If you own a business and have a desire to give charitably, we can help you use one of your most valuable non-cash assets to double or triple your giving, increase your cash flow, reduce your income taxes, and even decrease your estate taxes in some cases.
Strategy #1: Business Give and Hold
Are you looking for ways to increase giving, even if you’re not ready to sell your company? We can help you give a portion of your ownership interests in a closely held business to charity, even while you maintain majority voting rights.
Casey Crawford, owner of Movement Mortgage in Charlotte, NC, was surprised by how effective this arrangement was for maximizing his charitable contributions. Casey says NCF helped his company set up a supporting organization for the Movement Foundation. They have been able to move a good deal of their equity each year into that foundation and maximize their tax savings. They were also able to maximize their work for God’s kingdom!
Strategy #2: Business Give and Sell
If you’re thinking about selling your business, be sure to call one of our National Christian Foundation offices first. Clyde Lear, former owner of Learfield Communications in Jefferson City, Missouri, almost didn’t, but he’s so glad he did!
As he was preparing to sell his business, one of his friends said, “If you are selling the company, you really ought to talk to NCF, because they have a whole bevy of lawyers, and they’re smarter than any group we know about how to get the best bang for the buck tax-wise from your sale,” Clyde says.
So he called. Then he and his wife set parameters for their giving and found an opportunity that brought them incredible joy!