Creative Ways to Give
Donate Stocks, Bonds & Mutual Funds – Save Taxes, Give More
If you are currently donating to Community Christian Church, but also have appreciated stocks or mutual funds in a taxable investment portfolio, you likely have a significant opportunity to pay less tax, give more, improve your personal cash flow, and simplify your giving.
Stocks, bonds, and mutual funds are great ways to give without incurring capital gains on appreciated assets. Gifting appreciated assets results in a double tax benefit: 1) If you’ve held the asset longer than one year (long-term capital gain property), you avoid paying capital gains tax on the appreciated asset; 2) The gifted amount is an eligible tax deduction and will be listed on your annual church giving statement.
For example, if you purchased stock for $1,000 several years ago and its value is now $10,000, rather than selling the stock and paying tax on the $9,000 gain, you could donate the stock directly to the church. You avoid capital gains taxes on the $9,000, receive a $10,000 charitable giving tax deduction, as well as provide the church with the full $10,000 value of the stock.
Follow these easy steps:
Download & fill out this Transfer Form, submit the form to your brokerage firm who will transfer the funds from your account to the church account via the National Christian Foundation (NCF). There is no requirement for you to create an account with NCF.
Support Community When You Shop on Amazon
When you shop at smile.amazon.com, you’ll find the exact same products, same prices, same experience as amazon.com, with the added bonus that Amazon will donate .5% of the purchase price to Community Christian Church!
To select Community as your charitable organization, type the following into your browser: https://smile.amazon.com/ch/59-1629256 or go to smile.amazon.com > Your Account > Select Your Charity > search for “Community Christian Church, Tamarac”.
Be sure to bookmark smile.amazon.com. If you see the church name listed in the upper left corner under the Amazon Smile logo, you can be confident Amazon will donate .5% of your purchase price to God’s work at Community!
For more information: “Amazon Smile Q & A”
Matching Gift Programs
Many employers have gift matching programs that encourage employees to donate to non-profit organizations. For every dollar an employee donates to a charity, the employer may match or even double or triple the donation! Matching Gift Programs are a wonderful way for employees to make their charitable dollars stretch further at no cost to themselves. Simply ask your employer’s human resources office or benefits administrator for a matching gift form and instructions.
Many aren’t aware that the same process that allows employers to make automatic payroll deductions for charitable contributions like the United Way, can also be used to give directly to the church. By requesting a Payroll Deduction Form and submitting it to your company’s Human Resources Department, you can make contributions to the church automatically.
Leave A Gift In Your Will
Under current tax laws, unnecessary estate taxes are often paid by the estates of those who have died. By leaving a portion of your assets to the church in your will, you not only avoid losing a large part of your estate to death taxes, but you continue making a difference in the lives of people long after you have departed.
For questions regarding any of these creative ways to give, please contact our Accounting Manager, Lori Prats at email@example.com or (954) 724-7400 x233.