Gifting
Assets
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Outright Gifts of Assets
and Retained Life Estates
Gifts that may be given outright
include cash, long-term appreciated stock, mutual
fund shares, and most types of real estate. Both
cash and non-cash gifts offer certain tax advantages
while allowing Gospel for Asia to use the gift
immediately. When real estate is given, you may
retain a "life estate" and live on the
property for the reminder of your lifetime.
Assets: Cash
Cash is the easiest of all assets to transfer
in order to fund an outright or life income gift
to Gospel for Asia. Ordinarily, the receipt of
your check by Gospel for Asia completes the transaction.
For
more information
call Kris Davis at Gospel for Asia 1-800-WIN-ASIA
(946-2742) or email (click
here)
Cash may also be used to fund
a life-income gift, such as a charitable gift
annuity. A charitable gift annuity is likely to
provide higher income than either a certificate
of deposit or a savings account.
Outright Gifts of Other Assets
You may discover giving appreciated assets to
be a particularly attractive way to make a gift
because you are supporting Gospel for Asia with
a greater gift and at a lower cost than when making
a cash gift. For more information
call Kris Davis at Gospel for Asia 1-800-WIN-ASIA
(946-2742) or email (click
here)
Stock or Mutual Fund Shares
By giving securities that you have owned for more
than one year, you will receive an income tax
deduction for the full fair-market value and you
will completely avoid capital gain tax. For
more information (click here)
Real Estate
Gospel for Asia accepts gifts of approved residential
and commercial properties. Gifted properties are
then sold and the proceeds used to support our
mission. If you have owned the property for more
than one year, you will receive an income tax
deduction for the full fair-market value of a
property and completely avoid capital gain tax...More
on Real Estate (click
here)
Retained Life Estates
You can donate your residence, vacation home,
or farm to Gospel for Asia, while reserving the
right to continue living in or using the property
after making the gift. You will receive an immediate
income tax deduction for a portion of the fair-market
value of your property. You will continue to be
responsible for insuring, maintaining and paying
the property taxes...More on Retained Life Estates
(click here)
Note: Cumulative gifts to charity
of appreciated securities and real estate are
deductible up to 30% of your adjusted gross income,
with a 5-year carry-over for any excess.
Our
friends at PhilanthroCorp would like to hear about
your stewardship and philanthropic interests
and financial goals. They can help you design
strategies that will support the Lord's work through
Gospel for Asia while maximizing your tax and
financial benefits. Of course, all recommendations
will need to be discussed with your own legal
and tax advisors.
For more information about establishing
a retained life estate, please contact a PhilanthroCorp
Estate Specialist, call 800-876-7958 ext
2127 or email (click
here)
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of Estate Planning
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Information
on this site is NOT intended for legal advice.
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Planned Giving
