Katherine and Mark bought a piece of property 25 years ago for $50,000.  This year, it was worth $500,000.  Having a heart for evangelism, they wanted to sell the asset and then give the proceeds to their favorite ministry, a missionary organization in East Africa.

Doing so, however, would have sent tens of thousands of dollars to the Federal government in taxes, instead of to the missionaries in critical need of those dollars.

Then Katherine and Mark learned about Knoxville Christian Foundation (KCF), a recognized leader in accepting and liquidating innovative gifts such as real estate, business interests, and restricted securities.  They decided to give their property directly to KCF.

After liquidating the property, KCF put the proceeds into Katherine and Mark’s Giving Fund, which they used to recommend grants to their favorite ministry.  Why was this a wise choice?

• No capital gains tax.  They avoided capital gains tax, saving $94,500. These dollars went to support the ministry work of missionaries across East Africa.
   
• Higher charitable income tax deduction.  Katherine and Mark received a tax deduction of $500,000, the fair market value of their property. This saved them an additional $38,745 in income taxes.
   
• Maximized gift.  They were able to give $500,000 to charity instead of $405,500.

With the extra $94,500, the missionary organization
bought a year’s supply of Bibles and trained hundreds
of missionaries to effectively spread the Gospel.  With the extra $38,745, Katherine and Mark helped put their daughter through college.