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Your Church & Year End Giving
Your Church and Year-End Giving
Y e a r E n d G i v i n g S t r a t e g i e s
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As the year-end approaches, some of you may be interested in ways you can make tax-advantaged donations to Saint George’s. Here are some ideas from the Diocese of Virginia and contacts at the end in case you’d like to discuss them. We encourage you to work with a financial planner or lawyer to actually make any transfers using these techniques.
I R A C h a r i t a b l e R o l l o v e r
Congress made permanent the law that allows people age 70½ or older who own an IRA to make cash gifts directly from their IRA to charity. For many people, this is the best tax-wise way to give. An IRA rollover gift will not be included in your taxable income and will qualify for your required minimum distribution.
O u t r i g h t G i f t o f a n A s s e t
If you wish to make a gift to support our cause this year but are concerned about preserving your cash resources, consider a gift of an appreciated asset. A gift of securities, business interests or real estate can provide you with significant income and capital gains tax savings, often exceeding the benefits of a cash gift.
D o n o r A d v i s e d F u n d ( D A F )
If you are looking for an end-of-year deduction but want more time to make thoughtful giving decisions, consider a donor advised fund (DAF). Our organization can use your tax
deductible gift to establish a DAF in your name. You can make grants from your DAF now and in the future to support our work and other causes you care about.
Z e r o-T a x G i f t a n d S a l e
If you are planning to sell an asset like securities, real estate or a business, before you sell, consider a “zero-tax” charitable gift and sale. By making a gift of part of the asset before the sale, you can use a tax-saving charitable deduction to significantly lower or eliminate the capital gains tax on the sale.
M a y W e H e l p ?
If you would like further information on these endof-year planning strategies, please contact us. We can help you create a plan that meets your needs and goals.
If you would like more information on these types of gifts please contact Church Treasurer, Gina Hammond. hammond.gina@gmail.com or via the Parish Office on 540-592-3343.
R e v . J o n a t h a n , V e s t r y & S t a f f a t T r i n i t y C h u r c h w i s h y o u e v e r y h a p p i n e s s f o r a b l e s s e d N e w Ye a r
J a n u a r y 2
The Diocese of Virginia The Rt. Rev. Susan E. Goff Bishop Suffragan The Rt. Rev. Jennifer Brooke-Davidson The Rt. Rev. Porter Taylor Assistant Bishops Clergy & Staff The Rev. Jonathan V. Adams, Rector Richard D. Jones, Director of Operations & Communications Betsy Crenshaw, Administrative Assistant Dan Miller, Director of Music Ministries & Organist Mary Deppa, Bookkeeper Tommy Breeden, Sexton Angela Lake, Housekeeping Officers & Vestry Barbara Augenblick, Senior Warden Melinda Gable, Junior Warden Gina Hammond, Treasurer Jolly de Give, Registrar Class of 2021 Barbara Augenblick, Louise Crane, Joe Fluet, Randy Mullett Class of 2022 Melinda Gable Elizabeth Thomas, Chandler Van Voorhis
Class of 2023 Alix Coolidge, Daniel Leger Ed Moore, Laurie Volk
