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Years ago, my friend, Mark, with wise counsel, donated 20% of his stock in his family business to a donor advised fund. This action resulted in a significant tax refund that he used to fund God’s work!
Furthermore, every year when his company distributed profits, his donor advised fund would receive 20% of the dividends tax-free to give to charity! Finally, Mark sold his company.
His donor advised fund received 20% of the sale proceeds with no capital gains tax, also funding charity. Wow!
In Matthew 10:16, Jesus said, “I am sending you out like sheep among wolves. Therefore be as shrewd as snakes and as innocent as doves.”
This one shrewd strategy resulted in Mark leveraging his business to generously fund God’s work, without jeopardizing his ownership control.
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