PROVERBS 3:9
We Value Generosity
2 CORINTHIANS 9:6-7
More Ways to Give
Appreciated Securities
If you are writing checks but also have appreciated stocks, bonds, or mutual funds in a taxable investment portfolio that you’ve held for at least one year, you likely have a significant opportunity to give more, pay less tax, and simplify your giving. The key is to donate these securities before the sale, which means capital gains taxes will likely be reduced or eliminated. Legal and/or tax advisors should be consulted for guidance before setting up a stock gift.
IRA
If you are at least 70 1/2 years old, you have the opportunity to make a gift of up to $100,000 tax-free each year directly from your IRA by using a qualifying designated fund (QCD). Normally, distributions from a traditional IRA are taxable when received. With a QCD, however, these distributions become tax-free as long as they're paid directly from the IRA to the church. For those who are at least 73 years old, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year. Legal and/or tax advisors should be consulted for guidance before setting up an IRA gift.
Donor-Advised Funds
A Donor-Advised Fund (DAF) is a flexible, simple, and impactful way to give because of its long-term impact and tax benefits. When you make contributions, including appreciated assets, you can qualify for a tax deduction, reducing your taxable income for the year of the contribution and potentially saving on capital gains tax. This generally not only lowers your tax liability but also leaves you with more to give. The funds in your account can be invested to grow tax-free while you strategize how you want to recommend they be distributed. You retain advisory privileges over how those funds are distributed to charities – either immediately or over time.
Will or Trust
The greatest gifts we remember are the ones where we know the story. With rare exception, the largest gift we will ever make will be our last one, as we brought nothing into the world, and we cannot take anything out of the world (1 Timothy 6:7). As stewards of what God has given us while on this earth, a question we need to ask ourselves and the answer is “What story will my last gift tell?” Legacy giving is a planned way for you to not only let your last gift tell the story of how God’s generosity transformed your life but will also lay seeds and help make a difference in the lives of future generations to come. You may designate Harborside Christian Church, Inc. to receive all or a portion of your estate after your lifetime. You can name Harborside Christian Church, Inc. in your will or trust as a beneficiary, and your estate may receive an income tax deduction for the value of your bequest. Consult with your estate planning attorney and your financial and/or tax advisor to analyze your particular situation and confirm benefits.
Real Estate
Whether you own commercial real estate or a vacation home, you may be able to amplify your giving impact by giving appreciated commercial, residential, or undeveloped property before you decide to sell. In addition, you may also give rental income from a property, whether residential or commercial, and potentially maximize your giving by reducing current-year income taxes. Legal and/or tax advisors should be consulted for guidance before setting up a real estate gift.
Life Insurance
You can simply name Harborside Christian Church, Inc. as the beneficiary of part or all of your life insurance policy. You can also choose to make Harborside the owner of a life insurance policy that is no longer needed. When Harborside is made owner, you may receive a tax deduction for the amount of premiums you continue paying each year. If it is a “whole life” policy, you may receive an immediate tax deduction for the cash value amount. Consult with your financial and/or tax advisor to analyze your particular situation and confirm tax benefits.
Testimonials
The easiest ways to give is through our online giving portal. This can be accessed above on this webpage or through the Harborside App. Also, many elect to give through checks in the mail, bill pay with their personal banks, or by bringing cash or checks with them to services on Sunday.
Absolutely not. We believe giving is a personal decision between the individual and God and should never be coerced or pressured. While we do provide many opportunities for members to support the church financially, there will be no manipulation for anyone to give. We encourage a culture of generosity out of response to Jesus' great love for us and because the Bible directs us to do so.
You can login and view your giving history here.
In the app:
At the end of each year, contribution statements will be send out via email and app notification for all those who gave that year. If you would like that statement re-sent to you please reach out to us.