YEAR-END GIVINGYour Year-End Gifts are Vital to the Ministry of Eastridge Church
YOUR DECEMBER & YEAR-END GIFTS ARE IMPORTANT TO FUEL THE MISSION OF OUR CHURCH.
Thank you for help at this important time!
In the last year we have seen God do some amazing things in the life of our church family. Our church is alive and meeting both inside our building and online with incredible quality ministry for all ages. Eastridge has a strong history of YEAR END GIVING. Your faith-filled gifts help us close the year strong and fuel the start of the new year. We believe God has breakthrough for His Church in 2022 and now is the time to pray and sow to the future. Thank you for loving God and the work of our church!
Some of you may be able to benefit from a tax law that now allows taxpayers to apply up to 100% of their AGI for calendar-year 2021 qualified contributions (cash contributions to charitable organizations). If you’ve felt God leading you to make a major gift to Eastridge, this may be the perfect timing for you. If you have questions, please call our accounting office (425-270-6300). (As always, consult your own tax accountant about your personal tax situation.) Thank you for your love, faith and generosity. We are praying for God to bless you and help you as we minister together! Click here to see our safe and secure online giving options.
HOW TO MAXIMIZE YOUR YEAR-END GIVING
GIFTS OF CASH
The most popular way to make a gift is with cash, check, or credit card. To take a deduction for the gift on your 2020 tax return, your gift must be postmarked or received by the church on or before December 31, 2021. You can also donate by going online here, or by using our Eastridge mobile app. You can give by text, too – just text “Eastridge” to 77977 and a link to give to Eastridge will be sent to your phone.
Many large and local corporations offer employee charitable giving match programs. Check with your company to see if they offer corporate matching, thus doubling your donation to the church. If interested, please contact our accounting office at email@example.com for further instructions.
GIFTS OF NON-CASH ASSETS
You can also donate certain assets of value to the church, which can be a tax benefit to the donor, including:
Stocks/bonds/mutual funds: You can donate to the church instead of selling it. Have your investment broker contact our accounting office at firstname.lastname@example.org for instructions to transfer the securities to our account.
Real Estate: This is especially beneficial if the property is worth less now then when you purchased it. You can donate the proceeds from the sale to the church and take a capital loss on your tax return.
Income Producing Business or Real Estate: You can donate income from these assets, and thus reduce your taxable income. We partner with National Christian Foundation (NCF), a reputable firm that manages these types of gifts. NCF would work with you to evaluate your opportunities.
Giving limits have been lifted by the IRS
The law now allows taxpayers to apply up to 100% of their AGI, for calendar-year 2021 qualified contributions. Qualified contributions are cash contributions to qualifying charitable organizations.
Important Note: Please consult your tax adviser before making any major decisions that may have an impact on your tax liability. Also, donating these types of gifts generally take longer to arrange, so notify your investment advisor right away to make sure your gift can qualify as a 2021 transaction for tax purposes.
The purpose of this publication is only to make you aware of the possibilities that may exist for you to make a donation to Eastridge Church. This is not to be taken as advice for financial or tax purposes.