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  • Why Least-reached

    Why Least-reached

    "Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you. And surely I am with you always, to the very end of the age."
    - Jesus' words in Matthew 28:19-20

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  • Why Least-reached

    Back

    Why Least-reached

    "Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you. And surely I am with you always, to the very end of the age."
    - Jesus' words in Matthew 28:19-20

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    Get Involved

    With your help we are able to train leaders living near least-reached communities to multiply disciples.

Tap Into Iceberg-sized Generosity

Date: 10/10/22

Category: Engagement General

Tags: assets benefit capacity generosity retirement

In the early 1800s, British citizens were obsessed with Arctic exploration. Some historians even refer to the time as “polar mania.” To satisfy intrigue, polar explorers frequently published their journals and Victorians bought them up. They also sang polar-themed songs, threw Arctic-themed parties, and attended theatrical re-creations of polar expeditions in gardens and parks. 

Our scientific understanding of the world’s Arctic regions is much greater today, but no less fascinating. Perhaps one of the most surprising discoveries is that even though icebergs appear massive to our eyes—what what we see above the waterline is just the “tip of the iceberg.” About 90% of its mass lies below the surface. 

Coincidentally, this is a perfect metaphor for giving retirement assets like Charitable Gift Annuity, IRA, or qualified retirement plan such as a 401(k) or 403(b). 

While many donors feel their capacity for generosity matches the number in their bank account, experts have found that 90% of a person’s wealth is typically held in noncash assets. This data suggests you could be sitting on resources you may not even use or need—that could benefit a nonprofit like Global Disciples. What’s visible in your bank statement is just the tip of your potential for generosity. 

Here are three more reasons why retirement assets could help you explore a whole new world of giving. Non-cash gifts: 

  • Decrease your tax burden. When you name a charity as the next owner of your assets, they can pass directly to the organization from your estate, minimizing the tax responsibility on your heirs. 
  • Meet requirements. Qualified Charitable Distributions can help satisfy IRA required minimum distributions in the same year. 
  • Increase your impact. A CGA provides you guaranteed income in retirement while benefiting a favorite charity upon your death. 

2 Corinthians 4:18 says, “So we fix our eyes not on what is seen, but on what is unseen, since what is seen is temporary, but what is unseen is eternal.” Like the hidden mass of ice below the water’s edge, your gift of retirement assets could tap into something deeper and more expansivean eternal impact for the individuals we serve. 

Click here for more on legacy giving with Global Disciples.

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