A Win-Win Situation
A young man went looking for odd jobs. An older woman answered the door and said “Perfect timing, the painter I hired to do my porch just cancelled. Go around back and you’ll see the porch and equipment. When you’re done, I’ll pay you $500.” This was better than he had expected! He got right to work and was done in no time. As he pocketed the cash, he mentioned, “By the way, you should know it’s not a Porsche that you have parked back there, it’s a Mercedes Benz.” (Illustration adapted from Peter Loughman.)
Wouldn’t it be better if more situations in life were beneficial for both parties involved? For many believers, investing money in God’s work is a perfect example. And giving appreciated stock, instead of cash, can be a win-win situation for you and the ministry you love, like Grace Bible College. Do you have stock that has increased in value from the time of purchase? Have you had it for more than a year? If so, you can avoid or reduce capital gains tax by donating the security to a donor-advised fund and the total amount will still be eligible for a tax deduction. Talk about a win-win!
When you bless a ministry with appreciated stock, you change lives for eternity. Then like a boomerang, a blessing returns to you as well with tax benefits and the satisfaction of knowing you have made a difference for the cause of Christ. Luke 6:38a says, “Give and it will be given to you. A good measure, pressed down, shaken together and running over…”
For the full version of this article, ask for a FREE copy of “Experience the Boomerang Blessing” by contacting Steve Hilbrands from Grace Bible College at 616-538-2330 or Shilbrands@gbcol.edu - or bless your family today with a God-honoring Will at www.christianwill.org/gbc