Year-End Giving Suggestions
Well, it is December and 2015 is almost history. The end of the year is a good time for re-membering, taking stock, catching up, and giving. Consider these suggestions, one or more of which may work for you.
Give a “Second Mile” Gift. The end of the year is a splendid time to go the extra mile in recognizing the good work of favorite charities—and especially your church!
Give to Help People in the Aftermath of Severe Flooding. Thousands of people, especially in the south, are now homeless and it will take months to recover. The United Methodist Committee on Relief (UMCOR) has been there. 100% of your gift to the church, designated for “UMCOR—US Disaster Response” will go directly to help those in need.
Give a Memorial Gift. A gift in memory of a deceased friend or family member is a wonder-ful way to honor those whose memories continue to enrich your life.
Give Appreciated Property. Gifts of stock, bonds, mutual funds, and real estate may qualify for an attractive tax benefit. You may take full fair market value on the date of the gift. And you need not declare any capital gain. In effect this amounts to a double deduction.
Give Idle Assets. A year-end inventory of your property and belongings may discover under-utilized or “idle” assets such as life insurance policies, Savings Bonds, boats, RVs, and many items that tend to clutter up our lives. Some may be given directly to the church or charity; others may be sold first, with the cash contributed.
Give Through a Life Income Gift. Through a Charitable Gift Annuity, a Charitable Remain-der Trust, or a Pooled Income Fund gift, you can continue to receive income from invested funds at the same or even greater levels as you currently do. Upon your death, the remainder will go to the church and/or charities you have designated. Unlike a bequest, life income gifts offer significant tax advantages now.
Give as Tax-Wise Planning. Making extra gifts in the 2015 tax year may enable an itemized tax deduction or keep you in a lower tax bracket for the current year. Consult your tax advisor or accountant.
Give a Christmas Present to Your Church.
For many of us the church is “family.” As you consider your other Christmas giving, a satisfyingresponse to God’s gift to us might be a gift forGod’s work through the church in celebrationof Jesus’ birth.But don’t delay! To qualify for a 2015charitable tax deduction, your gift to FUMCGilford must be received by Sunday, December27 to be “posted” in 2015. And as you thinkabout a year-end gift to the church, considerthe Endowment Fund, which will continueGod’s work through FUMCG long into the future.
For more information, call the church office. --- Richard Evans, for the Endowment Committee