Legacy Giving

Donating property such as a home, vacation property, undeveloped land, or commercial real estate can provide substantial support to Ashure Ministry while also offering remarkable tax advantages for you. By giving appreciated real estate that you have owned for more than one year, you can bypass capital gains taxes that would otherwise be incurred upon its sale, and you may also receive a charitable income tax deduction for the fair market value of the property.

Helpful Tips:

· Please contact us early in your planning process to discuss your potential gift. Real estate gifts require careful consideration and planning.

·  Ashure Ministry will need to assess the property to ensure it aligns with our charitable mission and is a suitable gift. This process typically involves a review of the property's condition, marketability, and any associated liabilities.

· An independent qualified appraisal will be required to determine the fair market value of the property for tax deduction purposes.

· Work with your legal counsel to formally transfer the property title to Ashure Ministry, ensuring all legal requirements are met.

· Consider various options, such as an outright gift, a gift while retaining lifetime use (a retained life estate), or including real estate in your will or trust.

Please note: Always discuss your intentions with your attorney, financial advisor, and tax professional.

For many individuals, retirement accounts like IRAs and 401(k)s represent significant assets, but they can also be subject to substantial federal income taxes when passed to heirs. By designating Ashure Ministry as a beneficiary of your retirement plan, you can transform these potentially heavily taxed assets into a powerful legacy, supporting families facing hunger and homelessness.

Helpful Tips:

· Name Ashure Ministry as a primary or contingent beneficiary of your IRA, 401(k), 403(b), or other qualified retirement plan.

· Contact your plan administrator for guidance on the best way to pass the balance of your retirement assets to Ashure Ministry.

· If you are age 70½ or older, you may be able to make a direct, tax-free gift of up to $100,000 per year from your IRA to Ashure Ministry through a Qualified Charitable Distribution (QCD). This counts toward your Required Minimum Distribution (RMD) and is excluded from your taxable income.

· Please notify us of your gift so that we properly acknowledge your profound generosity.

Gifts of appreciated stocks, bonds, and mutual funds offer a remarkably tax-efficient way to support Ashure Ministry. When you donate securities, you unlock significant tax benefits that can enhance the impact of your generosity. It's a smart way to maximize your contribution while avoiding capital gains taxes that would otherwise be due if you sold the assets yourself.

Helpful Tips:

· Transfer stocks, bonds, or mutual fund shares that you have owned for more than one year and that have appreciated in value directly to Ashure Ministry

· Ashure Ministry will sell your transferred securities and use the full proceeds to directly fund our critical programs and services

· You receive an income tax deduction for the fair market value of the securities on the date of transfer, up to applicable IRS limits

· By donating appreciated securities directly, you pay no capital gains tax on the appreciation when the stock is sold by Ashure Ministry

· Giving appreciated stock can be more valuable than cash, offering greater tax savings for you and more support for us

Please inform Ashure Ministry of your intention to transfer securities so we can anticipate the gift and provide you with our brokerage account and any necessary assistance to ensure a smooth and timely transfer.

A Donor-Advised Fund (DAF) offers a flexible and tax-efficient way to leave a lasting impact. By contributing to a DAF, you receive an immediate tax deduction for your donation, and your assets can grow tax-free. You then have the ongoing flexibility to recommend grants to Ashure Ministry at your convenience, allowing you to sustain your philanthropic legacy over time.

Helpful Tips:

·       To make a gift, simply recommend a grant to Ashure Ministry directly from your DAF account through your sponsoring financial institution

·       You can designate Ashure Ministry as a beneficiary of your DAF to continue your impact and support our mission for years to come

·       When recommending a grant, please provide your financial institution with our full legal name: Ashure Ministry, Inc., our EIN #: 54-0946734, and our mailing address: 245 East N Street, Newton NC 28658.

·       While not required, letting us know about your DAF grant recommendation or beneficiary designation allows us to thank you properly and plan for the impact of your generosity.

For many, a will or living trust is more than just a legal document—it's a reflection of the values and passions that define your life. By including Ashure Ministry in your estate plans, you can ensure your commitment to our mission of ensuring every person has what they need to be nourished and to thrive continues to make a profound difference for generations to come.

Designating a gift to Ashure Ministry in your will is a simple yet powerful way to extend your impact, leaving a lasting legacy that sustains our vital work without affecting your assets during your lifetime.

See the Sectio Below for A Full Walk Through with an option to begin your will for free if you are interested.

Ashure Ministry accepts a wide range of personal property to help those facing hunger and homelessness. Collections, antiques, artwork, and other types of personal assets can be used to make a gift. The valuation is based on a qualified appraisal if the value exceeds IRS thresholds, and acceptance will consider the item's relevance to the organization's mission and its marketability.

Helpful Tips:

·       In most cases, your income tax deduction for a gift of personal property is limited to the amount you originally paid for the property.

·       You may also qualify for a charitable tax deduction

·       For items valued over $5,000, the IRS requires a qualified appraisal to substantiate your charitable income tax deduction. This appraisal must be obtained at your expense before the gift is formally made.

Please note: Work with your legal advisor to ensure the proper transfer of ownership and any necessary documentation is completed.