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Gifts of Stocks, Bonds, Art and Other Assets

Sometimes supporters of Amazing Discoveries would like to help the ministry but they do not have the cash to do so. However, they might have other assets like stocks, bonds, vehicles, boats, airplanes, art, collectables, etc. that they would be willing to donate. In an interest to help the ministry (and get the item out of their garage), they sell the asset and donate the proceeds to Amazing Discoveries. While this is wonderful, it could be a mistake. You also find people who do not want the hassle of selling the asset so they donate it to Amazing Discoveries and let us handle the sale. This also could be a mistake. The general rule of thumb is:

If the asset has gone up in value, Amazing Discoveries should sell it

If the asset has gone down in value, the donor should sell it

Following this rule should give you the greatest tax advantage. Here’s how it works.

If the asset has gone up in value, you will gift the appreciated asset to Amazing Discoveries. Amazing Discoveries will then sell the asset and keep the proceeds. You will get a charitable deduction for the value of the asset and can escape from paying the Capital Gains Tax on the difference between your basis (how much you paid for it) and the fair market value (how much we sold it for).

However, if the asset has gone down in value, you will sell the asset and then give the proceeds to Amazing Discoveries. This would give you a charitable deduction and could give you a deduction for the loss on your investment.

If you have an asset you would like to donate to Amazing Discoveries, please contact a tax advisor before selling or donating the asset.

If you are interested in gifting an asset to Amazing Discoveries click here to contact us now.

AD Stories:

I love the Amazing Discoveries messages, some of the clearest and most hope-filled! They have blessed Show more... my oldest son and assisted him to become more mature in Christ.
Shirley & Jay
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AD has helped me tremendously! I woke up from “New Age” two years Show more... ago, and AD helped me find truths that I've never been aware of and filling me with so much Knowledge. I discovered the truth about the Sabbath and the great conspiracy. You've led me to Jesus Christ and I’m now a baptized Adventist. I love Amazing Discoveries! Thanks you so much.
Norway
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Being new to the faith and wanting the 'meat' of your message, AD has opened my Show more... eyes to just how much we are in a STRANGE LAND & just passing through! I praise God, for more of God, unashamed to proclaim the straight testimony though many would try to water down and distort God's end time message. THANK YOU!!! Keep up the good work.
Jeremiah
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