You can increase your potential impact – and experience significant tax savings – by giving non-cash assets to the ministries close to your heart.
Reduce your taxes by giving stock, real estate, commodities or other non-cash gifts to your favorite Kingdom causes.
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 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.
Examples of Non-Cash Assets
- Stocks, bonds, mutual funds, and ETFs
- Gold and silver
- 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 of vacation homes) for the benefit of Kingdom causes.
“When everything went downhill for me, this is where I ended up,” says David* of his first visit to Mel Trotter Ministries four years ago. He arrived following the death of his beloved wife. “I basically lost my mind,” he says of his bereavement.
David was able to work, but he grappled with a serious drinking problem. He sought to overcome his issue, entered rehab, enrolled in a sober living house and began working two jobs. One night, he celebrated his progress with a beer, but quickly found himself in trouble again. Over the next few years, David spent significant time living on the streets of Grand Rapids. He would intermittently turn to Mel Trotter for a hot meal or a warm place to spend the night. He was always welcomed with love, dignity and respect.
*name and photos changed to protect the privacy of our guests