As the end of 2015 approaches, I have been getting a number of questions about making year-end financial gifts to our church. To help you sort through your options, here are a few things to keep in mind to make sure your year-end gifts to FUMCFW are processed by December 31, 2015, to be applied to your 2015 tax year. Thank you for helping our church end its 2015 financial year on a strong note with your year-end gifts!
Making an outright gift to FUMCFW can maximize your charitable deduction and confer immediate benefits to the church. There are two options for making an outright gift. You can:
• Click here to make your gift online, or
• Mail your check (please allow plenty of time for mail processing)
*Online gifts are made through our secure giving site, ensuring that your credit card, along with all other information you submit, is processed in a safe environment.
Gifts of Appreciated Securities
A gift of appreciated publicly traded stock (securities) may allow you to make a larger gift than you thought possible. For example, if your securities have appreciated in value, you can avoid the capital gains tax that otherwise would apply to that appreciation if you sold the securities. You also may be eligible for an income tax deduction for the full fair market value of the securities. So with these tax savings, the “cost” of your gift to our church may be much less than the actual value of the gift you are making, and for most of us, this “bonus” makes this form of giving all the more appealing!
IRA Charitable Rollover
If you are an IRA owner age 70 1/2 or older, this giving strategy will allow you to exclude up to $100,000 a year from your income if the IRA funds are paid directly to our church. (Otherwise, you would have to pay tax on the IRA fund income before claiming the deduction.) Because legislation is still pending on this gift method (as of November 3, 2015), please contact me for updated information.
For stock or securities delivery instructions and transfer assistance — or answers to your questions about the IRA Charitable Rollover — please contact me (firstname.lastname@example.org) at 817/339-5098.
Roger Partridge, Director of Stewardship