By Bob Barber, CWS®
Did you know that cash assets only represent a small portion of the United States? When most of us give, we only give out of our cash assets from our bank accounts. There’s a reason cash is the most common form of giving. 1) It’s easy; 2) Charities ask for donations in this way; and 3) It fits our model of giving. However, there is so much more to consider if you want to devise a smarter giving strategy.
These two pie charts via IRS Statistics are great examples of representing how assets are given and owned:
Most of our wealth is actually held in non-cash assets at almost ninety percent! Even though this is the case, the other chart shows that we are giving out of our minimal cash assets. Because of this, our donations are being taken out of a surprisingly small percentage of what we actually own. The result? We are wasting money on taxes and missing opportunities.
RECOGNIZE YOUR GIVING POTENTIAL
We have so much more charitable giving potential than what we recognize. Here at CIS Wealth, we want to help you pinpoint and utilize this potential by guiding you in creating a successful giving strategy to allow you to become a wise steward of your assets, while experiencing the true joy of giving. As Matthew 6:20-21 states, “Store up for yourselves treasures in heaven…for where your treasure is, your heart will be also.”
IN ADDITION TO CASH, CIS WEALTH CAN HELP YOU GIVE:
– Publicly Traded Securities
– Intellectual Property
– Closely Held Businesses
– Life Insurance
– Real Estate
– Loan Notes
– Limited Partnerships
– Mineral Interests
– S-Corporation Stocks
– LLC Interests
Generous people may increase their giving potential by converting tax dollars into giving dollars when they give from non-cash assets.
WE ENCOURAGE YOU TO ASK THE FOLLOWING QUESTIONS:
What do I give?
What do I own?
Would a smarter giving strategy help?
Could I pay less in tax by giving more wisely?
Are you ready to discover your giving potential? Contact CIS Wealth by calling 830-609-6986 or emailing us at email@example.com. We would love to schedule a meeting by video chat or speak with you on the phone.
* 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.