If those who gain all they can, save all they can, will likewise give all they can; then, the more they gain, the more they will grow in grace, and the more treasure they will lay up in heaven. -John Wesley
Did you know that 30% of annual giving is in December? And that 10% of annual giving occurs on the last three days of the year?
Our gifts are an expression of our faith: an act of worship in response to God’s generosity. Year-end gifts can be to fulfill a pledge or long-term commitment. Year-end gifts are also significant opportunities for you to give over and beyond your regular giving, which helps the church expand its mission and ministry. This season is also a way to use your gifts to honor or give in memory of a loved one. You have an opportunity to give thanks, celebrate what God has done in your life, and invest in the life and mission of your church or favorite ministry.
Required Minimum Distributions
If you have reached age 72 and are required to take a minimum distribution (RMD) from your IRA, you can authorize gifts from your IRA directly to the church. You reduce your taxable income, and the distribution counts toward your RMD.
Gifting stock and appreciated securities
Gifts of stock are tax deductible just like cash gifts AND donors can avoid capital gains taxes by donating appreciated stock rather than selling it outright and then donating the proceeds. The result is a lower tax bill for the donor and more of the gift going directly to the church or ministry. A gift of appreciated stock preserves cash and avoids capital gains tax. The Holston Foundation sells the stock at no cost and donates 100% of the gift to the church or ministry you select.