Do you have an IRA?
If you are 72 or older, you can donate your annual RMD (required minimum distribution) so it’s not taxable.
Do you have large capital gains in stocks or mutual funds that have appreciated?
Oftentimes, donors sell these investments but are required to pay capital gains taxes before donating the remaining proceeds. However, you can donate your appreciated investments and receive a tax deduction on 100% of the amount gifted.
Inspiration Ministries Inc. works alongside financial industry professionals to make your Impact Legacy seamless and effective.
Contact us today about Legacy Giving.
Always consult a financial professional to see how these options fit your personal plan. For more information on estate planning and charitable gift annuities and how these options might work in your circumstances or how to give in other ways, please contact Marc Chamberlin, AAMS, at 260-357-0081 or at email@example.com. Thank you for supporting Inspiration. Together, we are transforming lives to transform communities!