It’s never easy being the new kid. And when you’re a “military brat,” you’re the new kid every couple of years. In the 1980s, one of those kids found solace in the pages of $1 comic books he purchased on base. Recently, just six books from his carefully preserved collection were valued at approximately $20,000, with the potential to increase even further.
Research shows that about 90% of wealth is held in valuables like these, known as appreciated assets. Did you know you can turn them into a legacy of changed lives?
First, let’s define our terms. What are appreciated assets? Appreciated assets, sometimes called, non-cash assets, are any items of increasing value. This includes but is not limited to personal property such as:
- Artwork
- Collectibles
- Cryptocurrency
- Stocks
- Bonds
- Mutual funds
- Real Estate
What’s the benefit of giving appreciated assets? Donating items of value to a ministry you love can help you reduce or eliminate capital gains tax when you transfer part of or all the assets to the organization before the sale. The ministry can then sell the assets without any tax consequences. You may also receive a tax deduction, essentially increasing the amount you’re able to give.
How can my appreciated assets make a difference? Whether you donate them now or as part of your entire estate plan, giving items under your stewardship to ministries like Providence Network will impact the people and communities we serve. Plus, your generosity can encourage others to do the same.
If you are interested in changing lives through your non-cash asset please let us know by emailing us at development@providencenetwork.org.
You can change lives with the treasures you’ve been tending.
