goo.gl The Smart Giver How individuals can increase income and reduce taxes while helping their church or favorite non profit. Plans for churches to become endowed. The Smart Giver How Your Church Can Raise Money and Attract Major Gifts While providing increased income and tax benefits to your donors From: Robert D. Cavanaugh, CLU Publisher, The Smart Giver Due to the current state of the economy, both churches and people are experiencing problems. Here's a short list... Problems: Churches Operating in the red. Pledges and charitable giving down due to the economic situation. Inability to fund ministries. No endowment fund and no plan to build one. And, according to a 2010 Barna Group report: -- 150 million Americans have been affected by the economic turbulence. -- As a result, Americans are cutting back substantially on their giving and have become more pessimistic about the future of economic recovery.. Problems: People Low income from fixed income assets such as CDs. Own! ership of highly appreciated assets that don't produce an income. -- A large capital gain tax to pay if sold. -- Less to re-invest. IRAs that will shrink 35% - 65% when passed to the next generation. Retirees discovering their Social Security retirement benefits are taxed. I'VE GOT A SOLUTION... Churches That will help to begin to build an endowment fund so that eventually the church can fund its ministries from the interest on the endowment fund investments. Remove the affect of the state of the ...
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