Giving is an act of worship and obedience that reflects a grateful heart. At Point Pleasant, we have much to be grateful for. Your support makes our vision of Building Community, Worshipping God, Deepening Faith, and Serving Others a reality! Everything we have is God’s anyway.
Your financial gifts support the many ministries that fulfill our mission as well as operating expenses for worship, children, youth, and adult programs, facilities maintenance, insurance and utilities, and employee salaries.
We are blessed by the generous gifts of all sizes given to Point Pleasant UMC.
Ways to Give
Cash Donations
One of the simplest ways to support the Church is through cash donations. Click on the link above to give today. These contributions are generally tax-deductible, subject to certain limitations based on your income. It is crucial to obtain proper documentation, such as receipts or acknowledgment letters, to substantiate your donations for tax purposes. Your quarterly giving statement provides such proof.
Appreciated Securities
Donating appreciated securities, such as stocks or mutual funds, can be a tax-efficient strategy. By transferring these assets directly to the Church, you may avoid capital gains taxes on the appreciation while still claiming a charitable deduction for the fair market value of the securities at the time of donation. It is advisable to consult with a financial advisor or tax professional to understand the specific rules and benefits associated with donating appreciated securities.
Qualified Charitable Distributions (QCDs)
For individuals aged 70½ or older who have individual retirement accounts (IRAs), Qualified Charitable Distributions can be a tax-efficient way to support the Church. QCDs allow you to directly transfer funds from your IRA to a qualified charity, satisfying your required minimum distribution (RMD) obligations while excluding the distributed amount from your taxable income. This strategy can be particularly advantageous for individuals who do not need the full amount of their RMD for personal expenses.
Charitable Remainder Trusts (CRTs)
Charitable Remainder Trusts are irrevocable trusts that provide income to designated beneficiaries for a specified period, with the remaining assets eventually passing to a charitable organization. By establishing a CRT, you may receive an immediate charitable deduction for the present value of the projected future donation, potentially reducing your current tax liability. CRTs can be complex, so it is crucial to consult with an attorney or financial advisor experienced in trust planning.
A Final Thought
When considering tax-efficient giving to the Church, it is essential to explore the various options available and assess their suitability based on your financial circumstances and philanthropic goals. This is an overview of some common strategies, including cash donations, appreciated securities, qualified charitable distributions, and charitable remainder trusts. However, it is crucial to consult with a qualified tax professional or financial advisor to ensure compliance with applicable tax laws and to receive personalized guidance tailored to your specific situation.
For any and questions please contact our office at (916) 684-2033.
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