When we give to charity, most of us give cash, meaning the funds in our checking or savings accounts. We give cash because it’s what charities ask for, it fits our paradigm, and it’s easy. However, cash generally represents only a small portion of wealth in America, so there is much more to think about when it comes to creating a smarter giving strategy.
Consider these two pie charts from IRS statistics, representing how assets are owned and how assets are given.
WHAT WE OWN:
WHAT WE GIVE:
As you can see, our wealth is primarily held in non-cash assets, but our giving is largely confined to cash. As such, our giving comes out of a very small percentage of what we own, and the result is that we are missing opportunities and wasting money on taxes.
DISCOVER YOUR GIVING POTENTIAL
Many of us have charitable giving potential well beyond what we’ve ever considered. At CIS Wealth we can help you create a giving strategy that will allow you to become a wise steward of all that you have and experience the joy of greater generosity. Our goal is to help you “store up for yourselves treasures in heaven…for where your treasure is, your heart will be also” (Matt. 6:20-21).
IN ADDITION TO CASH, CIS WEALTH CAN HELP YOU GIVE:
- Publicly Traded Securities
- Real Estate
- Closely Held Businesses
- S-Corporation Stock
- LLC Interests
- Limited Partnerships
- Mineral Interests
- Intellectual Property
- Loan Notes
- Life Insurance
When giving from non-cash assets, generous people can increase their charitable potential by converting tax dollars into giving dollars.
WE ENCOURAGE YOU TO ASK THESE QUESTIONS:
- What do I own?
- What do I give?
- Could I pay less in tax by giving more wisely?
- Would a smarter giving strategy help?
To discover your giving potential, we invite you to contact CIS Wealth at 830-609-6986 or firstname.lastname@example.org. We will be glad to schedule a meeting or speak with you by phone at your convenience.
* This does not constitute nor does CIS Wealth provide legal or tax advice. You should consult professional advisors concerning the legal or tax consequences of your charitable activities.