Giving Your Gift
Your gift to Grace Bible College will impact future students and the future of Grace Bible College. Learn about various ways to give to Grace below.
Make Your Gift Today
Grace Bible College
ATTN: Fund Development Department
PO Box 910, 1011 Aldon SW
Grand Rapids, MI 49509
President and Congress Signed the Extension that Allows Tax-Free Gifts from Your IRA
If you are 70½ years or older Congress has authorized tax-free gifts from your IRA in 2014 allowing you to continue your support for Grace Bible College.
- You may contribute up to $100,000 per person to qualified 501 C-3 organizations.
- It will reduce your taxable income.
- Cut taxes on Social Security Benefits.
- While you cannot claim a charitable deduction for IRA gifts you will not pay income tax on the amount gifted.
To make a tax-free gift to GBC, simply contact your IRA plan administrators and then notify the development office of your plans so we may properly track and receipt this gift.
Please contact us should you have questions. We have a letter you may want to use to make the request to the trustee of your IRA. Download the Request for IRA Transfer Form.
Electronic Funds Transfer (EFT)
Transfer funds to GBC directly from your bank account.
Click here for downloadable form.
Electronic Stock Transfer (EST)
Transfer Stock to GBC directly from your investment account.
Please use the information below to make a stock transfer into our brokerage account.
Mr. Mike Meeuwsen
Account #: 336-017593
In an effort to assist students and their families with the cost of college, GBC provides institutional scholarships to qualified students.
The Grace Scholars Fund includes the following scholarships:
- The President’s Scholarship
- GBC Honors Scholarship
- Charles F. Baker Outreach Scholarship
- GBC Music Scholarships
- Christian Worker’s Scholarship
In addition, Grace has a number of named scholarships available for qualified students.
Helping Tomorrow’s Students Through Bequests
When a friend of Grace Bible College remembers the college in his or her will, the donor provides financial resources of lasting value to Grace students.
A bequest may be unrestricted – that is used for a general purpose – or designated for a particular use. Bequest may take one of several forms:
- A specific amount of cash or a specific asset
- A percentage of one’s net estate (for example, 20% of one’s estate after expenses and taxes are paid)
- A residual bequest (for example, whatever remains after family members of friends are cared for through specific amounts)
- A trust (for example, setting up a Charitable Remainder Trust that will pay out to beneficiaries for a period of time with the remainder to GBC)
If you do not have a will or living trust arrangement, it is very important to contact an attorney to establish an estate plan. If you have a plan in place, it should be reviewed regularly in order to account for any life changes (births, deaths, etc.). Also, as stewardship desires change, your trust document should be modified.
Undesignated GivingMany individuals choose to give to GBC without designating how their gift will be used. These individuals give monthly, quarterly or in some cases one time per year. Your partnership in this regular giving benefits the College through steady income allowing us to maintain the ministry of Grace Bible College.