Disaster Response
Child Development
Clean Water
Hunger Relief
Medical Care
When the time comes to sell your business, consider choosing Operation Blessing and Orphan’s Promise as part of the plan to make a meaningful gift that works to transform the lives of children, families, and entire communities for the glory of God.
Benefits
- Maximize income tax deduction
- Reduce or eliminate capital gains tax
- Remove assets from your estate
- Leverage a single gift to achieve a range of charitable goals
How Does it Work?
If your business donates appreciated non-inventory property to a qualified charity, the business may receive a charitable income tax deduction equal to the property’s fair market value, subject to IRS deduction limits and reduction rules.
For C corporations, charitable deductions are generally limited to 10% of taxable income, with excess deductions typically carried forward for up to five years.
If the business is taxed as an S corporation, the charitable deduction generally passes through to shareholders in proportion to ownership interests. Because deduction treatment varies depending on the type of asset, entity structure, basis, and holding period, professional tax advice is recommended before donating corporate assets.
Discover how gifting business interest can provide generous support for ministry and reduce potential tax burdens.
Download your free brochure here.
Address: Operation Blessing International Relief and Development Corporation
Planned Giving – CSB 112
977 Centerville Turnpike
Virginia Beach, VA 23463
Legal Name: Operation Blessing International Relief and Development Corporation
Tax ID: 54-138657
Disclaimer: Information contained herein was accurate at the time of posting. This site is informational and educational only. Every individual’s situation is unique. The information on this website does not provide and is not intended to provide estate planning, legal, or tax advice. For such advice, please consult your personal attorney, CPA, or other qualified professional advisor. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.