If you are like many people, you do your major charitable giving toward the end of the year. Here are five suggestions to make sure your gift plans are CLEAR for successful year-end giving.
Calculate Your Income.
Did earned or unearned income increase? Did you sell appreciated assets? Will you owe more taxes? That is a good reason to increase your charitable giving before Dec. 31.
Life Income Gifts may meet your needs.
You can make a gift now, get tax benefits and receive income for the rest of your life- like a Charitable Gift Annuity.
Early giving is the key.
As the year winds down, professional advisors get busy. Call today to get professional advice for your situation.
Advisors are an important part of your planning.
Before you make a big gift and join the Benjamin Bausman Society, talk to your CPA, an attorney or other advisor to help you understand the impact of your gift.
Review Your Stocks.
It may be wise for you to make a year-end gift using appreciated stocks. A gift of appreciated stocks could save you some capital gains tax.
Contact Pastor Mark to tell him how CLEAR you are about gifting to Bausman UCC. Thanks in advance for your generosity.