Non-traditional opportunities for resource stewardship and kingdom impact.
These “hidden assets” or “non-traditional gifts” are classified as anything other than cash or readily marketable securities. These gifts, while more complex than others, offer significant tax advantages and potentially greater charitable outcomes. Gifts of hard-to-value assets that have appreciated in value over the years can provide the giver with additional tax benefits not associated with gifts of liquid assets such as cash.
A representative from our ministry can guide you through the tax benefits associated with non-traditional gifts. Contact us today for more information on turning non-traditional assets like these into real spiritual impact for the good of Kingdom and our communities:
These assets are generally subject to long-term capital gain with a tax rate of 20% if the owner disposes of the asset. However, when the appreciated asset is gifted the capital gains tax is avoided. Also, the giver receives a charitable income tax deduction for the full value of the asset.
Transfer of stock is a very common way to give non-cash assets. If you have already or are planning to send a gift of stock to Strategic Renewal, please let us know by filling out the form at the bottom of this page. You can also download instructions for who to give by stock at the link below.
When individuals consider selling or transferring ownership in an appreciated non-traditional asset, they face major tax consequences. However, by supporting their favorite charitable organizations, not only do you receive tax deductions, but in many cases can also avoid paying federal capital gains tax on appreciated assets. By gifting the asset instead of selling it, charitable purposes and tax reduction or avoidance can be accomplished. Shift your hard earned resources to causes that matter to you personally, and make a difference.