Unlock the Power of Giving Stock
3 Key Benefits to Multiply Your Impact
As the year draws to a close, many Christians seek ways to maximize their charitable giving. One of the most impactful strategies is donating appreciated stock. This approach supports the causes close to your heart and offers unique financial benefits to enhance the impact of your generosity.
- Amplify Your Giving Power
Donating stock can make a significant gift without dipping into your cash reserves. This allows you to maintain liquidity while contributing meaningfully to your favorite ministries.
- Enjoy Immediate Tax Advantages
When you give appreciated stock that you’ve held for at least a year, you’re eligible for a charitable deduction based on its current market value. This can lead to substantial tax savings, helping you give more effectively and efficiently.
- Bypass Capital Gains Taxes
One of the most compelling benefits of giving stock is avoiding capital gains taxes. If you were to sell the stock, you’d owe taxes on the appreciated value. By donating it directly instead, you eliminate that tax burden, allowing the full value of your stock to support Kingdom work.
Giving stock is a powerful way to align your financial resources with your values, enabling you to maximize the impact of your generosity.
To learn more about giving appreciated assets through Barnabas Foundation, call 888.448.3040 or email info@BarnabasFoundation.org.
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This content is written as part of Generosity Today (2024, Issue 4).
