We know that many of our friends are prayerfully considering how to continue supporting Potter’s House this year and in the years to come.
That’s why we want to make you aware of several easy and tax-effective ways to give—options that allow you to make a meaningful impact without necessarily giving cash out-of-pocket. From Qualified Charitable Distributions (QCDs) to gifts of appreciated assets, Donor-Advised Funds (DAFs), Charitable Gift Annuities, legacy gifts, and corporate or matching partner programs—there are many ways you can partner with us to transform lives among the Treasures in Guatemala.
Giving appreciated assets before they are sold can be a powerful and tax-smart way to give.
Less to taxes… more impact for the Kingdom.
You may be able to donate a variety of appreciated assets, including:
-Stocks
-Exchange-Traded Funds (ETFs)
-Mutual Funds
-Bonds
-Cryptocurrencies
-Privately Held Stock
- Etc.
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If you’re age 70½ or older, you can make a gift directly from your IRA to Potter’s House—and the distribution won’t count as taxable income.
For those who are required to take a Required Minimum Distribution (RMD), a QCD is a smart, tax-efficient way to give while also satisfying IRS requirements.
Note: QCDs are not available from 401(k) accounts, but rolling a 401(k) into an IRA may make this option available to you.
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DAFs are often a simpler, more cost-effective alternative to setting up a private family foundation, offerings immediate tax deductions while giving you time to prayerfully decide how and when to support Potter’s House—now and in the future.
Some donors use DAFs for a “bunching” strategy—combining multiple years of charitable giving in one year to maximize tax benefits while still using the standard deduction in others.
Allows you to receive a steady income for life—while leaving a meaningful gift to Potter’s House after your passing. CGAs are a tax-efficient giving option for those age 65 and older, with gifts starting at $10,000, and up to $53,000 (in 2024). They are often a simpler and more affordable alternative to Charitable Remainder Trusts.
A new provision (established in 2022) also allows donors age 70½ or older to make a one-time gift from their IRA to fund a CGA—up to $53,000—and count it toward their Required Minimum Distribution (RMD).
Note: This option is not available for 401(k)s unless they are rolled over into an IRA.
If the Lord leads you, naming Potter’s House as a beneficiary in your will, trust, or life insurance policy is a simple and meaningful way to leave a lasting Kingdom impact.
One especially tax-efficient option is to name Potter’s House as a beneficiary of your IRA. Because the ministry is tax-exempt, we can receive the full value of your gift—whereas family members may owe income tax on traditional IRA or 401(k) distributions.
Always consult with your financial or estate advisor to explore what’s best for your situation.
For all non-cash and legacy giving strategies, we encourage you to consult with your trusted financial, tax, or estate advisor to make the most of your giving plans.
Interested in learning more? We’d be happy to arrange a call with us at your convenience.