How to make your generosity shine even brighter
The final few weeks of the year are a busy time for many of us, often filled with family get-togethers, church activities and Christmas celebrations.
Many people also find special joy in spreading generosity during this season of giving.
It’s a good time of year to consider how making charitable contributions can help the organizations you care about and provide tax benefits for you as well.
For example, if you donate to a charity, you’ll receive an income tax deduction for your 2017 tax return.
But in addition to cash, you also can donate:
- Stocks and other assets that have risen in value
- Retirement funds or unused life insurance
- IRA disbursements
- Farm commodities, including corn, wheat, livestock, eggs or honey
With a little planning, you might uncover new avenues for generosity and tax savings.
Everence® is pleased to serve individuals, churches and businesses associated with Ohio Ministries. Everence has a number of representatives throughout Ohio who would be happy to meet with you to discuss your financial questions and concerns – including how you can map out a plan for your charitable giving. For more information, please visit everence.com.
Everence offers credit union services that are federally insured by NCUA. Investments and other products are not NCUA or otherwise federally insured, may involve loss of principal and have no credit union guarantee. All products are not available in all states.