Gift of Cash

The simplest way to give is with a gift of cash. For income tax purposes, your cash gifts are deductible up to 50% of your adjusted gross income for the taxable year, but any excess is deductible over the next five years.

Gift of Securities

If you contribute long-term appreciated securities to the Adventist Church, you get a twofold income tax benefit – you can deduct the full present fair market value, and you owe no tax on the increase in value.

The limit on deductibility in any tax year is 30% of your adjusted gross income, but any excess is deductible over the next five years.

If you want to give securities on which you have a loss, consider selling them instead and then donating the proceeds. That way, you’ll have a loss deduction to offset any gains on sales, plus you’ll still get your charitable deduction.

Gift of Tangible Personal Property

This category includes items like an art object, prized collections, or antiques. You can donate such property and take a deduction for its full fair market value if the item’s use is related to our exempt purpose. But if you’re unable to establish that we can use the gift property for a purpose related to ministry, you can deduct only the amount it cost.

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A gift of any type of asset to the Seventh-day Adventist Church results in an income tax deduction. However, there may be other tax benefits for your gift, as well.