Greetings and welcome to the Believe in Me Youth Empowerment Grants Program! We're here to bring tangible change to children's lives, and we're excited that you're interested in joining hands with us.
Youth Empowerment Grants Program Features
Ready to explore this journey with us? Here's what you need to know about eligibility:
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Program serves marginalized youth? You're on the right track.
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Nonprofit? Check. Tax-exempt? Double-check.
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Your objectives should align with ours – a shared mission is key.
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Show us your track record – your expertise carries weight.
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Handling finances well is important – show us you can manage funds effectively.
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Doing things “by the book” is essential – we're all about open and honest operations.
Eligibility Criteria
Application Process Overview
Step One: Submit Your Application
Provide us with insights into your program – who you are, your purpose, and how your goals align with ours.
Step Two: Due Diligence Workshop
We will meet virtually or face-to-face to understand your program and develop shared goals.
Step Three: Our Review
Our committee will meticulously evaluate your grant application, ensuring alignment and potential for mutual benefit.
Step Four: The Verdict
We'll notify you of the outcome – whether your grant application fits the bill.
Ready to Get Started?
Believe in Me Youth Empowerment Grants offers a platform to bring dreams to fruition. If you're driven to make a genuine impact on children's lives, let's embark on this journey together. Begin by submitting your Eligibility Screening Form – your entryway to the world of Believe in Me, where transformative change takes root.
More Details
What's Next
If you're selected for a grant award, we'll proceed to draft an agreement that outlines the specifics. Think of it as a roadmap for our collaboration.
Privacy and Confidentiality
Rest assured, your information remains confidential. We hold your trust in high regard.
Staying Current
Our grant policies may adapt over time. We'll keep you informed about any updates.
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Who can I give life insurance to?A beneficiary can be an individual, charity, a company or trust. If your beneficiary is an individual, they can be related to you, one of your kids, a husband or wife, a friend or or anyone else you happen to know. Charities are a common type of beneficiary as well.
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What value is used to determine my tax deduction if I change the ownership of my life insurance policy to a charity?The paid in cost basis of the policy or the fair market value of the policy, whichever is lower.
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How to gift life insurance proceeds without taxAs long as your life insurance has not converted to a modified endowment contract, there will not be any tax due.
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Who pays tax on personal life insurance given as a gift?No one will be required to pay tax on personal life insurance given as a gift.
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Do colleges like receiving life insurance as charitable gifts?Yes. Other nonprofits, like Believe in Me, also enjoy the benefits of receiving life insurance proceeds as a charitable gift.
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Is a life insurance planned gift revocable?If you own the life insurance policy, you are able to change the beneficiary at any time. if you are changing ownership of the life insurance policy to a charity to gain the tax benefits, you will not be able to revoke your planned gift.
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Can you deduct life insurance premiums + gifting?You can maximize your tax savings if you make a cash donation to the charity, restricting use to making premium payments on your life insurance policy.
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Can a fractional part of a life insurance policy be gifted?Yes. You may gift a % or the entire policy to charity.
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Can you gift life insurance premium payments?Yes, but you can maximize your tax savings if you make a cash donation to the charity, restricting use to making premium payments on your life insurance policy.