Giving
Impact of Giving
We don’t give because God or CCoF need our money. We believe that how we view God will determine what we think about money. Through Scripture and lived experience, we believe that God is a loving owner of everything. As such, we trust His plan for our money and believe that giving is part of God’s best for each of us. Giving shows that we trust that God is for us, not against us.
Other Ways to Give
If you have an Individual Retirement Account, you have a very flexible asset for your stewardship and generosity. Once you reach 70.5 years of age, you can make Qualified Charitable Distributions (QCD) – a direct distribution from your IRA to a qualified charity – to fund your charitable desires without paying income tax on the distributions. After you begin taking required minimum distributions, a QCD can even qualify to meet them. And finally, you can name a charity as beneficiary continuing your stewardship when you no longer need the IRA.
Your dollars can go further and make a bigger impact when you donate long-term appreciated securities including stock, bonds and mutual funds. Compared with donating cash or selling your appreciated securities and contributing the after-tax proceeds, you may be able to automatically increase your gift and your tax deduction. When you donate stock to CCoF you generally take a tax deduction for the full market value. Click the Donate Stock button and complete the form to let us know you’re interested.
Cryptocurrency
We are also able to accept donations of most types of cryptocurrency for those who desire to use this method.
We are working with a full-service provider that will furnish the appraisal (if required) and help with the IRS form 8283 that is required to deduct some gifts of cryptocurrency to nonprofit organizations.
Donor Advised Funds
A donor-advised fund (DAF) is a simple, flexible, and tax-advantageous way to manage your charitable donations. You can fund a DAF with nearly any asset of value. Your DAF provides you with a charitable deduction in the year of your contribution, then you can recommend grants to your favorite ministries as you desire.
Real Estate & Business Assets
If you own real estate – commercial, investment, farming, or vacation – that you plan to sell, you may be able to leverage it into many benefits, including donations to your favorite ministries. Often, those selling appreciated real estate will face capital gains taxes. Using charitable strategies can provide you with excellent benefits.
Similar charitable tax benefits are available for those selling a business or other appreciated securities. With proper planning, sales of such assets can provide benefits for you, your family, and your favorite ministries.
Will & Trust Advisement
Did you know you can continue helping others follow Jesus – even after you’ve gone to be with him? Through a charitable bequest or trust distribution to Christ’s Church of Flagstaff, you can continue your legacy of ministry and stewardship.
