What are appreciated assets?
God has blessed many in our community with appreciated assets. These are non-cash assets such as stocks, mutual funds, real estate and alternative investments like art, collectibles or cryptocurrency.
Gifting appreciated assets to a charitable organization like Helping Up Mission is a wonderful way to increase your ministry impact while minimizing your tax burden:
- You receive a charitable tax deduction for the fair market value of your asset.
- You avoid capital gains tax on the appreciated portion of your gift.
- You may find, as others have, that you’re able to give more generously than when giving cash.