HELPING UNLOCK NON-CASH GIVING
EPC’s Generosity Resources aims to help churches and their members/donors in four strategic ways:
• Maximize giving.
• Minimize taxes.
• Maximize impact.
• Minimize complexity.
Our passion is to see EPC churches’ vision and mission abundantly funded and fulfilled. Our mission is to provide creative resources to EPC churches that release untapped wealth possessed by generous Christ-followers. Our values are simple:
• Church focus: We work with and for EPC churches.
• Leader partnership: We partner with and support church leaders.
• Relational trust: We build relationships and prove our trustworthiness.
• Creativity: We help uncover non-traditional sources of income.
• Simplicity: We help simplify use of complex financial instruments.
• Tax stewardship: We help generous donors give in tax-wise ways.
• Affordable services: We recommend resources that maximize net donations.
• EPC support: We offer ways to sponsor EPC strategic initiatives.
We’d love to have an individual conversation, so please contact us for assistance or additional information. We also can help with an educational seminar.
In North America today, 90 percent of owned assets are non-cash (stock, real estate, business interest, etc.), but these make up only 20 percent of charitable contributions. This means that more than 80 percent of charitable giving comes from assets held in cash. In addition, 80 percent of the world’s evangelical wealth is in North America.*
In the next 10 years, $9 trillion of household wealth and assets are expected to transfer from the Builders to Baby Boomers to Gen-X and Millennial Americans.** Looking further out, in the next 25 years, 45 million U.S. households will pass $68 trillion to charities and their children, the biggest generational wealth transfer ever.***
A stewardship question—is your church participating in this transfer of wealth?
*Ron Blue with Jodie Berndt, Generous Living: Finding Contentment through Giving (Grand Rapids, MI: Zondervan, 1997).
**Chronicle of Philanthropy report, April 17, 2018.
***Cerulli Associates report, 2018.
WHAT WE DO
For EPC churches that cultivate a culture of generosity among their members, we deliver creative fund-raising resources. We want to help members become wise stewards of God’s blessings. We aim to help churches convert into cash some of the 90 percent of member wealth held in non-cash assets. By accessing this reservoir of potential contributions, we help churches boost members’ spiritual growth, fund their mission, and enhance impact on their community and the world. We partner with church leaders during key episodes and events in a church’s financial life, such as a capital campaign, annual stewardship drive, or special mission projects.
FOR CHURCH MEMBERS
For members of EPC churches, we help their church serve those with a heart of generosity. We promote asset-based giving and legacy planning to complement cash-based giving. Generosity Resources can deliver methods to access hard-to-donate assets, such as business interests and real estate. To deliver world-class service, we utilize the expertise and infrastructure of the National Christian Foundation (NCF) and suggest that churches consider using Christian legacy planning ministries. Generosity Resources helps church leaders with this process.
HOW WE HELP
We partner with the National Christian Foundation (NCF). We also collaborate with the services of several legacy planning ministries: Financial Planning Ministry, Orchard Alliance, and Philanthrocorp. These relationships allow Generosity Resources to offer world-class services and several relatively simple-to-use financial instruments.
For churches, the best single step with NCF is to open a Single Charity Fund—a free, foundation-like tool for your church. Here’s how it works:
• Set up your Single Charity Fund by downloading the form below. Sign, scan, and email completed form to the address at the bottom of the form.
• Donors may contribute cash to the Fund online.
• Donors may contribute to the Fund with gifts such as stocks, mutual funds, and other non-cash assets.
• NCF liquidates the assets and handles all the administration of the Fund.
• Church goes online to request gifts from the Fund to selected ministries of the church or even supplement the general budget.
For churches that want to help their members plan a legacy of generosity that may benefit the church, download and read a summary of services provided by the above ministries. Then review their website and contact Generosity Resources or any or each of the organizations for more information.
NCF Single Charity Fund
Click to download the NCF Single Charity Fund application form
GENEROUS CHURCH MEMBERS
For generous church members, the best first step is to set up a Giving Fund with NCF (a “donor-advised fund”). This very useful tool may be particularly beneficial tax-wise in planning personal federal income tax deductions over multiple years. NCF offers numerous ways to contribute in a tax-wise way from less-traditional sources. Assets can flow into the Giving Fund at NCF. From there, the donor is able to direct use of the funds for charities—including the church. These assets can include:
• Donate appreciated securities like stocks, bonds, and mutual funds. Upon sale, the proceeds go a Giving Fund are available for donations to charity.
• Business interests. Donate a non-voting interest in an ongoing business to receive a substantial tax deduction, provide ongoing tax-free cash flow to a Giving Fund for charitable gifts and still maintain management oversight of the company.
• Sell a private business to multiply donor’s giving opportunity. Before selling a business, donate a non-voting interest in your business to your Giving Fund to receive a substantial tax deduction, reduce or eliminate capital gains taxes on the gifted interest, and convert those tax dollars into more giving to your favorite ministries.
• Give real estate before the sale in order to improve cash flow, reduce or eliminate capital gains taxes, and send more through a Giving Fund to favorite charitable causes.
• Use income-producing real property to fund donations to charity through a Giving Fund.
Other financial transactions that NCF can handle include:
• Contribute tax-free up to $100,000 of annual Required Minimum Distribution (RMD) from a tax-deferred retirement account to the church’s Single Charity Fund.
• Charitable gift annuity. Donor makes gift to the church’s Single Charity Fund (part of which is tax-deductible), designates a beneficiary such as the church, and receives fixed annuity payments each year for the remainder of his/her life.
• A Charitable Trust helps balance two interests—charitable giving and income for donor or his or her heirs. With a charitable lead trust, money is paid first to a charity (can be a church’s Single Charity Fund) for a specified amount of time. At the end of the trust period, the balance of the trust goes to a designated beneficiary—typically the family of the trust creator. A charitable remainder trust reverses that order, paying a beneficiary first.
• Testamentary gifts and gifts from trusts allow donors to reduce estate or income tax burden upon death, while also ensuring that giving goals and objectives are carried out after death.
• Gift of Life Insurance. A simple (and free) change in a Beneficiary Destination Form will allow a portion or all of a Life Insurance proceeds to flow to your Giving Fund or to your church’s Single Charity Fund.
Click here for more detailed information on Giving Funds available through the National Christian Foundation.
Generous church members should also plan ahead, using the services of independent Christian experts to decide where, when, and how the assets entrusted to their stewardship should be distributed in a tax-wise and Kingdom-driven way after death.
WHO HELPS US
Our partnership with NCF lets us provide superb expertise, reliable infrastructure, and trustworthy financial management for EPC churches and their generous members. Generosity Resources’ overhead cost is intentionally low since we don’t have our own organizational infrastructure. Instead, we utilize the dedicated experts at the world’s largest Christian grant-making foundation. Generosity Resources does not usurp or interfere with donor decision-making, but rather acts as a liaison between NCF and EPC church leaders and member-donors. Our partnership with NCF provides access to:
• Flexible financial instruments that fit many situations and support the church’s interests.
• Traditional and non-traditional estate planning and wealth transfer tools.
• Expertise in tax-wise donations of non-cash assets.
NCF is located in Alpharetta, Georgia, and operates as a 501(c)(3) charitable granting ministry providing wise giving solutions, mobilizing resources, and inspiring biblical generosity among Christian families, advisors, and charities. NCF is currently the 8th largest nonprofit in the United States, having accepted over $12 billion in contributions and made more than $10 billion in giver-recommended grants to more than 55,000 charities. NCF is an industry leader in accepting gifts of appreciated assets such as stocks, real estate, and business interests, which enable donors to save taxes and maximize charitable gifts.
Generosity Resource also has strategic alliances with three evangelical, non-denominational legacy planning ministries. Click the images below for more information.
Financial Planning Ministry
Financial Planning Ministry is a national network of church and parachurch ministries dedicated to providing a path to sound biblical stewardship though their legacy plans. They provide clear and accurate information that helps church members avoid unnecessary and costly mistakes.
Orchard Alliance provides a comprehensive, biblically based stewardship ministry to help people design their will or trust from a Christian perspective. Whether a simple giving plan or a complex situation, Orchard Alliance is equipped to walk through the entire gift and legacy planning process.
PhilanthroCorp serves the church by helping people understand legacy planning as a spiritual process before it’s a legal process (and possibly their greatest stewardship act), and help them develop a plan to transfer management of wealth and relationships in a manner that reflects good stewardship.
Click the image below for a handy, side-by-side comparison chart of the services offered by each of these three organizations.
Recommended Legacy Planning Partners
WHEN WE HELP
Certain events in a church’s financial life offer the best opportunities to utilize the services of Generosity Resources. Best examples include an annual stewardship drive, periodic capital campaign, an EPC generosity seminar, or classes like those offered by Crown Financial Ministries, Financial Peace University, Generous Church, or Generous Giving. Click any of the images below for more information on these ministries.
Crown Financial Ministries
Financial Peace University
In a church member’s financial life, certain events create a strategic opportunity for generous individuals to utilize the services of Generosity Resources. These include receipt of a large bonus and/or profit-sharing, planning year-end tax-wise options, sale or restructure of a private business, sale of real estate, original or revised estate planning, gaining an inheritance, and more.
OFFICE OF THE GENERAL ASSEMBLY
Bob Welsh, Generosity Resources Field Representative
GENEROSITY RESOURCES COMMITTEE
Bobby Cobbs, Chair
RE, Presbytery of the Pacific Southwest
TE, Presbytery of the Midwest
RE, Presbytery of the East
RE, Presbytery of the Pacific Northwest
RE, Presbytery of the Central South
TE, Presbytery of the Mid-Atlantic