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4 Creative Ways to Use Your Donor Advised Fund

2 years ago By Bill High

At The Signatry, we believe it’s a new day for generosity. With donor advised funds as a commonly used tool, many are finding new ways to use their fund creatively. Here are just a few ideas: Helping the Needy. Did you know that you can make gifts to individuals in need by way of a ministry called Helping Hands?  For example, gifts to help those hit by hard financial times, unforeseen medical bills or catastrophic situations. Company Benevolence. Increasingly, we’ve seen companies create donor advised funds to which employees may contribute and help fellow employees in need (by way of…

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Family

The Seventh Generation Legacy – Can it be Yours?

3 years ago By Bill High

When you meet with most advisors, they encourage you to think of retirement. “Plan for the long term” is the adage. But what about seven generations? In Jeremiah 35, God asks Jeremiah to bring in the Recabite family and offer them wine to drink. (For context, this is a period of time when Jeremiah questions whether any are faithful.) However, when the Recabites come in before Jeremiah, they refuse to drink the wine. Their response, in essence: “We don’t drink wine, we don’t build houses, we live in tents, and we don’t plant gardens because our forefather Jonadab son of…

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Advisor

Don’t Make this Giving Mistake

3 years ago By Bill High

I’ll never forget the frantic phone call I received one year ago on December 31st. A donor had sold some assets during the year and had just figured out his tax consequences. He needed tax deductions, and he needed them now! The problem was that he’d started so late in the game that it was too late to donate any publicly traded stock. It was also too late to donate any other assets. And worse, because he’d sold the assets without donating a portion first, the entire amount of his capital gains were locked in. His only option was to…

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Family

What’s Wrong with the Tithe?

3 years ago By Bill High

There’s a lot of confusion about tithing. If you go into most churches today, you’ll find that tithing, or giving 10 percent of your income, is what most pastors preach.  A survey several years ago among evangelical pastors found that a whopping 58 percent believed that tithing was not required by the bible; 42 percent believed that it was. In truth, tithing is an Old Testament concept.  And in fact, while tithe means 10 percent, there were actually three tithes in the Old Testament—one for the Levites, one for the temple and one for the poor (which occurred every three…

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Ministry

Can We Raise the 2 Percent?

3 years ago By Bill High

There are some rosy numbers out there for the giving world. For example, in 2015, The Atlas for Giving predicted giving to be at a total of $442 billion. While this is a healthy number, it actually is a decrease. Here’s the head scratcher—giving remains at 2 percent of GDP and has been that way for the past 40 years.  Put differently, no matter the times, no matter how well the stock market does, no matter how much incomes rise, giving as an overall percentage of the wallet has remained the same. That flat giving percentage puzzles me, since more…

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Advisor

Friends Don’t Let Friends Sell Businesses!

4 years ago By Bill High

I speak often on the subject of giving and taxes.  Probably more than 2 years ago, I spoke to some ministry leaders and I told them, “Friends don’t let friends sell businesses.” Roger, one of those ministry leaders, heard me.  One of his good friends was preparing to sell a business.  And all he knew was that his friend shouldn’t sell unless he talked to us.  Roger got his friend to talk to us, and as a result, his friend the business owner is paying less tax at the time of the sale while at the same time increasing his…

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