If you are low on cash but would still like to contribute an offering to the church, please use our Giving Kiosk on the way into the sanctuary. (I included a photo of the Kiosk) We are able to accept Visa, MasterCard and American Express. Once you make your offering, please pick up one of the little brown business cards indicating you donated Online to drop in the offering plate during the service.
Watch the instructional video if you would like to see how it works.
Gifts of Appreciated Securities
A gift of appreciated securities, such as stocks, bonds and mutual fund shares, is another common way to make a gift. If the appreciated security has been owned longer than one year, the charitable income tax deduction is the fair market value of the gift when donated. No capital gains tax is paid on the appreciation. Such gifts are deductible annually, up to 30% of AGI, with the same five-year carry-over provision as cash gifts. The security itself must be given, rather than selling it first and donating the cash proceeds, to obtain the fair market value deduction and to avoid the capital gains tax on the appreciation of the security. Since such transfers happen without the donor's name, please call and let the church office know when you make a donation of appreciated stock, for the church records and your own records.
Gifts of Real Estate
The same tax advantages that apply to giving appreciated securities also apply to real estate. The giving of acreage, a lot, a house, a commercial building or any type of real estate held longer than one year produces a charitable deduction for the fair market value of the property and also avoids the capital gains tax on the appreciation. If accepted, the church will take responsibility for selling the property.
Corporations are permitted to give away to qualified charitable organizations up to 10% of their pre-tax profits as a charitable deduction in any given fiscal year. This provision allows for significant tax savings for those in a position to consider such a gift.
The above is for information purposes only. Please consult a competent professional if legal or tax advice is required.
If you would like more information on Charitable Giving please consult the Internal Revenue Service publication 526 available at their web site…http://www.irs.gov/pub/irs-pdf/p526.pdf.
Wekiva Memorial Walk Way
Your opportunity to participate begins now! Forms will be available at all times in the church office and at special sign up tables after church services or click here to fill out your form online. The committee is hopeful that the entire congregation will support this exciting project by participating in this unique opportunity. The cost is $100.00 per brick.