IRAs are "toxic" assets in the sense that they are taxable as ordinary income to one's heirs for federal and state income tax purposes. If other assets are available, give the IRA to charity and the other assets, which typically are not taxable, to beneficiaries.

Dr. Russell James' third book in The Biblical Fundraiser Series, A Christian's Guide to Joyful Wealth Management, uses 1 Timothy 6:6-10 and 6:17-19 as a guide to wealth enjoyment. Dr. James argues that being wealthy right now comes at an opportune moment: you cannot take it with you, and you can do something worthy with it now. He takes joy in being a person who lives life as a ready-willing, joyful-abounding, and abundantly-rich sharer, and tailors the book to how you can be a sharer as well.

On July 22, 2026, Chairman Jason Smith of the House Committee on Ways & Means provided an important opening statement to (1) increase transparency in the tax-exempt sector, (2) hold bad actors accountable, (3) prevent political influence, and (4) protect religious freedom.

A CRT can defer taxes on the sale of farm land while providing a charitable income tax deduction and, most importantly, a gift to charity.