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Noncash Gifts
One way to give to our organization is through noncash gifts. These may include giving from your IRA, stocks, business, or types of property. This is a wonderful way to further the ministry of Turning Point through an alternative means to cash. What types of noncash assets do you own? A gift of any of these assets can provide you with benefits (such as income and tax savings) and help further our cause.
- CDs and money market accounts
- Securities such as stocks, bonds, and mutual funds
- Real estate such as commercial, rental, farm, ranch, and vacation homes
- Life Insurance Policies
- Tangible personal property such as art, coins, and collectibles
- Retirement accounts
Benefits of Giving Noncash Gifts
- If you give appreciated assets, you can avoid paying capital gains tax.
- You will receive a charitable deduction for your gift which can lower your tax bill.
- You can make a gift today while preserving your cash for immediate or future needs.
- You and your family can receive benefits such as lifetime income.
- You may be able to make greater gifts than you ever thought possible.
Stock Gifts
When you donate stock to a qualified public charity, you may be able to deduct the full market value of the property to the extent that it does not exceed 30 percent of your adjusted gross income. Any amount that cannot be deducted in the current year may be carried over and deducted for up to five succeeding years.
Benefits of Giving Stock
- You get a tax deduction.
- You remove interest, dividends, and/or capital gains from your investment portfolio.
- You know that Turning Point has been blessed with your gift.
Contact us
If you have any questions about leaving a beneficiary designation gift to us, please contact us. We would be happy to assist you.
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