“The Earth is the Lord’s and the fullness thereof…” (Psalm 24:1, KJV)
There are a number of assets God has entrusted to Christians which can be a tax-deductible donation. Complex gifts include private business equity, real estate, oil and gas interests, and cryptocurrency among other things. Most of the wealth in congregations is in these non-cash assets, especially private business equity. We refer to these gifts as complex because they are not as simple as cash and a local church is usually not equipped to facilitate such gifts.
Moreover, giving such assets converts the greatest amount of tax into Kingdom funding, frequently doubling the tax savings from giving a comparable amount of cash (gifts of marketable securities have the same type of effect although typically not of the same magnitude as complex gifts.) Whether it is your vacation home, your cryptocurrency, or your software company, we can help you donate it as a tax-deductible gift.
As examples, the Foundation has facilitated:
- Donation of the primary asset of a heating business valued at close to $1M.
- Cryptocurrency gifts of over $13M.
- Donation of real estate the Foundation then donated in-kind to a ministry, and donation of real estate the Foundation liquidated, placing the proceeds in a donor-advised fund for granting to churches and other ministries.
Our president served formally as general counsel to one of the country’s largest foundations, a leader in complex-asset giving, where he supervised the research, development, and implementation of all complex giving strategies.