For most Americans, filing their income tax returns was not a pretty picture. Unfortunately, many of those tax dollars will be spent on government programs with which the taxpayer may not agree. And unlike charitable donations, you can’t designate how your “contributions” to the treasury will be used.
Change Your Game Plan This Year
Did you know there are ways to reduce your taxes? Or at the very least, transfer your tax dollars to kingdom work? Many of our donors do this by utilizing charitable gift planning strategies like these:
- Gifts of Appreciated Assets — There is no capital gain tax due when a person gifts a qualified appreciated asset to charity, whether or not they itemize their deductions.
- Making Gifts Directly from their IRA — The law allows people age 70½ or older to make direct gifts from their IRA to charity. This is an excellent option to make a cash gift.
- Charitable Gift Annuities and Charitable Remainder Trusts — These tools are an attractive, tax‑wise option for people seeking additional income and who own highly appreciated and/or low‑income producing assets.
With the assistance of our professional advisers at the Wycliffe Foundation, you can be more tax wise in your planning for yourself, your family and the ministries dear to your heart.
Because this is our ministry to you, there is no obligation or cost. Simply give the Wycliffe Foundation a toll‑free call at 877‑493‑3600 to speak with one of our gift planning advisers.