Legacy Giving Explained

 WHY GIVE APPRECIATED ASSETS?
Giving appreciated assets such as stocks, bonds, mutual funds and real estate provide double tax benefits not available when giving cash. You not only receive a charitable deduction for the fair market value of your gift, but you also avoid capital gains tax.  As stewards in God's kingdom, we should take advantage of tax incentives available to us to give as much as possible for the Lord's work.

CAN I GIVE FROM MY IRA?

If you're age 70 1/2 or older, you can give directly from your IRA to Cornerstone Foundation through what is called a qualified charitable distribution (QCD) Unlike a personal withdrawal,  your qualifying gift isn't included in your federal taxable income. And you don't need to be taking a RMD, or required minimum distribution to give this way. If you are, your QCD can satisfy all or part of that requirement.

WHAT IS A DONOR ADVISED FUND (DAF)?

Donor Advised Funds (DAF's) have become the most popular charitable giving tool for donors today. What is it? It simply works like a charitable savings account. You can fund your account with any different assets (cash, stocks, real estate, etc.) and receive an immediate tax deduction at the time your account is funded. Once established, you then have the freedom to decide which ministries you'd like to give o and when. Because the assets in your DAF are invest, your account can grow over time, allowing you to five even more to the ministries you care about.

Two of the best Christian/Missions oriented DAF's are listed here. Either will send your donation to Cornerstone Foundation.  Select -->   National Christian Foundaton   ---  Select -> Crusade for Christ - CRU

For more information, or how we can assist you, please send an email to: info@cstonefoundation.org and we will get right back to you.