As the year draws to a close, many of us reflect on the blessings we’ve received and seek ways to give back to the causes and communities we cherish. Your church has been a source of spiritual nourishment, community support, and transformative ministry throughout the year. Now is the perfect time to consider how you can give back through end-of-year giving.
Maximize Your Impact: Consider Tax-Advantaged Giving
If you are 70½ years or older, one tax-advantaged way to support your church is by using a Qualified Charitable Distribution (QCD) from your Individual Retirement Account (IRA). This allows you to transfer funds directly from your IRA to your church, fulfilling your required minimum distribution (RMD) while avoiding taxes on the distribution. It’s a win-win way to support the church and reduce your taxable income!
Another effective way to give is through donating appreciated stock. By gifting stock, you can avoid capital gains tax, allowing you to make a more substantial donation while receiving a tax deduction for the full market value of the stock. This type of giving can be particularly advantageous for those looking to support capital campaigns, special projects, or ongoing ministries.
Every Gift Makes a Difference
Whether through a QCD, a stock donation, or a traditional monetary gift, your contribution can help ensure that your church remains a beacon of faith, hope, and love in the community. Every gift, no matter the size, has the power to strengthen the church’s mission and ministry.
As you plan your year-end financial decisions, we encourage you to prayerfully consider supporting your church. Your generosity can create lasting change and inspire others to join in this work of faithful stewardship.
How to Give
To learn more about making a Qualified Charitable Distribution from your IRA, gifting stock, or exploring other ways to support your church, please contact the Florida United Methodist Foundation. We’re here to assist you in fulfilling your philanthropic goals while maximizing the benefits for both you and your church. Thank you for your continued support and for being part of a community committed to making a difference.