Did you know that the way we give can truly transform our lives? We have seen that giving brings forth transformation. Lately there has even been sentiment like “friends don’t let friends give cash.” What does this phrase actually mean?
Recently, ROTOM USA opened a Single Charity Fund through National Christian Foundation (NCF) to assist us with being able to receive non-cash gifts such as appreciated stocks or withdrawals from your IRA’s or 401k’s while helping maximize your tax benefits on this type of gift. A common issue not widely known is that one of the biggest and costliest mistakes people can make when it comes to planning their charitable giving is giving cash, and argued as such because “certain types of appreciated non-cash assets – such as marketable securities, real estate, and privately owned businesses – may provide double or even triple tax benefits by securing the same or similar charitable income tax deductions and also avoiding capital gains tax that would otherwise be triggered upon the sale of those assets,” according the National Christian Foundation.
We encourage you to be inspired and read more about the Power of being a Good Steward of your non-cash assets. Please visit this link for more info. CLICK HERE. And, if you want to know how you can use this fund to make non-cash gifts, feel free to contact me at [email protected] or our partner at NCF, Karen Outlaw ([email protected]) to learn more.
Each of you should use whatever gift you have received to serve others, as faithful stewards of God’s grace in its various forms. I Peter 4:10, NIV