End of Year Generosity Tips
Here are a few practical year-end giving tips as you prepare your gifts at the end of 2024:
Make sure all checks are post-marked by December 31
You can mail them to the church office at FC, 4544 State Route 261, Newburgh, IN 47630. You are also welcome to hand-deliver a check gift, either in person at church on Sunday through our giving boxes or during office hours during the week, Monday-Thursday 8am-3pm. We will have limited office hours December 24th - January 2nd, but don't hesitate to let us know if we can meet you at the church at a certain time that is convenient for you, and we certainly can.
Give stocks and other marketable securities
Giving stocks is a great way not only to maximize your charitable giving through an investment you've made but also to do so in a tax-efficient manner as you avoid the capital gains tax on the investment while receiving a full charitable deduction!
Here are the brokerage instructions for making a stock gift, or you can contact Mary in our finance office at 812-858-5000 or mlehman@fcnewburgh.com. In order to give, please give your broker the following details:
Organization Name: First Christian Church, Newburgh, Inc. Tax ID/EIN: 35-1463144
DTC: 0443 (Pershing)
Account Number: HMM003418
Here are the brokerage instructions for making a stock gift, or you can contact Mary in our finance office at 812-858-5000 or mlehman@fcnewburgh.com. In order to give, please give your broker the following details:
Organization Name: First Christian Church, Newburgh, Inc. Tax ID/EIN: 35-1463144
DTC: 0443 (Pershing)
Account Number: HMM003418
Are you 70 ½ or older?
If so, you may want to consider making charitable gifts through a QCD (qualified charitable distribution). A QCD is a direct transfer of funds from your IRA custodian, payable to the charitable organization of your choice. QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met. In addition to the benefits of giving charitably, a QCD excludes the amount donated from taxable income, which is unlike regular withdrawals from an IRA. Keeping your taxable income lower may reduce the impact to certain tax credits and deductions, including Social Security and Medicare. Also, QCDs don’t require that you itemize, which due to the recent tax law changes, means you may decide to take advantage of the higher standard deduction, but still use a QCD for charitable giving. If you want to visit more about making a gift through a QCD, please speak with your financial advisor or contact Mary in our office at 812-858-5000 or mlehman@fcnewburgh.com.