As of October 31^st, we find ourselves over $ 26,000 behind in our giving.  We ask that you please take a look at your giving for the year.

John Wesley recommended a simple formula for stewarding the gifts that God entrusts to us: “Earn all you can … Save all you can … Give all you can.”  As faithful stewards, many of us find that we’ve earned and saved all we can and our stocks, mutual funds, corporate bonds, and other marketable securities reflect this fact.  Yet, in “giving all you can,” perhaps you have never considered that these securities can be a great blessing to our church and other ministries. 

When you donate an appreciated gift, you can look forward to:

Receiving the fully appreciated value of the securities as a charitable tax deduction (some limitations apply).

Incurring no capital gains tax on appreciated securities you’ve held for more than a year.  (In general, this does not apply to mutual funds.)

If you have any questions, feel free to contact me.

Respectfully submitted,

Lynn Howard, Finance Chair

Did you know that there are many different ways to give financially to our Church?  Of course we can give our cash and checks in the offering plate on Sunday but we can also give stock through the Church’s brokerage account. Giving appreciated assets enables you to avoid paying capital gains taxes while simultaneously getting a tax deduction. This tax move is most beneficial if you donate stock you've owned for more than a year and its value has increased substantially. If you sell the appreciated stock, you'll have to pay taxes at the 15-percent long-term capital gains rate on your profit. Even if you give the cash you make from the sale of the stock to the Church, you'll still have to pay the taxes. But if you give the stock directly to the Church, you can claim a deduction for the full value of the stock at the time you donated it and escape the capital gains bill.