As Christ-followers, we give to others to follow Christ’s example and to invest in His eternal Kingdom. We trust Jesus when he said, “It is better to give than to receive” (Acts 20:35).
While it should never be the reason why we give, a secondary benefit when we do, in America, is the tax savings it provides.
There are lots of ways to leverage your giving for tax savings, but perhaps none more fruitful than donating stocks.
Many of our partners are often surprised to hear that by donating stocks to Forward Edge, they can make a powerful impact while gaining some financial benefits.
Whenever you cash out your appreciated stocks, you have to pay capital gains tax. However, if you donate some of them directly to Forward Edge, that full amount is eligible for a tax deduction, and you’re also now left with a smaller capital gains liability. This savvy technique allows you to give more and save in two ways on your taxes!
For some, giving stock can seem confusing and complicated. The good news is we have people ready to guide you through the process to make it much easier.
Contact our Controller, Tim Jones, for questions or to donate stock: timjones@forwardedge.org or (360) 558-5893.
If you’re planning on giving to Forward Edge again in the future, and you own stocks, I encourage you to check out this tax-savvy option. It’s a great way to reap secondary benefits while you continue blessing others in Jesus’ name.
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10 yrs. old
Entered the program: January 2019
Gideon lives with his grandmother and several cousins in a two-bedroom house made of burnt bricks and a cement floor. Gideon is the youngest of all the grand children and shares a bed with his grandmother while the rest of the children sleep in the other room on two tiny beds. Every morning, the children go to the community borehole to collect water before they go to school. The kitchen is outside and also houses the goats and chicken that the family keeps. The latrine is in very bad condition and the local authorities have often advised them to repair it but the family has no resources.
Gideon's cousin, Johnson, is also in the Light A Candle program.
Plus bonus group fundraising ideas!
