Tom and Susan bought a beach house after their marriage for $50,000. After 25 years, their property value had increased ten-fold and was worth $500,000. The couple wanted to use this valuable asset to fund the Kingdom-building work of their church and favorite ministries.
So, they decided to sell the property and give the proceeds. As they were preparing for the transaction, Tom and Susan were informed that they would owe taxes of $94,500 upon the sale. Fortunately, their advisor introduced them to asset-based giving through National Christian Foundation (NCF) and they learned about the power of giving their property to charity before the sale.
They decided to give it directly to NCF, who liquidated the asset and sent the proceeds to their Giving Fund (donor-advised fund). Tom and Susan were able to go online and recommend grants to charity and experience the joy of multiplying the impact of their giving.
This was the result of their gift: