Leave a Legacy for Eternity
Jesus fed more than 5,000 people from just two fish and five small loaves (John 6:1-14). The Lord blessed and multiplied a young boy's gift until it miraculously fed everyone, with 12 baskets of food left over. Likewise, when we use the resources God has given us to help those in need, He blesses our gifts to show His love, proclaim the Gospel, and transform lives. Many people have used appreciated assets such as stocks and real estate very effectively as charitable gifts to Samaritan's Purse. Here are two examples and how they work.
Gifts of Stock or Mutual Funds
Transferring appreciated stock or mutual funds held for more than one year to Samaritan's Purse may provide superior tax benefits for you and generate more impact for ministry. Upon receiving your gift, Samaritan's Purse, as a tax-exempt charity, will sell the security, relieving you of any capital gains tax you would have paid. The proceeds will then be used for ministry. You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer.
Gifts of Real Estate
A gift of appreciated real estate or a portion of real estate may be transferred to Samaritan's Purse and then sold without incurring capital gains tax. It provides a charitable tax deduction for you based on the fair market value of the real estate. The proceeds will be used as part of your legacy to help hurting people in Jesus' Name. Real estate is considered a complex gift and requires a due diligence process before the gift can be accepted.
For a confidential discussion of your unique situation, please contact our Legacy Planning Team at:
Honor the LORD with your possessions, and with the firstfruits of all your increase.
Proverbs 3:9
Franklin Graham, President
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