IRS statistics show that most people give from their cash, even though the majority of wealth is held in noncash assets.
We can help you find ways to increase your impact, without restricting your cash—tax-wise giving, also called planned giving. For example, by donating noncash assets such as stocks, real estate, or business interests before the sale, you may reduce taxes & reach your giving goals.
- Noncash 90% 90%
- Cash 10% 10%
- Noncash 20% 20%
- Cash 80% 80%
*IRS average data from 2000-2010
Pay Fewer Taxes
When giving an appreciated asset (like shares of stock), we recommend donating that asset directly to TTI rather than liquidating it, paying taxes, and then donating the net proceeds. The benefits of a pre-sale donation are clear: You may receive a generous tax deduction for the full, fair-market value of the gift, in addition to a reduction in capital gains taxes.
Give More to Ministry
Avoiding capital gains taxes allows more money to go to Kingdom work and less to the government.
Grow Personal Savings
Your personal tax return may include a tax deduction for the value of donated assets. This will provide you with additional income for monthly expenses or further giving.
A multitude of assets and giving options are accepted by TTI. Here are a few examples of assets that could help you increase your giving while not affecting your cash flow.
Stocks, bonds, and mutual funds
Ownership in closely-held businesses, Limited Partnerships, Limited Liability Companies, or Sub-chapter S Corporations
Proceeds from wills, trusts, or life insurance policies
Term, whole, universal or variable
Royalties, copyrights, patents or precious metal
Land, houses, or other properties
401ks, IRAs, 403Bs
The Timothy Initiative accepts a multitude of assets and giving options. TTI annually submits financial statements for an external audit and is accredited by the Evangelical Council for Financial Accountability (ECFA) and has GuideStar’s platinum seal of transparency.