Appreciated Assets/Non-Cash Gifts

Appreciated Assets/Non-Cash Gifts

The federal tax law makes gifts of appreciated assets — those that have grown in value — more advantageous than giving cash. Because the appreciation is not subject to capital gain tax and you receive a tax deduction for the full value of the gift, you can actually contribute more money to ministry through non-cash gifts.

Stock Transfers: Securities can be electronically transferred to GENEVA.

Please provide your financial advisor with the following account information:
Pershing LLC
DTC: 0443
Account Name and Number: GENEVA Camp and Retreat Center T4T746313
Contact Lauren Bowman at CapTrust Financial Advisors with any questions, 616.392.5332.

Additionally, please contact the GENEVA Development Office so that your gift can be properly recorded and acknowledged — we’ll need the name of the stock and number of shares you are transferring. Contact Executive Director Kevin VanderKlok at 616.399.3150 x 105.

Other Assets: Through our partner The Barnabas Foundation, GENEVA is able to receive a variety of assets as charitable gifts, allowing you to gift the asset that provides the best tax advantage. Examples of non-liquid assets include: real estate, business interests, life insurance, commodities, and IRA/retirement assets, and tangible personal property. Since certain restrictions and requirements surround the giving of various types of assets, Barnabas Foundation staff help determine the best asset to gift in each situation. Please contact Kevin VanderKlok at 616.399.3150 x 105 to get the process started, or contact Barnabas directly.