For where your treasure is, there your heart will be also. – Matthew 6:21
How Much Should We Give?
Every tithe of the land, whether of the seed of the land or of the fruit of the trees, is the Lord’s; it is holy to the Lord. – Leviticus 27:30
The Bible suggests that we return to God is one-tenth of the abundance that comes to us. Called tithing, that gift of one-tenth is a tradition of long-standing in our faith.
Of course, we realize that some have been so richly blessed that they may choose to give more. Others, at various times in their lives, may find it necessary to give less. But our desire should be to come as close as we are able to that traditional gift to God. Because imagine what First Presbyterian could accomplish—the children we could nurture, the hungry we could feed, the connections to the Holy Spirit we could foster—if more of us made that commitment.
Viewed in that way, it is easy to see how our gifts would, indeed, be holy to the Lord.
Opening Doors Capital Campaign
All of our gifts are tax deductible, of course. But as the end of each year approaches, many of us make additional charitable donations as a way to provide meaningful support to the church. Ways to give at year-end include:
- Gifts of Cash: If you itemize, you can lower your income taxes by simply writing a check on or before December 31 each year. If your envelope is postmarked by December 31, your gift qualifies as a current-year deduction.
- Qualified IRA Distribution: People over age 70½ can give up to $100,000 each year directly from their IRA to a charity and avoid paying income taxes on the money.
- Real Estate: Gifts of real estate must be coordinated with the church ahead of time since there are specific requirements to be considered. For example, any gift over $5,000 requires the donor to obtain an independent appraisal for tax purposes.
- Gifts of Stock: If you own stock, it is often more beneficial to contribute stock than to contribute cash because of a twofold tax savings. First, you can avoid paying capital gains tax on the increase in stock value, and you receive an income tax deduction. If you plan to give stock as part of your contribution, please contact Jan Gaddis (704.927.0235).
For more information on any of these year-end gift options, please contact Finance Manager Jan Gaddis (704.927.0235).