Unlock the Power of Non-Cash Giving
When we think of giving to causes we care about, we often think of cash donations. But did you know that non-cash giving is a powerful way to make an impact that also comes with valuable tax benefits? Non-cash giving offers a smart, flexible way to give—one that doesn’t require opening your wallet.
What is Non-Cash Giving?
Non-cash giving refers to the donation of assets other than money. It could include stocks, bonds, cryptocurrency, and donor-advised fund (DAF) to name a few. For many millennials, non-cash gifts provide an opportunity to give in a way that maximizes impact while offering significant personal financial benefits. Let's break down the types of non-cash giving and how each can benefit both you and your favorite causes, like Khesed Wellness.
Let’s dig into stocks, cryptocurrency, and donor advised funds (DAFs).
Stock Donations
Have you invested in the stock market? Whether it's through your company's 401(k) or a personal brokerage account, your gains can do more than boost your portfolio. Donating appreciated stocks can give you a double tax benefit. First, you avoid paying capital gains taxes on the stock’s increase in value. Second, you receive a charitable tax deduction for the full market value of the stock at the time of donation. It’s a win-win: You can reduce your tax burden while helping to expand mental health care access for those who need it most.
Cryptocurrency
If you’re one of the many millennials dabbling in crypto, you might not know that donating cryptocurrency, like Bitcoin or Ethereum, comes with huge tax advantages. Like stock donations, you avoid capital gains taxes and can deduct the full value of your donation. It’s also a fast, secure, and innovative way to support us. The crypto you’ve been holding onto during market ups and downs could become a lifeline for someone in need of free and affordable outpatient mental health therapy.
Donor-Advised Funds (DAFs)
Donor-advised funds are becoming increasingly popular among people who want flexibility and control over their giving. DAFs are like charitable savings accounts: You contribute assets (cash, stocks, or other non-cash assets) to the fund, receive an immediate tax deduction, and then recommend grants to charities over time. If you're not ready to give all at once or want to involve your family in your giving journey, a DAF allows you to grow your philanthropic impact gradually, while enjoying upfront tax benefits.
The Tax Benefits of Non-Cash Giving
So, what are the tax advantages of non-cash giving? Here’s the breakdown:
Avoid Capital Gains Taxes: When you donate appreciated assets like stocks or crypto, you can skip the capital gains taxes that you’d otherwise have to pay if you sold those assets.
Maximize Your Charitable Deduction: You can claim a deduction for the full fair market value of the asset you’re donating, potentially lowering your taxable income.
Flexible Timing: For assets like a DAF, you get an immediate tax deduction for your donation but have the flexibility to distribute the funds over time, allowing you to plan your impact more strategically.
These tax benefits not only lower your tax bill but also allow you to give more generously than you might have thought possible.
The Impact of Your Non-Cash Gifts
Non-cash gifts can make an outsized difference in our ability to provide mental health services to those most in need. At Khesed Wellness, we’ve seen how donations of stocks, crypto, and DAFs directly fund life-changing therapy for individuals who otherwise couldn't afford care. Your gift—whether it’s in the form of assets or cash—helps us continue our mission of offering affordable, inclusive mental health care.
Non-Cash Giving for Young Adults
Young Adults are known for seeking impact, innovation, and smart financial strategies. Non-cash giving checks all of those boxes. You don’t need to be a financial expert or a high-net-worth individual to make a difference. Whether you're donating stocks, crypto, or contributing to a DAF, you can maximize your impact, minimize your taxes, and help build a healthier, more equitable world and personal financial future.
Get Started with Non-Cash Giving Today
If you’re interested in exploring non-cash giving options to support Khesed Wellness, reach out to us! We’re happy to help you navigate the process and unlock the power of your assets to create a lasting impact.
Your giving journey doesn’t have to be limited to cash. With the flexibility and tax advantages of non-cash giving, you can make a meaningful contribution today, while securing financial benefits for your future.
