The following are strategies for giving that can help you process ways in which you can make your Cultivate Commitment.
Giving from regular income, bonuses and commissions from your employer or from your personal business.
Income-Producing Asset Giving:
Giving from earnings on investments, dividends, interest on savings, or rental income from real estate.
Sale of Asset Giving:
Giving from the proceeds of the sale of assets, such as a house, car, land or business.
Giving by making lifestyle and priority adjustments, such as deferring major purchases to free up resources. You may consider scaling back on entertainment, meals out, or frequent trips for coffee.
Unique Skills/Special Sales Giving:
Giving from profits you may earn from marketable hobbies or skills.
Freedom From Debt Giving:
Giving from resources that may become available as debt obligations are fulfilled.
Donor Advised Fund Giving (DAF):
You can give all types of assets into a DAF (cash, stocks, real estate) and receive an income tax deduction at the time of donation. If you do not already have a DAF, you can set up a Giving Fund through National Christian Foundation and choose The Well Community Church as the recipient of these assets. Contact our Finance office for more information or visit ncfgiving.com.
Appreciated Asset Giving:
Giving appreciated assets to the church, such as stocks, bonds, a home, a vacation home, a rental property, commercial property, land, or business interests (ownership in a closely held business). Allowing the church to sell the asset potentially eliminates capital gains tax, which may provide significant savings for the giver and increase the after-tax proceeds for the gift. Contact our Finance office for more information on how to give appreciated assets.
Planned giving options vary. They may include such gifts to the church as part of an estate through bequests, life insurance beneficiary designations, and retirement plan beneficiary designations. For those taking Required Minimum Distributions (RMDs) from an eligible retirement plan, you might consider giving a gift to the church directly from the retirement plan through a Qualified Charitable Distribution, which offers potential tax savings. Other options may include the use of charitable gift annuities or charitable trusts. To ensure planned giving addresses the needs of your family and accommodates your charitable desires, contact our Finance office to explore the options and resources that are available to you.