Adam Lopez

Smart and Powerful Year-End Giving

Article Type: Ask a Planner

Q: What are the best giving options to consider in these economic times?

A: Depending on your goals and situation, there are several opportunities that may stretch the value of your gift and/or reduce your taxes.

If you’ve owned stock for at least a year, and it has increased in value since the time you first purchased it, this is still much more cost-effective than giving cash. You’ll receive a tax deduction for the fair market value and avoid paying capital gains.

If you’ve made gifts into your Stewards Fund (or other donor-advised fund account) in the past, this is also a great time to deploy those dollars and put them to good use.

If you are 70 ½ or older, you might also benefit from giving from your IRA. This is a powerful way to support your favorite ministries and reduce your taxable income, whether or not you itemize.

Q: What are the primary advantages of giving through the Stewards Fund?

A: Through the Stewards Fund (Barnabas Foundation’s donor-advised fund), you can give cash, stock or other non-cash assets into a single online giving account, receive an immediate tax deduction, and then recommend grants to one or more of your favorite ministries at a later date. This is especially beneficial in the year-end rush.

Have Questions? Call us at 888.448.3040 or email to ask a planner.