We’ve all heard the saying, “Cash is king!” But is it really?
When it comes to supporting Grace Christian University, there are often more cost-effective ways to give than simply reaching for your wallet or checkbook. In fact, giving non-cash assets can open new doors for generosity, stewardship, and impact.
Non-cash gifts include assets like stocks, real estate, business interests, commodities, or machinery. These types of gifts not only bless ministries like Grace Christian University but also provide significant benefits to you as a donor.
Here are four powerful reasons to consider non-cash giving:
1. Reduce Your Taxes
When you give appreciated non-cash assets, you can receive a deduction for the fair market value of the gift at the time it’s given. You also avoid paying taxes on the sale of those appreciated assets, which can result in significant savings.
2. Eliminate Hassles
Have assets you no longer need or want to manage? By gifting them to Grace Christian University, you simplify your life while advancing Kingdom work.
3. Increase Your Giving Capacity
Giving from your excess resources, such as appreciated stock or property, allows you to make a greater impact without affecting your day-to-day cash flow.
4. Eliminate Burdens for Your Heirs
Complex assets can often create tax burdens or complications for loved ones. By giving these assets to ministry, you reduce potential challenges for your heirs and leave a legacy that points to what mattered most to you.
This information is provided for educational purposes only and is not intended as tax, legal, or financial advice. Gift results may vary. Please consult your financial advisor or legal counsel for advice specific to your situation.
What is next?
If you want to explore smart and powerful ways to support Grace Christian University, contact Pete Tilden at (616) 298-0771 or email ptilden@gracechristian.edu.
So, is cash really king? Not when it comes to giving. By considering all your available options, you can make a greater impact and steward your resources wisely.
