Say Yes to Non-Cash Donations: How a Charity Fund Can Help
Your donors can expand their capacity to give through non-cash asset donations. Is your nonprofit ready to say yes to an asset gift?
Read MoreFilter Posts
Your donors can expand their capacity to give through non-cash asset donations. Is your nonprofit ready to say yes to an asset gift?
Read MoreTell donors about opportunities to save tax and give more.
Read MoreIf you really knew me, you would know that I … (finish the sentence). This is an icebreaker I saw utilized at a conference recently. Wow. What a way to…
Read MoreMike and Cindy Stein’s journey in generosity is marked by perseverance, commitment, and most notably an intention to multiply. Through God working in their hearts, together they discovered their legacy,…
Read MoreWhat would you do if you could give more without ever touching your bank account? Fran McGowen did just that by adopting a charitable strategy that allowed him to use…
Read MoreThere are many predictions and expectations for 2021 as both people and the economy shake the pandemic. One key change that has accelerated since last year is the number of…
Read MoreWhenever I speak or write about business sales and giving business interest gifts, I always emphasize the importance of giving BEFORE the sale of the business. Every year, I will…
Read MoreIt happens time and again. While most owners have 80-90% of their assets locked up inside of their business, it’s remarkable how unprepared many of them are at the point of…
Read MoreYou have worked hard to build your business. You have put in the work, stood firm through the tough times, and rejoiced in the triumphs. You have seen your business…
Read MoreSelling a business involves careful planning, but we often don’t take into consideration how it will impact our family. What does it look like to steward your family through this process in a way that will not only protect but allow them to thrive generations from now? When faced with these issues, there are a few important questions to consider: What should I give to my children? 70% of wealthy families lose their fortune by the second generation, and by the third generation, 90% have squandered their money. Clearly, passing on money is not enough to solve problems in our families. We often forget that there is more than financial capital to pass on; we need to consider the intangible aspects of wealth- social, spiritual, intellectual, and emotional capital. Your children will be more equipped to handle financial wealth when it is preceded with the knowledge and family values imparted. How are my children equipped to handle wealth? How do you ensure your children are ready to steward the wealth you plan to pass on to them? Thriving individuals are more likely to handle inheritance properly. Are they responsible with their finances? Do they have a good work ethic? Considering whether the inheritance is most likely to contribute or cripple their life, is important. Sometimes the most loving action is saying “no” and setting boundaries that encourage your children to grow. By passing on biblical values and placing a priority on the intangible assets, we cultivate healthy families and provide a means for long term success. What is God calling me to do in the next season? Transitioning out of your business can be an exciting time to pursue God’s calling for the next season of your life. Consider how you can use this next season to continue to cultivate family relationships and build upon your legacy. Think about the causes you and your family are passionate about. You can make memories with younger generations by giving back, supporting, and volunteering with ministries as a multigenerational family. The heart of generosity goes far beyond the money we are willing to give. It permeates everyday decisions and determines the legacy we will leave. Cultivating a lasting family through the sale process will require honest communication. A healthy family will practice transparency. If the challenges seem too great, it is ok to invite outside help. In the same way, a business sale requires advisors, you may want to invite someone you trust to help advise your family as you deal with difficult topics and proactive planning. Wealth does not have to break apart our families. By bringing a better balance to our families as we learn to pass on intangible capital as well—emotional, spiritual, mental—we set the stage for long term success.
Read MoreYou’ve heard this story. Mom and Dad start a business. After a lot of years of hard work, the business grows to be a successful endeavor. Mom and Dad love…
Read MoreHello! I’m Joe Williams and I’m the President of the Plains Region of The Signatry. My role is to meet with donors to help them maximize gifting opportunities through strategic…
Read MoreHello! I’m Steve French and I’m President of The Signatry. As a former business owner, one of my chief regrets was that I missed out on the opportunity for greater…
Read MoreIn 2016, Americans sold 7,842 businesses—whether through asset sale or stock sales. That number is expected to go up in 2017. Why so many sales? Business sales are skyrocketing for…
Read MoreI 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…
Read More