Giving Appreciated Stock
By giving appreciated stock directly to ministry, you receive a charitable deduction for the fair market value and also avoid capital gains tax. Click here to access the Security Gift Form
Giving From Your IRA
Seniors who are 70 ½ years of age and older can give up to $100,000 a year directly to ministry. This can provide a tax benefit by reducing your adjusted gross income.
Giving Appreciated Real Estate
By giving appreciated real estate directly to ministry, you get a charitable deduction, avoid capital gains tax, and can even receive an income stream for life. It’s also possible to give just a portion of the property.
Donor Advised Funds (DAFs)
DAFs provide an immediate charitable deduction and a great way for you to give over time during your lifetime or after death. DAFs are a simple and inexpensive alternative to a family foundation.
Giving When Selling a Business
There are many giving options available when selling a business that can significantly reduce taxes and allow you to give back to the Lord.
Charitable Gift Annuities (CGAs)
CGAs can be a perfect solution for seniors wanting to create a fixed income stream for life. You can receive an attractive rate based on your age at the time you make the gift, and when you go to Heaven, the remainder goes to your favorite ministries.
Charitable Remainder Trusts (CRT)
A CRT can be a great tool for those who want to make a large gift of appreciated assets (typically in excess of $250,000). Appreciated real estate and stock are common assets used to fund a CRT. The asset is placed into the CRT and sold in the tax-free environment of the trust. The giver then receives an income for a term of years or lifetime. The payout percentage is determined by the giver and the percentage then determines the amount of charitable tax deduction. At the end of the trust term, the remaining balance goes to support the ministry.
Charitable Remainder Trusts can also be created through a will or living trust and designed to pay income to friends or family for a term of years of lifetime.
Giving When You Pass On
It’s simple to name your favorite ministries as beneficiaries of your financial accounts, as well as your will or trust, when you pass on. Naming a ministry as the beneficiary of your tax-deferred retirement accounts is often the best way to make a bequest because the ministry can receive the funds in a tax-free environment.
Giving Life Insurance
Life insurance policies can be gifted during life, and you will receive a charitable deduction for the fair market value of the policy.
Will & Trust Planning Ministry
This ministry helps you design your will or trust from a biblical worldview considering that God is the owner of all and we are His stewards (Psalm 24:1). Writing your will should be a scriptural and prayerful process before it becomes a legal process. This ministry is a gift to you as our valued partner with no cost or obligation; however, you will need to obtain an attorney to prepare your legal documents.
Cryptocurrency
Cryptocurrency gifts require special care in order to qualify for a charitable deduction. Click here to view the steps and application.
NEED HELP? HAVE QUESTIONS?
First Alliance Church Winston-Salem
1601 Pope Road
Winston-Salem, NC 27103
336-705-1602
Click here to visit the First Alliance Church Winston Salem website