As we pull together as a church family and faith community to close out 2016 with our gifts and fulfilled commitments to the many vital ministries and programs of our church, here are a couple of additional year-end giving options to consider:
- IRA Giving — In 2015 Congress made permanent the ability for eligible persons to donate directly from their IRA instead of having to take a required minimum distribution. This benefits you because you do not have to then claim the distributed funds as income; however, please be aware that you also will not be able to deduct the fund distribution amount on your tax return as a charitable contribution. It’s imperative that your investment advisor have the amount transferred directly to the church.
- Stock Giving — The financial markets have shown significant gains in 2016. If you have appreciated shares of common stock, you can transfer shares of stock from your account to the church’s brokerage account. This provides you with a dual benefit: you do not have to claim the capital gain on the appreciated shares, and you get to claim the total value of this stock on that date of the transfer as a charitable contribution.
Learn about all the ways you can give.
Contact: Larry Ammerman | firstname.lastname@example.org | 817-339-3884