Thinking Outside the Bank

3 Creative Solutions for Tax-Wise Giving

Considering an end-of-the-year gift to ministry?

Here are three tax-wise options that allow you to give in a substantial way without breaking the bank.

1. Gifts of Stock. If you have appreciated stock or other securities you’ve owned for at least a year, you can receive a double benefit by donating it to ministry. Not only will you receive a charitable tax deduction for the fair market value, but you’ll also avoid paying capital gains tax.

2. Gifts of Real Estate. Many people are able to give more than they ever thought possible by giving a vacation home, rental property, farmland or other real estate to ministry. It’s a smart way to redirect property that you no longer need or care to manage for the benefit of God’s Kingdom.

3. Gifts from Your IRA. If you are 70 ½ or older, you can make a substantial gift directly from your IRA. Not only will this gift meet your required minimum distributions, but it also reduces your taxable income.

Request your free copy of “Gifts That Reduce Taxes” by emailing info@BarnabasFoundation.org or call 888.448.3040.

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This content is written as part of Generosity Today (2023, Issue 4).