The now of a planned gift can mean gifts originating from sources other than cash, checks and current liquid assets so that your resources are better managed for both tax benefits and planned benefits for you and for family, heirs, ministries and your estate.
A planned gift now can involve appreciated assets, required distributions from retirement accounts, taxable gain on the sale or maturing of assets, and other sources of funds that might well benefit the Kingdom and save you from unnecessary taxes.
A planned gift later addresses how your generosity can be planned and documented to make a difference for Thornapple as well as you and your heirs. Many stewards use the sale of maturing assets, such as selling a home or business, a maturing investment – even giving appreciated assets rather than using current assets to make a charitable gift. If desired, equivalent amount of cash/current value assets can be used to rebuy the same stock/investment and avoid the capital gain.
External national and local resources are available through Thornapple, and the Covenant denomination, to provide information and guidance for both financial and legal/estate aspects of these gifts. You can be good to your family/heirs as well as generous to God’s work on earth through what God has provided… it just takes a little planning.
Online and printed materials are available through Thornapple, as well as through financial and legal advisors, to begin to address your questions and needs. Contact us
with questions or if we can connect you with others who may help.