Making An Asset Based Gift
When people consider making a gift to Finish Line Ministries International, they often look at the cash they have on hand, assess their future cash needs, and donate generously based on these amounts. However, cash typically represents only a small fraction of an individual's overall wealth. Assets such as investment portfolios, real estate, and business interests can make up more than 75% of a person's total wealth. One significant barrier to using these appreciated assets for donations is that selling them outright usually results in a heavy tax burden, which many prefer to avoid.
With careful planning, you can reduce or even eliminate the tax burden associated with liquidating appreciated assets by incorporating charitable giving into your strategy. An effective asset-based giving plan can help you redirect the tax dollars you would owe from the asset's sale to support Finish Line. These contributions may be more substantial than you initially thought, significantly multiplying your impact on God's kingdom.
If you have questions regarding Asset Based Giving, feel free to contact Sean Patrick via email or telephone: legacy@finishlineministries.org or 614-224-1951.