Giving Feature

Demystifying Tax Exemption

Demystifying Tax Exemption

Exemption Types and Definitions In church leadership and boards, we often hear the phrases “tax exempt” applied to the church. What it means practically can often be confusing. Are we talking about charitable contributions, sales tax exemption, property taxes?...
Generosity that isn’t too taxing

Generosity that isn’t too taxing

You sacrifice to give, but why sacrifice more of your giving to taxes than needed? Here are five great ways to ensure your generosity isn’t too taxing (in terms of taxes): 1) If you are over 70½ years old, you can maximize an IRA Charitable Rollover. Now a...
IRS Charitable Contribution Resources

IRS Charitable Contribution Resources

Publication 526 – Charitable Contributions Publication 561 – Determining the Value of Donated Property Publication 1771 – Charitable Contributions – Substantiation and Disclosure Requirements IRS Webinar – Fundraising Guidelines for Charities Publication 4302 – A...
Stock Gifting

Stock Gifting

Gifting stock from a mutual fund or other stock account is a great way to bless your church. In fact, gifts of marketable securities (stocks) may provide greater tax benefits to a donor than a gift of cash. It can be expensive and time consuming to obtain a stock...
IRA Charitable Rollover

IRA Charitable Rollover

The IRS has extended the IRA charitable rollover which applies to distributions through the 2013 tax year. If an individual has reached age 70 ½ at the time of the distribution, they are eligible for some significant tax benefits. At age 70 ½ you are required to take...
Gifts of Grain

Gifts of Grain

Did you know that farmers can donate grain directly to a charitable organization? There are significant tax benefits for a farmer to donate grain directly to a district or church rather than selling the grain himself and then donating the cash. The donation of grain...