Looking to leverage your real estate holdings and other assets for a greater good? This episode of the Real Estate Syndication Show dives deep into impactful charitable giving strategies with Eric Most from the National Christian Foundation (NCF).
Here are 3 key takeaways to maximize your charitable contributions:
- Don't Just Donate Cash, Leverage Assets: Eric reveals a powerful truth: most of our wealth (around 90%) sits in assets, not cash. NCF specializes in helping you convert appreciated assets like stocks into impactful charitable donations. This allows you to deduct the full value without capital gains taxes, maximizing your giving power compared to using post-tax cash.
- Real Estate for Charitable Giving: Real estate can be a strategic tool for philanthropy. Eric explains how donating a portion of a property to NCF before a sale can lead to significant tax benefits while supporting your chosen causes. NCF can manage these assets, using the generated income for charitable purposes.
- Creative and Personalized Giving: Eric's inspiring story showcases the power of creative giving. He used NCF for his wedding registry, directing well wishes towards missions instead of receiving traditional gifts. He also shares valuable insights on avoiding common mistakes in charitable giving, especially after selling a business or real estate.
Remember, it's not just about financial gain, it's about making a difference. Listen to the full episodes below to learn more about impactful giving strategies.
https://lifebridgecapital.com/2024/02/01/how-can-i-make-a-bigger-impact-eric-most/
https://lifebridgecapital.com/2024/02/01/how-to-be-faithful-steward/
Ready to invest in real estate and make a positive impact? Visit lifebridgecapital.com to explore investment opportunities and start your journey toward financial success with a philanthropic purpose.
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