planned-giving

“Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.”  - Luke 6:38

As a recipient and steward of God’s bountiful gifts, you have an obligation and opportunity to share and return those gifts, providing support to God’s church and ministries beyond your lifetime.

PERSONAL PROPERTY ASSETS

Gifts of personal property can take many forms. Prized possessions such as rare automobiles, art collections, historic artifacts, boats or planes all can be valuable gifts to enhance our church’s mission. Giving one of these unique gifts requires a special process, but we can help you along the way.

The tax deductibility of your gift of tangible assets varies depending on whether it is related to our mission or not-related:

Fair market value: the deduction will be the full fair market value if the asset is use related to our exempt purposes.

Your cost basis: if the asset is not related to our exempt purposes, it is the policy of Sharon Presbyterian Church to sell the property to redeploy the proceeds to advance our mission. Under this scenario, you may be eligible for a tax deduction of your cost-basis for the gift.

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Benefits of this type of gift to You:

  • Possible income tax deduction
  • Removes the asset from your estate and reduces estate taxes
  • Avoidance of capital gains for long-term property gifted
  • Knowledge you have helped others

Next Steps:

Please contact us to discuss a gift of tangible personal property. See the contact information below for details.

Contact:

Senior Pastor Rob Blumer
Email: robb@sharonpcusa.org
Phone: (704) 553-0869
Associate Pastor Ron Nelson
Email: ron@sharonpcusa.org
Phone: (704) 553-0869
Endowment and Gifts Subcomittee Members:
 
Jacqueline Boresema
Email: jrboersema@gmail.com
Tim Gilbert
Email: timgilbert@bellsouth.net

The above gift description is for informational purposes and not intended as legal or tax advice. To ensure that this form of gift is appropriate for your particular circumstances and estate planning, please consult with your professional advisers.

Last Published: May 2, 2018 2:43 PM
Steps to a Gift