Growing Your Ministry Foundation Basic Questions

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shows how ministries may grow their fundraising efforts through non cash assets

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  • Where were at. .we’ve learned now what your foundation is and what it does. We’ve talked a little about how to talk about your foundation and so now what, how are your going to market your foundation?
  • Growing Your Ministry Foundation Basic Questions

    1. 1. Growing Your Ministry Foundation William High Servant Christian Community Foundation
    2. 2. Background: Donor Issues <ul><li>Assumption: most donors are not planned—60-70% don’t have valid will or trust. </li></ul><ul><li>Most have planners not educated. </li></ul><ul><li>Paying too much income tax. </li></ul><ul><li>Wealth in assets. </li></ul>
    3. 3. Understanding: Gift Flow Process Donor Issue (7 Flags) Handle In House (cash/stock) SCCF (planning/non cash) Donor Due Diligence! Acceptance Receipt
    4. 4. Instruction: Seven Donor Issues <ul><li>Income Tax </li></ul><ul><li>Estate Issues </li></ul><ul><li>Real Estate </li></ul><ul><li>Business </li></ul><ul><li>Cars/Boats/RVs </li></ul><ul><li>Inventory </li></ul><ul><li>Gift Annuity (need for income) </li></ul>
    5. 5. Income Tax <ul><li>General Principle:Swap taxes for giving </li></ul><ul><li>10-20% more </li></ul><ul><li>High income—50% or reallocate assets </li></ul><ul><li>Questions: Are you paying too much in taxes? Are you maximizing your charitable deduction? </li></ul>
    6. 6. Case 1: Excess Income Current Plan – Mrs. Cash Income $300,000 $0 Income Tax Deduction on $50,000/yr Gifts Investments $5,000,000 $150,000 Deduction Mrs. Cash Charity $100,000 $200,000/yr $150,000 Taxed
    7. 7. Case 1: Excess Income Proposed Plan – Mrs. Cash Benefits: Income $200,000 $165,000+ Income Tax Deduction Investments $5,000,000 Transfer $1,650,000 Mrs. Cash Charity Charitable Trust $100,000 Lower Taxes Control More Income (During Life) Income Mrs. Cash $100,000 or Only $100,000 Taxed
    8. 8. Estate Issues <ul><li>General Principles: If giving at death, give during life </li></ul><ul><li>Basic Strategy: Beneficiary Designations </li></ul><ul><li>Opportunity: Estate Tax </li></ul><ul><li>Questions: Are you giving to charity through your estate? Would you like a simple way? Are you facing estate taxes? </li></ul>
    9. 9. Real Estate <ul><li>If property is highly appreciated, avoid taxes at sale with a gift. </li></ul><ul><li>The gift may be partial. </li></ul><ul><li>The gift may produce income for you. </li></ul><ul><li>Questions: 1)Is it appreciated? 2)Would you like to avoid or reduce those taxes? 3)Does it have debt? </li></ul>
    10. 10. Business Interests/Sale <ul><li>Highly appreciated/producing high income </li></ul><ul><li>Reduce income taxes </li></ul><ul><li>Reduce/avoid taxes at sale </li></ul><ul><li>Give complete/partial interest </li></ul><ul><li>Not lose control </li></ul><ul><li>Create income for yourself </li></ul>
    11. 11. Gifts that Create Income <ul><li>Usually 60+ </li></ul><ul><li>Money market/CDs </li></ul><ul><li>Sale of business/sale of real estate </li></ul><ul><li>Appreciated stock </li></ul><ul><li>Diversification </li></ul><ul><li>Desire for income </li></ul>
    12. 12. Application <ul><li>Immediate: vehicles/RVs/Boats </li></ul><ul><li>Immediate: Inventory </li></ul><ul><li>Bequests: how is your planning? </li></ul><ul><li>CGAs—gifts to create income </li></ul><ul><li>Looking for Real Estate/Business </li></ul><ul><li>sale interests </li></ul>

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