Tax Saving Charitable Giving Ideas
Contributions of Stock
Donating stock that has appreciated in value may provide potential tax benefits. When you give appreciated stock to not-for-profit organizations like Friendship, you are generally exempt from paying capital gains tax. We strongly recommend you consult your financial planner or tax adviser before making a stock donation to determine how/if the potential tax advantages described here apply to your specific situation.
If you would like to donate stock to Friendship, please contact
at 952-447-0556.
Real Estate
Giving real estate to a church or other not-for-profit organization may offer a significant tax advantage to you. If the asset has appreciated in value over time, giving it to the church could reduce your tax obligation by avoiding the capital gains tax and receiving a deduction for the full fair market value of the property. Consult with your qualified tax advisor regarding your specific situation.
Because Friendship must be good stewards in how they manage the resources given to them, the church reserves the right to accept or decline gifts of real estate. Legal obligations and market forces can make acceptance of some real estate unbeneficial to the church at times. Please contact David Waggoner at 952-447-0556 to discuss the option of giving real estate.
Estate Planning
Estate planning is a wise option for the stewardship of God’s resources. Sound estate planning can save a substantial amount of tax obligations, allow you to direct your estate to the ministry that matters most to you, and provides resources to further God’s call for our mission.
Brad Leeper, Year-end Gift Project Guide, 2007
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