In Bible times people often donated livestock. In today’s world, it’s more common to give appreciated stock because there is a double tax benefit.
When we give appreciated stock we not only receive a deduction for the fair market value of the stock, but we also avoid the capital gains tax.
When we give to our church and other ministries, most of us simply write a check from our income. However, making gifts from non-cash assets, such as stocks, can be a better plan of stewardship.
About 90% of a person’s wealth is not in cash and the government provides many tax incentives to encourage us to look beyond cash for our charitable giving. It’s good stewardship for Christians to take advantage of these tax savings incentives.
BBI has an excellent, confidential and FREE Will and Trust Planning Video Program on our website. These short video clips will help you understand the advantages of many different types of giving opportunities including non-cash gifts, such as stocks, real estate, life insurance and more. Business owners can also learn the benefits of giving private stock or about giving when selling a business.
It’s quick and easy to use, with no registration process and nothing to buy. This is a blessing to you from Bridge Builders.
And if you have any questions about including BBI in your legacy planning, please give us a call (541-602-6968) or send us an email — we’re happy to help.