|
|
Innovative Non-cash Gifts
Did you know you can make significant contributions to Raleigh Rescue Mission and the homeless we serve when you donate non-cash gifts? About 90 percent of America’s wealth is in our “stuff” — non-cash assets that can be turned into cash for our favorite charities!
In partnership with The Christian Foundation of the Triangle (CFT), Raleigh Rescue Mission has set up the RRM Ministry Fund. Through this fund, we can now accept non-cash gifts and work with you to develop giving strategies that avoid taxes, provide greater tax deductions and maximize giving.
Listed below are some of the items Raleigh Rescue Mission can now accept through the RRM Ministry Fund (approval of items is at the discretion of CFT and the RRM Ministry Fund). For more information about the Innovative Non-Cash Gifts program, contact director of fundraising and agency relations, Richard Fitzgerald at (919) 828-9014, ext. 103 or richardf@raleighrescue.org.
|
|
 • Vehicles: autos, boats, RVs, airplanes, etc.
• Musical Instruments
• Gold, Silver, Jewelry
• Antiques and Collectibles
• Stocks, Bonds, Mutual Funds
• Business Inventory:
|
• Construction: contractor tools, generators, fleet vehicles, forklifts, excavation and hydraulic equipment
• Manufacturing: excess inventory, fabrication, fleet vehicles, manufacturing equipment, welding equipment
• Office: computers and networking, printing and graphic arts, office furniture, phone equipment, software
|
• Real Estate: timeshares, vacation lots, resort packages, land, houses or other properties
• Restricted Securities: publicly traded securities that may have sale restrictions
• Business Interests: ownership in closely-held businesses, Limited Partnerships, Limited Liability Companies, Sub-chapter S corporations
• Life Insurance: term, whole, universal or variable
|
As you evaluate your assets, your needs and your desire to serve the Kingdom through the ministry of Raleigh Rescue Mission, you may realize just how much you have to give through Innovative Non-cash Gifts!
In many cases, you are better off donating an item than selling it! Here are just a few reasons why.
|
• Your unused, unwanted items provide the Mission with funds to continue our programs and services for the needy.
• If you sell an asset and then donate the money to the Mission, you may have to pay taxes on the sale’s proceeds or capital gains. If you donate the item itself, you receive a tax deduction and avoid any tax liability related to the sale of the asset.
• When donating most non-cash assets, you receive a tax deduction based on the fair market value of your gift.
• When donating vehicles, you receive a tax deduction based on the sale and save personal property tax.
• When donating property, you no longer pay property tax and avoid capital gains tax on the sale.
|
Give Confidently to Raleigh Rescue Mission
|
• The Mission is a member in good standing of the Association of Gospel Rescue Missions (www.agrm.org). The AGRM sets the standard for more than 300 member missions across America and overseas.
• The Mission is a member in good standing of the Evangelical Council for Financial Accountability (www.ecfa.org). Organizations belonging to the ECFA must conform to practices that insure your gifts are used in a way that honors God and protects our financial partners.
• The Christian Foundation of the Triangle (www.cftriangle.org) is one of a nationwide network of local Christian foundations affiliated with The National Christian Foundation. The mission of CFT is to enable faithful stewards to give wisely to further the Gospel of Jesus Christ.
|
|
|
