Summit Life Today

Year-End Non-Cash Giving

With the stock market up almost 25% in 2017, it might be a good year to consider giving appreciated stock instead of cash.  This would be a great question to ask your financial adviser or tax professional before December 31st.

Giving cash gifts to your church or favorite charities is always a blessing to them.  You may, however, qualify for a significant tax break and avoid capital gains taxes by donating appreciated non-cash assets such as stock or real estate.  Other non-cash gifts would also include giving such items as vehicles, boats or equipment.

Feel free to contact us at Summit Leadership Foundation if we can assist you in any way with planning your 2017 year-end giving by phone at 423-283-7557 or via email at matt@summitlife.org.

This brief video from National Christian Foundation does an excellent job of showing the power of non-cash giving.

Erin KnappYear-End Non-Cash Giving

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