4 Powerful Benefits of Non-Cash Gifts
“I wish I could do more!”
It’s a common sentiment that supporters express when giving to ministries close to their hearts. Many donors feel their only giving options are what cash is available to them right now.
But have you thought about other ways to give?
When it comes to supporting the Beacon Hill Foundation, giving non-cash assets (such as stock, real estate, business interests, commodities or machinery) can benefit you in a number of ways.
- Reduce your taxes. Receive a deduction for the fair market value at the time of your gift and avoid the tax liability on the sale of appreciated assets.
- Eliminate hassles. Give assets you no longer need or care to manage for the benefit of the Beacon Hill Foundation.
- Increase your giving capacity. Give from your excess resources without restricting cash flow.
- Eliminate burdens for your heirs. Reduce potential taxes or complications for your loved ones by giving complex assets to ministry rather than leaving them in your estate.
By considering all your available options, you can achieve tremendous Kingdom impact and reduce your taxes.
Ready to learn more about how you can support the Beacon Hill Foundation in smart and powerful ways? Contact Andi Allen by calling (616) 608-8285 or emailing Andi.Allen@beaconhillgr.org
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