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HOW TO DONATE

IRS Status of Cornerstone Ministry

Cornerstone Ministry was started in 1968 as a 501c3 philanthropic, educational, and religious foundation. Our founder and president, Jim Dewberry, is active in both building experimental aircraft and in Christian work. Our director, Norris Anderson, has been with the ministry for over 30 years. The IRS has determined that donors may deduct contributions to Cornerstone Ministry as provided for in section 170 of the IRS Code.  Our current standing with the IRS can be checked by calling the IRS at 877-829-5500 and providing them with our Tax ID number, 23-7007378.  We greatly appreciate that you may be considering us for a possible donation.

What Happens to Your Donation?

We give suitable aircraft projects to missionaries and mission organizations.  Others are sold and 100% of the proceeds go directly into the ministry for ministry purposes as stated in our charter (philanthropic, educational, and religious activities).  We have an active Bible teaching ministry based on topical and expository Power Point presentations.  We also speak at apologetic conferences and have worked over the years to bring balance to the teaching of origins in the public schools.  One of our philanthropic ministries is to regularly support homes for abused girls in the Philippines.

The Donation Process

When you donate a project or flying plane to Cornerstone Ministry you are entitled to the fullest tax deduction allowed by IRS. To enable you to meet IRS regulations we provide you with two important tax documents. The first is an official donor receipt that lists what has been donated but without any stated value. This document shows IRS that you have donated to an IRS recognized 501c3 corporation. The second document we provide is IRS form 8283. You file this document with your taxes to report the value of your donation.   When the value of a gift is $5,000 or less then only Part A is to be filled out.  When the value of a gift is over $5,000 then the donor is responsible for filling out part B which must include an appraiserís signature.  As the charity that receives the donation we must by law remain at arms length from the appraisal process.  The donor is therefore responsible for contracting with an appraiser.  To find an appraiser go the website - http://www.plane-values.com/search.php - of the The National Aircraft Appraisers Association (NAAA), the Trade Association for professional aircraft appraisers.  You will be asked for you zip code, and will then receive via email the names and contact information of three certified appraisers in your area. We also supply a Deed of Gift that you sign to transfer ownership to Cornerstone Ministry.  This document serves the same function as a bill of sale.  An extra copy of the deed of gift will be included for your files. 

We try to solve concerns about liability in two ways. First, whenever possible, we give a donor receipt for "parts pertaining to" a given project.  According to the FAA, liability is not attached to "parts". Also, upon request, we will issue a letter of indemnification.  You can see a copy of this letter by clicking on the third thumbnail below.

The final step in the donation process is the pick-up. We bear all expenses for picking up a project, and try to arrange a pick-up time that will be convenient for the donor.

Our Statement of Faith

We believe the Bible to be the inspired, inerrant Word of God, The only rule of faith and practice.

 We believe that there is one God, eternally existent in three Persons:  Father, Son and Holy Spirit.

 We believe in the Deity of our Lord Jesus Christ, in His virgin birth, His sinless life, His miracles, his vicarious and atoning death, His bodily resurrection, and future personal return.

 We believe that salvation is by Grace through Faith alone.

 We believe in the bodily resurrection of all men, the saved to eternal life, the unsaved to judgment and eternal punishment.

 We believe in the spiritual unity of believers in our Lord Jesus Christ, and that they comprise the Church which is His body.  We support the local Church as Godís primary instrument for propagation of the Gospel.

How to Contact Us

Our mailing and physical address is Cornerstone Ministry, 514 Pilgreen Road, Leeds, AL 35094. We can be reached by phone at 205-821-9076. We can also be reached via e-mail at planekit@aol.com

(To enlarge a form below, double-click on the selected form in the thumbnail strip, and an enlarged version will appear below.  The first form is 8283A, the second is 8283B, and the third is a Letter of Indemnification. To print the form, right click on the enlarged form and select "print" from the drop-down menu.)

 

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IRS Form 8283 A

This first page of form 8283 is used for donations worth $5,000 or less.

 

Send e-mail to planekit@aol.com
Last modified: 03/13/15