Brad, an Ohio entrepreneur, wanted to help a young church planter get started. So, when Brad learned this pastor had budgeted $5,000 per month for a church facility, Brad bought an old church building that was on the market for $600,000. He leased it to this new church for $5,000 a month. Two years later, due to the improvements made ...
Our home is located between two grocery stores. One is a high-quality grocery store with a nice selection of meats and fresh produce. The other store has somewhat lower prices but low quality and selection. Recently Aldi’s and Whole Foods moved-in near the lower priced grocery store. Last week that store announced it’s closing. While the high-quality grocery store is ...
With an estimated 8 million businesses expected to sell or transfer due to the Great Wealth Transfer, pondering who to sell your business to is an important exercise. Money shouldn’t be the only factor. Although you may depart after the sale, your employees and executive team will still be there. Here is a principle that may need considered during a ...
For those business owners who desire to give from their profitability, a donor advised fund (DAF) can allow them to donate into their DAF in late December for their tax deduction. Then in January, the business owners can determine to which ministries they desire to give. DAFs, however, take away the urgency of selecting ministries to support. This sometimes results ...
Globally, 83% of the world’s population claims that religion is important to them. But of the 38 wealthiest nations that belong to the Organisation for Economic Co-operation and Development, including the United States, only 36% view religion as important. According to a recent Gallup poll, in 2015, 66% of the U.S. population said religion was important to their life; but ...
Between banking and ministry, I’ve been around a lot of business leaders blessed with extreme wealth. I’ve seen those who hoard their wealth, and, the misery wealth can bring. But I’ve also known those who view wealth as a blessing from God, to be used to bless others. From the world’s perspective, if you give more, you’ll have less; ...
The Big Beautiful Bill may have a big but not so beautiful impact on corporate giving next year. In 2026, corporations will have new limits on their charitable giving. Currently, they can deduct 10% of their taxable income, but next year the first 1% will be excluded. Subchapter S corporations have long been allowed more generous charitable deductions, allowing owners ...
Michael desired to cash in on some of his gains in his stock portfolio. But if he did, he knew selling stock would trigger significant tax consequences. Michael usually makes a significant cash contribution to UBN at year end, so he decided shrewdly to combine the two transactions by gifting stock instead. The result was Michael avoided paying capital gains ...
The advent of cryptocurrency billionaires and successful tech investors can make us feel like everyone else is obtaining untold riches in weeks, if not days. A sense of “FOMO,” or Fear of Missing Out, can make us feel like maybe we’re not working hard enough or not taking the right risks to get ahead. But God’s economy is different. God’s ...
Prior to 1871, America’s retail stores relied on individual price negotiations with each customer. In October of 1871, Philadelphian merchant and Quaker, John Wanamaker, instituted the one price system. Wanamaker started his department store with a desire to build his store on Christian principles. He created many innovative ideas in alignment with his faith that led to him growing the ...
Equipping Others to Do Work Differently
