Use your business to do more good for God’s Kingdom than you ever imagined possible.
The more Dave Garrison’s business was being blessed by God, the more he began to dream about how to give back in some meaningful way. Our partners at NCF helped him do just that.
Rather than selling his growing business first and giving from the after-tax proceeds, Dave decided to give some of his stock while he was still running the business. He received a substantial tax deduction, which allowed him to increase his giving to his church. He was also able to divert a portion of his income each year to his favorite charities in a tax-advantaged way.
The chart below illustrates five gift strategies:
1. BUSINESS INTEREST GIFTS CAN MULTIPLY YOUR GIVING.
Giving a portion of your business will likely give you a large charitable deduction, even if you have no plans to sell.
2. YOUR BUSINESS INCOME CAN FUEL CHARITIES LIKE WAY-FM
With a charitable shareholder, a portion of the income is allocated to WAY-FM through our partners at NCF where it generates less tax and more cash for ministry.
3. THERE’S POWER IN GIVING BEFORE YOU SELL.
WAY Media (or WAY-FM) is a charity, so donating to us through our partners at NCF, before you sell, can reduce or eliminate capital gain taxes in most cases.
4. YOU LEVERAGE YOUR GIVING.
NCF holds or sells the assets tax efficiently, distributing the cash proceeds to your Giving Fund.
5. MORE DOLLARS MEAN MORE IMPACT.
You recommend grants (now or in the future) to WAY-FM or other charities online and let our partners at NCF handle all the administrative details.