Is Cash Really King?

Christian Medical & Dental Associations®

October 3, 2022
STEWARDSHIP 1032022

4 Powerful Benefits of Non-Cash Gifts

 

You’ve probably heard the saying: “Cash is king!”

 

But is it, really?

 

When it comes to supporting CMDA, there are more cost-effective ways to give than from your wallet or checkbook.

 

Giving non-cash assets (such as stock, real estate, business interests, commodities or machinery) can benefit you in a number of ways.

 

  1. Reduce your taxes. Receive a deduction for the fair market value at the time of your gift and avoid the tax liability on the sale of appreciated assets.

 

  1. Eliminate hassles. Give assets you no longer need or care to manage for the benefit of CMDA.

 

  1. Increase your giving capacity. Give from your excess resources without restricting cash flow.

 

  1. Eliminate burdens for your heirs. Reduce potential taxes or complications for your loved ones by giving complex assets to ministry rather than leaving them in your estate.

 

So, is cash really king? Not when it comes to giving!

 

By considering all your available options, you can achieve tremendous Kingdom impact and reduce your taxes.

 

Ready to learn more about how you can support CMDA in smart and powerful ways? Contact Paul Montgomery by calling 423-844-1011 or emailing Paul Montgomery.

Christian Medical & Dental Associations®

About Christian Medical & Dental Associations®

The Christian Medical & Dental Associations® (CMDA) is made up of the Christian Medical Association (CMA) and the Christian Dental Association (CDA). CMDA provides resources, networking opportunities, education and a public voice for Christian healthcare professionals and students. Founded in 1931, CMDA provides programs and services supporting its mission to "change hearts in healthcare" with a current membership of over 13,000 healthcare professionals. CMDA promotes positions and addresses policies on healthcare issues; conducts overseas medical education and evangelism projects; coordinates a network of Christian healthcare professionals for fellowship and professional growth; sponsors student ministries in medical dental, PA, and other healthcare training schools; distributes educational and inspirational resources; hosts marriage and family conferences; provides developing world missionary healthcare professionals with continuing education resources; and conducts academic exchange programs overseas. By being the "hands of Jesus" to needy people, CMDA seeks to fulfill His Great Commandment (Matthew 22:39; 25:36) and His Great Commission (Matthew 28:19). The Christian Medical & Dental Associations® is a 501(c)3 and is governed by a Board of Trustees and House of Delegates. Policies of CMDA are interpreted and applied by the Board of Trustees, which also establishes the guidelines for the executive director and his staff. An elected House of Delegates assists the board with recommendations on courses of action. The House of Delegates is composed of graduate, student, resident and missionary members who are elected for three-year terms by district and meets annually at the CMDA National Convention. Approximately 75 employees currently make up the staff of CMDA in the national office and U.S. field offices.

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