Thank You for Your Generosity. It is Making a Difference!
“Each one must give as he has decided in his heart, not reluctantly or under compulsion, for God loves a cheerful giver.” (2 Corinthians 9:7).
Grace Church is a member congregation of the Presbyterian Church in America, a 501(c)(3) organization. So too is Trinity Presbyterian, our church plant.
Due to the Covid-19 pandemic, some may prefer to give on-line.
On-Line Giving to Grace and Trinity:
You have three on-line giving options here to choose from:
- Grace General Fund.
- Trinity Church Plant. [Trinity has also established online giving through the PCA Foundation.]
- Coronavirus Assistance Fund*
*Grace’s Coronavirus Assistance Fund was established to aid members adversely affected by layoffs or other job displacements resulting from the pandemic. Moneys not needed for this purpose will be used to assist missionaries adversely affected or for the Grace General Fund.
Our missions webpages provide information of how to donate directly to the our “core” and “visiting” missionaries.
Under existing federal tax law, there are several tax efficient ways of giving.
Gifts of appreciated property. Gifts to a 501(c)(3) charity of appreciated property— like publicly traded stocks or mutual funds that have risen in value – allow the donor to deduct the full amount of the donation without having to pay taxes on the capital gains. See https://www.irs.gov/publications/p526#en_US_2019_publink1000229754 (“The PCA Foundation can assist you in this. Visit: https://pcafoundation.com/.
Gifts from Traditional IRAs. If you are 70 ½ or older, you can give directly from a Traditional IRA to a 501(c)(3) charity without having to declare that amount as taxable income. Such Qualified Charitable Checks for QCDs from IRAs should not be paid to you but should be paid directly to the charity (but not to a donor-advised fund). Visit https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-distributions-withdrawals.
Donor Advised Funds. The PCA’s “Advise & Consult Fund is a donor-advised fund with no fees. Donate cash and other assets (stocks, bonds, mutual funds, and real estate) to your fund. Receive a tax deduction for the current tax year and recommend grants at your pace to your church and favorite Christian ministries.” https://pcafoundation.com/individuals/advise-consult-fund/
CARES Act Provisions. The Corona Virus Aid, Relief and Economic Security Act has two potentially beneficial provisions. First, those taking the standard deduction can claim up to $300 in charitable donations to 501(c)(3) charities as well. Second, for 2020 only, those who itemize can deduct cash contributions up to 100% of their adjusted gross income, instead of the prior 60% limit.
Do not consider this tax or legal advice. Tax laws are complicated, and individual situations differ. Please consult your tax advisor or personal attorney.