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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5 yrs. old
Entered the Program: August 2024
Lucky lives with his parents and younger brother in a borrowed three-room wood house with a cemented floor. The home has access to electricity for light and they fetch water from a well that they boil to drink. They have an outdoor kitchen and use firewood for cooking. They do not have a bathing facility but use an outdoor pit latrine.
Lucky and his little brother are being raised in a very humble situation. His father is a casual laborer who has to search for odd jobs, and is the sole provider for the family. Lucky’s mother stays home to care for the children. The household income is meager and they are unable to afford some of the basic needs of their children.
