Aiken, South Carolina
Presbyterian Church (USA)
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South Aiken Presbyterian Church Endowment Fund
Offers a Tax Break for Church Members
Did you know that you can give appreciated property to the church and take the full amount as a tax deduction? Well, you certainly can! For example, if you own a lot on the lake that you bought for $10,000 several years ago, and now it is valued at $50,000, and you know you will never build on it, you can give it to the church's new Endowment fund. Your tax benefit would be $50,000 and can be spread over 3 or 4 years. Or, if you have liquid assets such as stock that you bought a couple of years ago at $20 a share and it's now worth $100 a share, you can give, say, 200 shares to the church and apply the total of $20,000 against your taxes. In fact, you can designate how the money is to be used. For more information, contact Tom Pons. |
PC(USA) logo is registered by Presbyterian Church (USA)
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