Mission
We exist to evangelize, educate and equip members of the trucking community and their families to help them grow in their faith.
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How to be a Faith Partner
At TFC Global we firmly believe that the people that support our ministry are partners in our work with the trucking community. That’s why you won’t see the word “donor”, you will see “faith partner.” Whether you give to us financially or pray for us faithfully, you are important to us. Join our team as a faith partner to reach the professional drivers with the good news of Jesus Christ.
To donate by check, please send your gift to our international office using the following information.
Payable to: TFC Global
Mail to: 1525 River Rd, Marietta PA 17547
Legacy of Faith
Legacy of Faith is a program of giving that is working to provide for the future of financial support for our professional drivers, their families and the trucking community. Your financial partnership, over and above your regular gift, will help TFC Global to better reach future generations of drivers with the message of Jesus Christ.
Alternatives for Giving
Your after-life contribution can be put to use pretax through the following channels:
- Savings, stocks, mutual funds & other securities
- Unneeded life insurance
- Life insurance beneficiary
- IRA beneficiary
- Use your Required Minimum Distribution for charitable giving
- Ask heirs to give a gift in your memory
- Will or trust from estate holdings
- Equipment or property
TFC Global is 501(c)(3) Non-Profit Corporation. We exist to evangelize, educate and equip members of the trucking community and their families to help them grow in their faith.
Non-Cash Gifts Information
Cash gifts are commonly seen as the only way to financially assist TFC Global to provide support for the trucking community. During a time when many stocks are experiencing high returns, stock giving may be an effective addition to or alternative to cash giving.
If you own any appreciating property, like stocks, mutual funds, bonds, or real estate, there are three major advantages to asset versus giving cash:
Increase in Cash Flow
Cash flow often presents a challenge for many individuals. Even an individual with substantial net work may have difficulty meeting current financial obligations. Highly appreciated property may not produce substantial cash flow. Many times, stocks and bonds produce cash flow, in the form of dividends, of only one to two perfect of their net worth. A gift of these types of properties may result in an immediate tax deduction, which in creases cash flow. A tax deduction can offset long-term cash flow loss for a number of years.
Example: Tom Smith owns stock valued at $100,000. This stock is currently paying dividends of $2,000. Tom gifts the stock to TFC Global through a brokerage account. In his 46.6% combined federal and state income tax bracket, he will reduce his income taxes payable this year y $46,000, or a current cash flow increase of $44,600. Obviously, his cash flow will be reduced in future years by the $2,000 in dividends, but it will be many years before the future cash flow would equal the current benefit of the tax savings.
Ability to Make a Potentially Larger Gift
For many of us, the desire to give exceeds the amount of cash we have available to give. If you have access to investments that can be transferred to fund a gift, without taking from cash flow used to meet your budgetary needs, your giving is not limited to cash available.
Avoidance of Capital Gains Tax
If you sell appreciated property and make a gift of the proceeds, you will be taxed on the appreciation. This is called capital gains tax. But that tax is avoidable when you give appreciated property directly to TFC Global. Note that your charitable deduction will be for the full fair market value of the property at the time of the transfer.
Example: Mike Jones purchased real estate in 1978 for $20,000, and today it is valued at $100,000. If he sold the real estate, he would be taxed on the $80,000 gain. In an assumed 27% combined federal and state capital gains tax bracket, he would pay a tax of $21,600, leaving only $78,400 to give.
Assuming Mr. Johnson made a gift of the remainder, he would realize an income tax savings of approximately $36,500, assuming he is in a 46.6% combined federal and state income tax bracket.
Let’s assume, however, that in stead of selling the real estate, he gave it to LEAD International Foundation and the ministry sold the property. Mr. Jones would receive an income tax charitable deduction for the full value of the asset, of $100,000, thus saving approximately $46,600 in taxes. In addition, he would avoid the $21,600 tax on the capital gains.
There is considerable difference. Generally, the greater the appreciation of the property, the greater your benefit of giving the property rather than selling it and giving cash.
For more information and on non-cash giving, Contact TFC Global at 717.426.9977 or email us at info@TFC Global.org.