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 ...
In the 90s I owned a consulting practice. I often stayed late on New Year’s Eve, because I wanted to tally up our final profit and loss numbers! It wasn’t to greedily examine my profits. Instead, it was to determine how much extra I could give to charity before the tax year ended. Joy would fill my heart as I ...
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 Giving Tuesday concept was launched in 2012 by Henry Timms of the 92nd Street Y in New York City and the United Nations Foundation. Timms desired to change the narrative from the consumerism that came with Black Friday and Cyber Monday to generosity. The result is an international movement of organizations leveraging Giving Tuesday as a launch to the ...
When we catch ourselves putting too much focus on our finances, scripture recommends generosity as a way to restore balance. The apostle Paul told the Corinthians to be a conduit for giving to others as a form of service and gratitude. “You will be enriched in every way so that you can be generous on every occasion, and through us your generosity ...
Years ago, during a challenging economic cycle, my friend Jeff and I discussed the impact of the economy on ministries. Jeff shared that he and his wife had decided to significantly increase their giving, due to the economy and many struggling ministries. A generous spirit is rare and refreshing. Paul highlighted the generous spirit of the Macedonian church in 2 ...
Over the years I’ve gotten to know many wealthy business leaders. I’ve wondered why some are generous, while others are not. One of the answers comes from a recent survey conducted by the American Bible Study. This study determined that 94% of people whom they call “scripture engaged” gave to charity a median amount of $2000 annually. This is in ...
In this series, we’re discussing seven keys to successful business startups. The final key to success is to be generous. One of the paradoxical concepts in the Bible is that if you generously give away money for God’s work, He, then, can trust you with more, sometimes replacing far more than you gave. Bob faithfully tithed from his personal paycheck ...
While many prepare for year-end festivities, many generous entrepreneurs are examining their estimated bottom-line profit for the past year. These men and women are making decisions on how to minimize taxes and how much to give to charity. Doublethedonation.com claims that 10% of annual charitable giving comes in the last three days of the year. Many business leaders now ...
Equipping Others to Do Work Differently
