Giving to the BCI Foundation - Giving Glossary
Click a letter below to view the terms defined.
A
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annual fund
total gifts made on a yearly basis to support the overall mission and general operations.
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annual gift
a donation given annually
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annual giving
1 an amount given annually.
2 a fundraising program that generates gift support on an annual basis.
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annuity
.noun
1a. a series of equal payments to a person annually or at fixed intervals.
1b. an investment that provides this as income for a specified period, such as the duration of the recipient's life. 1c the right to receive, or the duty to pay, such a payment. BCI Foundation encourages donors to discuss this subject with their personal financial adviser to determine their own individual benefit options.
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anonymous gift
A gift not publicly attributed to the donor.
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appeal letter
A letter requesting a donation to a fundraising campaign.
B
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BBB
Better Business Bureau.
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BBB Wise Giving Alliance
a not-for-profit organization that collects and distributes information on various not-for-profit organizations that solicit nationally or have national and/or international program services.
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benefaction
.noun
1a. generous or kindly action.
2a. gift to charity.
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benefactor
.noun
a generous donor, usually at the highest gift level.
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bequeath
.verb [with object]
to give or leave (personal or real property) by means of a will when one dies.
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bequest
.noun
1a. an act of bequeathing.
1b. a gift made in a will to be dispersed at the time of death.
C
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capital campaign
An intensive fundraising effort to meet a specific financial goal within a specified period of time for one or more major projects that are out of the ordinary, such as the construction of a facility, the purchase of equipment, or the acquisition of endowment.
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CFRE (Certified Fund Raising Executive)
1a. a designation, conferred by Certified Fund Raising Executive International that is awarded to a professional fundraiser who has met specified standards of service, experience, and knowledge.
1b. a person who has earned this designation.
Abbr. CFRE.
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charitable deduction
A tax-deductible gift made to a not-for-profit organization.
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charitable gift
the portion of a gift to a qualified charity that is deductible from a person's or corporation's federal income tax, a person's gift tax, or a person's estate tax.
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charitable-gift annuity
As stipulated in an irrevocable contract, a fixed sum of money paid at certain regular times by a charity to a donor or other designated beneficiary, or both, in exchange for the donor's gift of cash or property. BCI Foundation encourages donors to discuss this subject with their personal financial adviser to determine their own individual benefit options.
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charitable trust
1a. a trust established to benefit one or more charities.
1b. a trust that distributes its net income to one or more charities.
E
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estate planning
The planned arrangement of a person's assets during his or her lifetime and after death. Can be as simple as naming BCI as the beneficiary of a life insurance policy or listing BCI in their will for either a set amount or a percentage of the estate.
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endowment campaign
A campaign to obtain funds specifically to create or supplement an endowment fund of an organization.
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endowment
.noun
a permanently restricted net asset, the principal of which is protected and the income from which may be spent and is controlled by either the donor's restrictions or the organization's governing board.
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employee matching gift
A donation, made by an employee to a not-for-profit organization that is matched by a donation from the employee.
I
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in-kind
.noun
similarity in sort or type. In the phrase in kind.
.adverb
in goods or services, not in money, such as a contribution of equipment, supplies, space, or staff time. The donor may place monetary value on such a contribution for tax purposes.
M
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matching gift
1a. A gift contributed on the condition that it be matched, often within a certain period of time, in accordance with a specified formula.
1b. A gift by a corporation matching a gift contributed by one or more of its employees.
N
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NAP tax credit's special attributes
Carry forward for a maximum of 5 years
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NAP BENEFITS/ELIGIBLE USES
Missouri tax credit that can be applied to:
- Ch. 143 - Income tax, excluding withholding tax
- Ch. 147 - Corporate franchise tax
- Ch. 148 - Bank Tax, Insurance Premium Tax, Other Financial Institution Tax
- Ch. 153 - Express Companies Tax
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NAP eligible donors
Businesses and/or individuals who operate a sole proprietorship, operate a farm, have rental property or have royalty income are also eligible, as well as a shareholder in an S-corporation, a partner in a Partnership or a member of a Limited Liability Corporation.
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Neighborhood Assistance Program (NAP)
The Missouri State Department of Economic Development (DED) issues tax credits to an eligible taxpayer who makes a contribution to an approved NAP project. Eligible donors to BCI's NAP project receive a Missouri State tax credit for 50% of their donation. NAP tax credits are a tax reduction, coming straight from the bottom-line of the state income tax obligation.
P
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pledge
.noun
1a. a promise that is written, signed, and dated, to fulfill a commitment at some future time; specifically, a financial promise payable according to terms set by the donor.
1b. the total amount of such a pledge.
2a. verbal pledge. .verb [with object] to commit (a specified amount of money) as a pledge. Also promise to give.
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planned giving
gift planning.
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planned gift, a gift arranged by gift planning. One example
a contribution made over a period of time, such as giving a donation in one third increments over a three year period.
T
5
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501(c)3
The section of the Internal Revenue Service Code designation that exempts certain types of organizations (such as charitable, religious, scientific, literary, and educational) from federal taxation and permits these organizations to receive tax deductible donations.
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