Clark Family Minimizes Tax & Maximizes Generosity

Taylor Clark and his family are passionate about college discipleship. They look for opportunities to support campus ministries in many different ways: with their time, expertise, finances, and more. As he pursued savvy financial stewardship, Taylor discovered that even his success in the renewable energy business could also benefit these ministries.

Taylor learned he could use a donor advised fund to donate part of his businesses before an upcoming sale. Donating this kind of appreciated asset before it sells allows the Clark family to save money on taxes and give 20 – 23% more to support student ministries.

Here is a brief overview of The Signatry’s donor advised fund nonliquid giving process:

group of business people in a meeting discussing selling their business in order to be more generous

Step 1:

Before the business sale process begins, donate part or all of your business interest to a donor advised fund with The Signatry. The Signatry takes ownership of the donated asset.

Benefit #1: When you donate the business interest, you may receive a tax deduction for the fair market value of the donated portion, lowering your taxable income.

family of three on their computer looking at biblically responsible investment pools

Step 2:

When the business is sold, the portion held in the donor advised fund at The Signatry will be liquidated, and the resulting cash in the fund balance may be granted to charities.

Benefit #2: Your capital gains taxes from the sale may be lower because you have already donated part of the business to The Signatry.

Benefit #3: The Signatry is a 501(c)(3) public charity and may be able to pay a much lower capital gains tax rate on the sale proceeds from the donated asset. This can leave a higher portion of the proceeds available for granting in the donor advised fund.

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