office at 254-753-4900
By Mail or In-Person
Donate by sending a check or money order by mail or in-person to Mission Waco/Mission World, 1315 N. 15th St., Waco, TX 76707
Qualified Charitable Distribution (QCD)
The IRS allows you to satisfy your required minimum distribution by giving your money directly to a charity from your IRA. You’re allowed to donate up to $100k per year. The QCD will enable you to avoid paying taxes on the distribution, and it will satisfy your required minimum distribution.
Donor-Advised Fund (DAF)
This allows you to transfer appreciated shares to the fund. Once inside the DAF, you can sell your shares and purchase new investments without realizing a capital gain. You can deduct the contribution from your taxes, and it occurs in the year of your gift, not in the year of distribution, allowing you to direct the funds to a specific charity over an extended period of time.
Charitable Remainder Trust (CRT)
This trust allows you to transfer your shares to a CRT, sell your holdings, diversify your assets, and receive income from the proceeds. At your death, your charity will receive the remainder of the trust assets. The stock, once transferred, can be sold free of taxation and the proceeds reinvested into a diversified portfolio of stocks, bonds or funds. Your contribution to the trust qualifies for a charitable deduction. The amount of income you can receive from the trust is between 5% and 8% of the portfolio value. You will pay ordinary income tax on the income you receive.
The stock market has done well in general, so you may have stocks with unrealized capital gains. When you donate appreciated securities to a charity, you get the deduction, avoid a capital gains tax, and your charity receives the money. Let’s say you purchased YETI Holdings in January at $14.84, and today it’s selling for $31.90 for an unrealized gain of $17.06 or 115%. You can gift your shares directly to your charity and avoid paying taxes on the appreciation. The charity will sell the shares on the open market to receive the cash, and they, too, will avoid a capital gains tax. You must donate your securities, however, to a 501c3 organization, like Mission Waco Mission World, to receive a deduction.
You can leave a legacy by remembering Mission Waco Mission World in your will. We can assist you or your attorney with language to help you leave some of your estate to Mission Waco Mission World’s efforts.
Contact our Finance Director
There are many ways your financial gain can empower the lives of families in Waco and around the world for many years to come. If you have any questions about the above, please do not hesitate to reach out to us! Taylor Bradley (a CPA and our new Director of Finance), along with other professionals we trust can assist you in answering any questions you might have. Please email Taylor at [email protected] or call 254-753-4900 for more information.
Any questions? Call 1-254-753-4900 and ask for our donations staff in the admin office.
Please consult your tax advisor or the IRS regarding tax deductions for charitable contributions. Per IRS guidelines on Charitable Contributions, Publication #526, (A.) contributions that cannot be deducted include a contribution to a specific individual, (B.) the part of a contribution from which YOU receive or expect a benefit, and (C.) several additional types listed in the publication. Here are a few examples: A. If you are contributing for the expenses of a person that is going on a mission trip or helping interns reach their fundraising goals for the Intern Program, your donation can be tax-deductible only if you do not write the person’s name on the check. You may attach a note requesting that the contribution be used to support the person’s trip or the intern’s fundraising goal. If for some reason the person cannot go on the trip, due to IRS guidelines the Mission Waco/Mission World board of directors will determine subsequent use of your contribution. Donations are NOT refundable. B. If you are going on a mission exposure trip yourself, the fees you pay yourself may be tax-deductible depending on the nature of the trip. Please check with us for details at [email protected]
Thanking you for considering Mission Waco Mission World as your choice of charity.