You will be enriched in every way so that you can be generous on every occasion, and through us your generosity will result in thanksgiving to God. This service that you perform is not only supplying the needs of the Lord’s people but is also overflowing in many expressions of thanks to God.
2 Corinthians 9:11-12
Ways to Give to First Presbyterian Church
Make a one time gift or setup recurring gifts using a credit or debit card or your bank account.
The church pays all associated processing fees.
Make recurring gifts through church initiated bank draft.
Set up recurring gifts or make a one-time gift through your bank’s bill pay service.
You can choose what day of the month to make a recurring gift.
Make checks out to First Presbyterian Church.
Envelopes are available at Welcome Desks and pew racks for mail-in or worship offering.
Personalized offering envelopes can be ordered through the Church Office.
Use memo line to direct your gift.
STOCKS OR OTHER SECURITIES
IN CONJUNCTION WITH AN IRA WITHDRAWAL STRATEGY
When planning your IRA withdrawal strategy, you may want to consider making a charitable gift through a Qualified Charitable distribution (QCD).
If you are required to take minimum distributions (RMDs) from your IRA, the QCD can be counted in satisfying this requirement.
See your tax advisor on the requirements and advisability of such an approach, as well as the process to make a QCD contribution to the church.
LEGACY OF FAITH
Make a planned gift through your will or other means.
2020 Online Pledge Form
Pledge to support the ministries of First Presbyterian Church in 2020
Important Giving Considerations in COVID-19 Times
HOW THE CARES ACT MAY AFFECT YOUR GIVING PLANS
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress earlier this year in response to the coronavirus’ impact on charities’ fundraising during a time when there is a tremendous need for their services. Some provisions of the Act provide gift planning opportunities for some people. Here are two provisions that may apply to you.
Charitable Deduction Limits for Individuals Suspended
The CARES Act allows you to deduct charitable gifts to the extent of your entire adjusted gross income. Normally you can only deduct charitable giving to the extent of 60% of your adjusted gross income.
The suspension of the deduction limit does not apply to gifts to donor-advised funds and supporting organizations – in most cases they must be to recognized charities.
If you have made a multi-year pledge to an organization, it may be advantageous to accelerate the payment of the pledge balance into 2020, if you can afford to do so. You get the deduction sooner and the organization gets the donation sooner.
Required Minimum Distributions (RMDs) Waived
IRA owners and certain participants in qualified retirement plans have been required to take distributions starting at a certain age. The mandatory beginning age was 70 ½, and the SECURE Act, enacted in December 2019, changed the age to 72. But for the year 2020, because of the coronavirus, there will be no mandatory distributions, no matter the age of the account owner.
The minimum age for making a tax-free transfer from an IRA to a charity remains at 70 ½, and the annual limit for such transfers is still $100,000.
Qualified Charitable Deductions (QCDs) from an IRA are a popular method of making gifts, because they count against the RMD. But with the RMDs being waived for 2020, they might not be as attractive.
Please consult with a tax advisor in pursuing these or other tax-advantaged approaches to giving, whether it is to First Presbyterian Church or another recipient. Thank you for your faithful support.
EMPLOYER GIFT MATCH PROGRAMS
Some companies have programs where they will match an employee’s charitable gifts. Because of the increased need and a desire to have an impact in the community, some companies have increased the amount of their match. Check to see if your employer will match your giving to the church or another non-profit in order to increase your gift impact.