End-of-Year Giving Opportunities
Turn Your Estimate Into Reality
Consider fully paying the Estimate of Giving you made for 2017. If you itemize deductions on your tax return, you'll receive a tax deduction for your gift.
Give Appreciated Securities
If you give shares of stocks, bonds or mutual funds to your church, you receive an income tax deduction for the full value of your gift. You also avoid the capital gains tax you would incur if you sold the securities yourself. The church sells that gift tax-free and receives its full value. You may also sell stock that has gone down in value, give the proceeds to your church and apply the realized loss on your 2017 tax return.
Give From Your IRA
In 2015, Congress made the IRA charitable rollover permanent. If you are 70.5 or older and must take a required minimum distribution from your traditional IRA, you may roll over up to $100,000 to our church. The charitable transfer isn’t considered income, so it’s tax-free, and it counts toward your minimum distribution. To qualify, your IRA trustee must send the funds directly to your church or charity.
Give from a Will Or Trust
A bequest from your will or trust is a way to leave a legacy to your church as a statement of lifelong Christian stewardship. Just add a one-page addendum or codicil to your document to make the bequest. And if you don’t already have a will or living trust, we strongly encourage you to have one written, and consider a bequest to your church when you do.
Give Now, Make a Difference Over Time
A donor advised fund lets you make a tax-deductible gift now and additional distributions over time. You make an initial gift to the Georgia United Methodist Foundation and then periodically advise how the fund should be distributed to your church or other charities. The fund will be invested so it can grow, and you may add to it at any time. It’s a convenient, low-cost alternative to a family foundation, and the fund can become permanent, with family members named as advisors upon your death.
Financial Administrator Paula Moore will be glad to help you plan your End-of-Year Gift.