planned-giving

“Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.”  - Luke 6:38

As a recipient and steward of God’s bountiful gifts, you have an obligation and opportunity to share and return those gifts, providing support to God’s church and ministries beyond your lifetime.

CASH

The easiest and simplest way to give.

Outright gifts of cash represent a vital and important source of financial support for Sharon Presbyterian Church. They are the easiest gifts to make – and to receive. You are entitled to an income tax charitable deduction equal to the full value of the gift – provided that your charitable deductions do not exceed 50% of adjusted gross income (AGI) in the year the gifts are made. (Any unused portion of the deduction may be carried over into the next five tax years.)

An unrestricted cash gift can be made directly to the church or can be an endowed gift to the Sharon Presbyterian Church General Endowment Fund. If you choose to make a cash gift restricted for a specified purpose, you can give to one of the church’s existing Reserve Funds or subfunds of the Endowment Fund, or you can, subject to certain requirements, establish a new Reserve Fund or new Endowment subfund.

For more on the Endowment Fund and its various subfunds, click here.  For more on the church’s existing Reserve Funds, click here.

Example: Mr. Augustus has AGI of $85,000 this year.  He makes an unrestricted gift of $50,000 to Sharon Presbyterian Church.  He can deduct $42,500 this year ($85,000 AGI x 50%); the remaining $7,500 can be deducted in the next tax year (assuming his AGI in the next year is at least $15,000). Mr. Augustus’ gift of $50,000 to Sharon Presbyterian Church is fully deductible.

Next Steps:

Contact us to talk more specifically about the benefits of a cash gift to Sharon Presbyterian Church.

Senior Pastor Rob Blumer
Email: robb@sharonpcusa.org
Phone: (704) 553-0869
Associate Pastor Ron Nelson
Email: ron@sharonpcusa.org
Phone: (704) 553-0869
Endowment and Gifts Subcomittee Members:
 
Jacqueline Boresema
Email: jrboersema@gmail.com
Tim Gilbert
Email: timgilbert@bellsouth.net

The above gift description is for informational purposes and not intended as legal or tax advice. To ensure that this form of gift is appropriate for your particular circumstances and estate planning, please consult with your professional advisers.

Last Published: May 2, 2018 2:42 PM
Steps to a Gift