The information on this website is not intended as legal or tax advice.
For such advice, please consult an independent attorney or tax advisor before proceeding with this type of plan.
DONATE STOCK & MUTUAL FUNDS – SAVE TAXES, GIVE MORE
If you are currently donating to Cityview, but also have appreciated stocks or mutual funds in a taxable investment portfolio, you likely have a significant opportunity to pay less tax, give more, improve your personal cash flow, and simplify your giving.
Stocks and mutual funds are great ways to give without incurring capital gains on appreciated assets. We allow donors to donate stock & mutual funds into our nonprofit account. Gifting your appreciated assets results in a double tax benefit: 1) If you’ve held the asset longer than one year (long-term capital gain property), you avoid paying capital gains tax on the appreciated asset; 2) The gift is an eligible tax deduction, as you will receive a charitable donation receipt from Cityview for the full gifted amount.
For example, if you purchased stock for $1,000 more than one year ago and its value is now $10,000, rather than selling the stock and paying tax on the $9,000 gain, you could donate the stock to the church. You avoid capital gains taxes on the $9,000, receive a $10,000 charitable giving tax deduction, as well as provide the church with the full $10,000 value of the stock.
Follow the steps on these forms:
Your brokerage firm will transfer the funds from your account to the church. Please note that Gifts of Stock we receive will be sold immediately.
SUPPORT CITYVIEW WHEN YOU SHOP ON AMAZON
When you shop at smile.amazon.com, you’ll find the exact same products, same prices, same experience as amazon.com, with the added bonus that Amazon will donate 0.5% of the purchase price to Cityview Community Church. For every $100 purchase, Amazon donates $0.50 to Community.
To select Cityview as your charitable organization, type the following into your browser: https://smile.amazon.com/ch/36-2174820 or go to smile.amazon.com > Your Account > Select Your Charity > search for “36-2174820″ or “Cityview Community Church.”
Be sure to bookmark smile.amazon.com. If you see the church name listed in the upper left corner under the Amazon Smile logo, you can be confident Amazon will donate 0.5% of your purchase price to God’s work at Cityview!
If you use the Amazon mobile app, you will need to “turn on” the Amazon Smile feature by clicking the three bars in the bottom right > Settings > Amazon Smile > turn on for your phone. This turns it on for 6 months and will send you a reminder to reactivate twice per year.
For more information: “Amazon Smile Q & A”
MATCHING GIFT PROGRAMS
Many employers have gift matching programs that encourage employees to donate to non-profit organizations. For every dollar an employee donates to a charity, the employer may match or even double or triple the donation! Matching Gift Programs are a wonderful way for employees to make their charitable dollars stretch further at no cost to themselves. Simply ask your employer’s human resources office or benefits administrator for a matching gift form and instructions.
Many aren’t aware that the same process that allows employers to make automatic payroll deductions for charitable contributions like the United Way, can also be used to give directly to the church. By requesting a Payroll Deduction Form and submitting it to your company’s Human Resources Department, you can make contributions to the church automatically.
LEAVE A GIFT IN YOUR WILL
Under current tax laws, unnecessary estate taxes are often paid by the estates of those who have died. By leaving a portion of your assets to the church in your will, you not only avoid losing a large part of your estate to death taxes, but you continue making a difference in the lives of people long after you have departed.