Year End Contribution Deadlines

As you begin year end tax planning for your family or business don’t forget that donations to Immanuel qualify as a tax deductible charitable contribution.  Most members give a cash gift, but a gift of stocks or bonds is another way to benefit your church and gain a tax advantage.  A gift of appreciated stocks or bonds provides a deduction at the fair market value on the date of the transfer.  This gives the investor the advantage of a larger deduction without paying capital gain taxes.  Seek the advice of your tax professional and keep in mind this alternative method for providing a gift to your church. 

All cash or other asset contributions for 2012 must be received in the church office by Monday, December 31, 2012 or post-marked no later than December 31, 2012. Stock transfers must be completed by December 31, 2012 as well. In addition, all online gifts must have an “approved” status by December 31, 2012 in order to receive contribution credit for 2012.

Any gift received or post-marked on or after January 1, 2013 will be credited to 2013.. 

If you have any questions regarding a year end gift please give me a call, the church has contacts that can help facilitate stock transfers or other types of gifts. 

All of us on staff appreciate the sacrifices made by each and every one of you this year! 

Arilla Austin, Controller