Types of Non-Traditional Gifts

• IRA, 401(k), 403(b), 457, or other Qualified Retirement Accounts
  • If you are subject to required minimum distributions from your retirement account (you are over 70.5 years of age), you can gift these required payments to the church, avoiding income taxes on these distributions.
• Appreciated Assets
  • Stocks, land, real estate, bonds, equipment, vehicles, or other tangible assets may have increased in value or been depreciated over time. If you sell these assets directly, your gains may be subject to federal and state capital gains taxes. Consider gifting the assets to Journey Church before they are sold. You receive the charitable gift tax deduction, and the church can sell the assets, converting them to cash without any taxes on the gains.
• Loans and Notes
  • Forgivable Notes: Make you gift now via a zero interest note. The debt is forgiven by you in a specified year in the future. This allows for a tax deduction in a future year when tax liability may be greater.
  • Zero Interest Notes: Give Journey Church the money we need now to purchase the building and make improvements. Journey will make payments back to you over time with zero interest.
• Intangible Assets or Interests
  • Patents, energy or commodity royalties, trademarks or other intangible assets may be gifted to the church. 

Mackeson Advisory

​We have retained the pro bono assistance of Tyler Mackeson at Mackeson Advisory, a local financial planning office. Please contact them directly with questions you may have and they can direct you in a professional and faith based manner.
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Website:  mackesonadvisory.com
Phone:  541-323-6300
Email:  tyler@mackesonadvisory.com
 
Always remember to seek the council of Jesus as well as your CPA, attorney, and/or personal financial advisor.