Understanding Your Annuity or Trust Tax Forms

By now everyone who has created a gift annuity or charitable trust through the Moravian Ministries Foundation has received their tax forms. We are pleased to share information from Kaspick and Company, our investment manager, on how to understand these forms.

Understanding Your Federal Schedule K-1 (Form 1041)
You and your tax advisor may find the following points helpful as you prepare your personal tax returns.


Entrance to God's Acre

I write this two days before Palm Sunday, the beginning of Holy Week, which culminates in Easter and the Resurrection.  It’s also three days before the vernal equinox and the beginning of spring.  Both are powerful images of the triumph over death.  Jesus has conquered death for us all and we have survived another winter.

Turning 65, Giving Thanks, and Giving Back

Turning 65 has not been as traumatic as I imagined it would be when I was younger, but I have begun to think about the time I have left and my legacy. 

Certainly being 65 today is much different than it was for my parents and grandparents. I recently found a picture of my beloved maternal grandparents. They both look so old, yet when the photo was taken they were younger than I am today. Maybe I am in denial – I may really look as they did, but I don’t think so.

Gift Planning

This week we're pleased to share the following from Michael Reeves, one of the authors of Creative Giving.

While the concept of estate planning is a relatively new idea, the principles of managing the assets God provides to us are biblical. Although it is not a biblical statement, the following comment, attributed to Andrew Carnegie, is certainly congruent with these principles: The man who dies rich dies disgraced.

When Equal Isn't Equal

John, a widower, wanted to leave his children equal portions of his estate, so he decided to give each of them different assets of the same value. John’s expectation was that they would receive equal amounts, but when taxes were taken into account the children were treated unequally—and that difference has implications for charitable gifts as well.