Ask A Planner 2

My Church and Non-Cash Assets

Q. Besides cash, are there other ways I can support my church?

A. Most gifts received by churches and other charities are in the form of cash, even though this is not always the most tax-efficient way to give. It may surprise you to know that almost any asset may become a charitable gift. For example, you may contribute stock and other securities, real estate, business interests, life insurance, grain or other commodities and retirement assets. Federal tax law makes gifts of appreciated assets especially advantageous. You can avoid capital gain tax, and receive a tax deduction for the fair market value of the gift. With these benefits, it will actually cost you less to give a gift of appreciated assets than if you give cash.

Barnabas Foundation makes it simple and efficient to give non-cash assets to your church, by establishing and maintaining a Legacy Foundation on your church’s behalf. 

Have Questions?

Schedule your complimentary conversation with a Barnabas Foundation planner by calling 888.448.3040 or email us by using the contact form below.