Can I think about investing in what God is doing in the same way I think about investing in something I want to do?
The Haverkamps: Maximizing Real Estate for Generosity
Brent Haverkamp wanted to be as strategic in his real estate gift as he would in any other investment. The family planned to use their real estate assets to support specific ministry.
Read More of The Haverkamp's Story 泭漎儭
This is the investment strategy the Haverkamp family brought to their family generosity plans. When they learned of a financial need in one of their favorite cause categoriescollege ministrythey felt Gods call to fund the work.
Brent Haverkamp wanted to be as strategic in this gift as he would in any other investment.
The family planned to use their real estate assets to support the ministry. When Brent calculated the size of gift needed, he determined he would have to sell two of the familys rental properties to cover the cost of the project and the taxes associated with the sale.
Then he realized there was a more efficient way to meet the ministrys needs.
Instead of selling two properties to cover the tax burden, the Haverkamps could donate one propertybefore selling itto a donor advised fund at 窪蹋勛圖.泭Liquidating the property泭after it was gifted to泭喧堯梗泭fund led to泭硃泭reduction in capital gains taxes, leaving more funds available in the family DAF泭to泭grant泭to the ministry.
For anyone who has a highly appreciated asset, giving through an organization like 窪蹋勛圖 is just so tax efficient and can really multiply your giving, Brent said. We only had to give one [building] instead of two in order to satisfy the amount we wanted to give.
Donating a nonliquid asset can be a powerful way to expand your generosity beyond what you thought possible. Savvy stewardship can extend even to the ways you sell your assetsevery transaction is an opportunity to invest in Gods work around the world.
Dive Deeper: More Haverkamp Lessons:
The Haverkamps: Teaching Your Children to Steward Wealth
Brent wanted to make sure his children understood what stewarding wealth and being generous looked like. Learn how the Haverkamps practiced generosity as a family. Read More
Brent Haverkamp: A Cause Champions Short Story
When Brent heard about The Salt Network, and the mission of church planting in other college towns across the U.S., it felt like the perfect way to expand the Gospel to other young believers outside of Ames. Now, Brent uses his nonliquid assets to fuel the work of college ministry, and champions the work by visiting church plants all across the US to meet their needs.