Most charitable gifts are given in the form of cash because this is so familiar. However, this is probably not the most cost-effective way for you to give to the ministry. Many people may have a large position of stock with a very low-cost basis or real estate with a very low-cost basis and selling it would incur a very large tax payment, because of capital gains. You can increase your potential impact – and experience significant tax savings – by giving non-cash assets to the ministries close to your heart.
EXAMPLES OF NON-CASH ASSETS
Stocks, bonds, mutual funds, and ETFs
Gold and silver
Artwork
Real estate
Business interests
Farm commodities
Life insurance
Retirement assets, such as gifts from your IRA
BENEFITS OF GIVING NON-CASH ASSETS
Tax-wise. Receive a fair market value deduction at the time of your gift and avoid tax liability on the sale of appreciated assets.
Eliminate hassles. Give assets you no longer need or want to manage (such as rental properties or vacation homes) for the benefit of the Mission programs.