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Louisiana Baptist Foundation News

Thursday
Oct132011

In a difficult economy, you should still plan to give

Giving USA, a research foundation that publishes data and trends about charitable giving, recently released its annual report on philanthropy for the year 2010. The good news is that charitable giving increased by just over 2 percent this last year.

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Thursday
Oct132011

Her life was ordinary and yet — extraordinary

She married late in life and moved from her home in Mississippi to Baton Rouge with her husband.

She lived in the same house for almost 50 years. She walked to the nearby grocery store on Plank Road for her basic provisions.

Because she never learned to drive, her husband or friends drove her where she needed to go. And she loved working for the Lord in her local church.

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Thursday
Mar032011

2011 Tax Tips

This year you have a few extra days to file your federal and state income taxes. The deadline to file your 2010 federal income taxes is Monday, April 18, 2011; your Louisiana Income Taxes are due Monday, May 16, 2011.

Our United States Congress waited later than usual (mid December 2010) to pass some changes to the federal tax laws. Most of these changes are temporary, with some tax laws only good for the year 2011, others extend through 2012 and a few laws are retroactive to 2010. Unless you have a simple tax return with no deductions, you may need a CPA or tax software to ensure you get the maximum deductions and pay the least tax.

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Thursday
Jan202011

Tax bill extends Bush tax cuts, impacts charitable giving

In mid December, Congress passed a tax bill that prevented major tax hikes for 2011. The legislative act also extended unemployment benefits and offered a temporary reduction in payroll taxes for this year, while several of the provisions impact charitable gift planning. The bill provided only temporary extensions of the provisions included and these issues will be addressed again in 2012.

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Thursday
Jan202011

Laying the groundwork for legacy of giving

There is little doubt that the current population in the United States has more wealth at its disposal that any other in history.

Numerous articles over the past ten years have given estimates from such a "small amount" of 11 trillion dollars to as much $42 trillion that will transfer from one generation to the next by 2050.

Regardless of the actual amount, the question is how that transfer could impact charitable giving, particularly Christian ministry.

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