Ways to Give to New Covenant Church
One of the most common ways is by
check. Contribution envelopes are available in the pews. They can be dropped in
the offering plate or mailed to the church office. Contributions by check are
automatically credited to your giving record, and a statement is sent to you in
January, listing each of the contributions made in the prior calendar year.
Sometimes cash is given, and if it
is enclosed in a contribution envelope with your name on it, it will also be
credited to your giving record.
More and more individuals are
choosing the electronic method of making contributions online, just like they
are paying more of their bills online. With the security of your information of
highest importance, you can rely upon our online giving site to set up a
one-time, or recurring gift of whatever amount you choose, and however often
you choose. You are in complete control of the amount and timing of your
donations. If you give with an electronic check, the church receives 99% of
your donation. If you give through credit card, the church receives about 97%
of your donation with the remainder paid as bank fees.
Giving through the automated
clearing house means setting up a recurring gift at your bank. Your bank
transfers a pre-arranged set amount of money at a pre-arranged time each month
and sends it electronically or by paper check to New Covenant Church. The
church receives 99% of your donation.
Mutual Funds or Other Securities
There are a number of reasons to
donate securities (stocks or mutual funds) which have grown in value since the time
you acquired them. You may donate them directly to New Covenant Church by
transferring them from your broker to the church’s
broker, which may give you a tax advantage because New Covenant Church is a
501(c)(3) non-profit organization. There may also be small numbers of shares
you own that you would rather move out of your portfolio, but would prefer not
to handle all of the paperwork involved. New Covenant Church is pleased to be
able to expedite those transactions for you. Please contact Brad Dennison,
Building & Finance Committee Chair for specific instructions.
You can include New Covenant Church
as a partial or full beneficiary of life insurance that you own.
Retirement Account (IRA)
According to the tax law, distributions
from an IRA to New Covenant Church are tax free. This is limited to IRAs for
people 70 ½ years old and above, and is only for Traditional IRAs. Inherited
IRAs, SEP IRAs, 401Ks, and 403Bs are not eligible. Since IRA distributions are
taxed as ordinary income, and IRA owners are required to take distributions
after turning 70 ½, this can save a considerable amount of tax. Each tax
situation is different and NCC is not in the tax advice business, but it is
something to consider.
Many people work with an estate
attorney to write a Will and/or a Revocable Trust, citing what part of their
estate they wish to be given at their death. New Covenant Church would count it
a privilege for you to remember us as one of the beneficiaries of your estate.
Monies given to New Covenant Church as a non-profit may save estate and
inheritance taxes on the amount designated.
You may request that gifts from
others in memory of you at your death be made to New Covenant Church. Likewise,
you may give to New Covenant Church gifts in honor of a loved one who has
passed away, whether they attended the church or not. It is just one more way
of making your gifts count toward Kingdom Work.
* This is general information.
Please consult with your accountant or tax advisor for details for your