FAQ

What is the right gift for me?

I am able to give from my income or savings?

Then an outright gift of cash could provide an immediate tax deduction.

I need to preserve my cash reserves but have highly appreciated stocks, mutual funds, gold, real estate or crypto and would like to avoid the capital gains tax?

A gift of the stock, funds, real estate, gold or crypto, without selling them, would accomplish both objectives and provide an immediate tax deduction based on the full market value of the stock gift.

My current and future needs are met, but am concerned about the income tax liability from my IRA required distributions...

A direct gift from my IRA, at age 70 ½ or older, is possible without paying any income tax on the IRA gift.

I am able to make a significant gift today but also would like to replace those assets for my family later...

A new life insurance policy naming your family as the beneficiary, could replace the gifted assets that are made today.

I have life insurance that I no longer need based on my new stage of life....

Gifting the life insurance policy to Potters House could provide an immediate tax deduction based on the cash value, and the face value benefit the ministry longer term.

I would like to make a significant gift but am not able to do it all at once...

Then a recurring gift could be considered as a pledge over time. Each gift could provide a tax deduction until the goal is reached.

The Lord has blessed me in a business I started but now would like to minimize the taxes on the transfer of the business...

A gift of a part or all of the business could provide an immediate tax deduction and avoid the capital gains tax.

I would like to make a gift to Potters House and still retain an income for my current needs...

A charitable gift annuity or a charitable remainder trust could provide an income stream, an immediate tax deduction, and can be funded with highly appreciated stock.

I would like to leave part of my estate to my family as tax efficiently as possible..

Naming Potters House as a 401k or IRA beneficiary would pass those assets on to the ministry without tax and my after-tax assets could be left to my family, income tax free, due to the "step up in basis" provision of the IRS.

I would like to make a significant gift to the ministry but don't really have the means right now...

a couple of solutions here....naming Potters House as a beneficiary in your will, or with a bequest, would help the ministry over the longer term.....or through a new life insurance policy, naming Potters House as the beneficiary, could provide the assets as a legacy gift in the future.

FAQ

What is the right gift for me?

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