Page History
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- Cash
- Tangible Personal Property
- Securities and Stocks
- Real Estate
- Remainder Interests in Property
- Oil, Gas, and Mineral Interests
- Bargain Sales
- Life Insurance
- Charitable Gift Annuities
- Charitable Remainder trusts
- Charitable Lead Trusts
- Retirement Plan Beneficiary Designations
- Bequests
- Life Insurance Beneficiary Designations
- Cryptocurries
The following criteria govern the acceptance of each gift from donors. All non-cash gifts should be sold as quickly as possible upon receipt to realize the donor's gift value unless the item is donated for use by Reliant in its operations.
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If a donor wishes to donate a non-monetary/gift-in-kind donation to the overall ministry of Reliant, the donor needs to contact Reliant to obtain more information on the possible steps such as appraisal, completing tax forms, method of transfer, etc. Donors will normally receive a Reliant charitable receipt letter for non-monetary/gift-in-kind contributions that meet the proper criteria. In such cases, the donor must provide a letter to Reliant containing a detailed description of the donated item(s), the appraised fair market value of the donated item(s), a statement declaring that the employee has possession of the item(s), and the signature of the donor. The donor is responsible to have the item appraised, and if the fair market value of the item is over $5,000, the item must be appraised by an independent appraiser.
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Vehicles
Unfortunately, due to IRS restrictions, Reliant cannot accept vehicle donations from a donor that are ultimately intended for the personal use of a Reliant staff member or another specific person.
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Donors and supporters of Reliant shall be encouraged to name Reliant as beneficiary or contingent beneficiary of their life insurance policies. Such designations shall not be recorded on the books of Reliant until such time as the gift is irrevocable. Where the gift is irrevocable, but is not due until a future date, the present value of that gift may be recorded at the time the gift becomes irrevocable.
Cryptocurrencies
Reliant Mission may accept gifts of cryptocurrencies after due diligence is performed to determine that the asset is able to be transferred and liquidated. Cryptocurrencies including but not limited to Bitcoin, Ethereum, Cardano, Litecoin, Bitcoin Cash, Polkadot, Stellar, etc. that are commonly traded represent assets that are able to be transferred and liquidated. Other less traded and less liquidable cryptocurrencies will be assessed on a case-by-case basis to see if it is acceptable as a donation through our platform. It will be Reliant’s policy to sell digital assets immediately upon receipt, particularly because the price of these assets can be extremely volatile.
Miscellaneous Provisions
Securing appraisals and legal fees for gifts to Reliant
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In order for a gift to be properly receipted by Reliant, the project, ministry, or program must be approved by Reliant. The Board authorizes the Executive Management Committee of Reliant to raise and spend up to $25,000 per year for each Reliant project, ministry, or program consistent with the mission of Reliant (including grants to Reliant affiliated churches and other ministries with purposes consistent with Reliant's). All such projects, ministries or programs will need to be first approved by the Executive Management Committee, before any gift can be properly receipted by Reliant. (The $25,000 limit is after deduction or net of any administration costs for fundraising.) Projects, ministries or programs that require Reliant to raise and spend more than $25,000 per year (either directly or by grant to an affiliated Reliant church or other ministry with purposes consistent with Reliant's), will require additional specific Board approval before any gift can be receipted by Reliant. If there is a situation of a project, ministry or program that requires raising and spending more than $25,000, and the formal Board approval process could adversely delay the raising funds for the ministry or project, then the Board authorizes the Chairman of the Board and the Chairman of the Audit Review Committee to give preliminary Board level approval for the project, ministry or program. (Both persons must approve the project, ministry or program). Then official Board approval must still be obtained. The Board reserves the right to overturn any prior approval received by the Board Chairman and the Audit Review Committee Chairman. Also, as with all funds granted by Reliant, they would be subject to Reliant's Grant Making Policy. Reliant would require that each church or ministry submit a full accounting in writing for how the funds were ultimately used. Reliant reserves the right to obtain a return of any funds not used for the purpose for which they were raised or granted, in accordance with IRS and ECFA rulings on charitable fundraising.
