Here are two ways that we can give "bountifully," simultaneously reaping a greater present participation in Kingdom ministries—while realizing present "bounty" in our own finances.
Gifts of Appreciated Stock
Now that the stock market has rebounded somewhat, there may be some shares that have been held more than one year which have appreciated significantly. Gifting shares of stock directly to a federally qualified charitable organization (like ICR) can provide a significant tax savings. The full market value of the stock is deductible, and gifting the stock avoids any capital gains tax; a double "bounty."
The Charitable Gift Annuity
Assets that are not producing an adequate income (stock, property, cash, CD's, bonds, mutual funds, etc.) can be turned into a Charitable Gift Annuity from ICR that will provide a guaranteed income from the value of those assets, a present tax deduction, and a tax-free portion of the income stream. Another "bounty."
ICR is deeply appreciative of all those who co-labor with us in our work. We simply could not function without your help. We are especially pleased when our partners in ministry are able to "reap" a "bounty" with their gifts as well. Let us know how we can assist you or provide information for your consideration.
