We believe that we are called to extend the invitation of Jesus—to bring others into a relationship with the God who loves us beyond measure, restores the broken, and changes lives. We also believe that following Jesus transforms all areas of our lives, including our finances.
We want to partner with you so that you can experience the joy of giving and see how your generosity can make a lasting difference.
You are invited to explore the charitable giving opportunities available to you. Please pray about how you can utilize these options, and reach out to us with any questions. Know that your generosity equips and empowers our church as we seek to share God’s love in our community and the greater world, right now and for generations to come.
Cash is the easiest way to make a gift. Your gift can be put to work immediately to support the ministry of CPC. Cash gifts can be made by check or online. You can also set up recurring giving.
Marketable securities are another easy way to contribute. Your gift of appreciated stock is beneficial to both you and CPC. You are able to make a gift that does not affect your cash flow and allows you to give a larger gift from a smaller original investment. Under current tax laws, when you make a gift of appreciated stock, you generally pay no capital gains on the appreciation yet receive a tax deduction on the full current value of the gift. This can result in significant tax savings to you depending on your personal tax situation. You can contact us to discuss how to transfer marketable securities to CPC.
IRA Charitable Rollover
If you are age 72 or older and are required to take an annual Required Minimum Distribution from your standard IRA, which is normally taxable, you may have all or part of your Required Minimum Distribution donated directly to CPC as a Qualified Charitable Distribution, without having to pay income tax on the distribution. Because the amount of a Qualified Charitable Distribution is not included in your adjusted gross income, this may result in additional tax savings to you depending on your personal tax situation. Please consult with your IRA custodian or financial advisor about how to do this.
Consider New Ways to Give
Cash gifts make up 80% of charitable contributions, but cash makes up only 7% of the assets owned by individuals and families. Many individuals have untapped resources that could be made available to support the ministries they are passionate about.
There is an option to gift a portion of an asset. Tax benefits of a “give then sell” opportunity can result in significant tax savings.
As you pray about ways to support the ministry of CPC and other charitable organizations, consider these innovative ways to give:
- Real estate
- Closely held business interests
- Restricted securities
- Estate gifts
- Retirement plans
- Life insurance
- Personal property
Simplifying Your Charitable Giving
A Giving Fund (also known as a Donor Advised Fund) is a simple and effective tool used to facilitate giving. It provides a centralized platform where donors can support CPC, mission partners, and other ministries and charities they are passionate about. You can choose from a number of Giving Funds, including the Giving Fund administered by CPC’s development partner, the National Christian Foundation Twin Cities.
Some of the benefits:
Give Now, Distribute Later
When making a contribution into a Giving Fund, donors receive an immediate tax deduction to the extent permitted by law, and also reserve the right to recommend grants at a later date. Donors have the freedom to fully discern where they feel God is calling them to give.
Expanded Giving Options
Giving Funds are set up to accept cash contributions as well as other gifts such as stock, real estate and business interests. You may also contribute to a Giving Fund by leaving a gift through your will.
Giving Funds can be set up in less than an hour and are personalized for each account. The National Christian Foundation Twin Cities coordinates all administration, distributions, investment management, and record keeping. Donors also have access to their personal fund information online. For more information about establishing a Giving Fund through the National Christian Foundation Twin Cities, contact us or go to twincities.ncfgiving.com.
Charitable Gift Annuity
The Gift that Gives Back
A Charitable Gift Annuity is a simple concept that combines a charitable gift and an annuity. You make the gift, then are eligible to claim a partial charitable tax deduction for the year in which you set up the charitable gift annuity. You then receive fixed annuity payments each year for the remainder of your life. If you wish, the payments can go to a family member or other recipient.
A Charitable Gift Annuity can be set up with a minimum of $10,000 and funded with cash or marketable securities. Payments can be set up quarterly, semi-annually, or annually based on your personal preference, and are subject to income tax. Please contact us for additional information on setting up a Charitable Gift Annuity with CPC.
Ensuring a Legacy of Giving Through Your Estate
Gifts to CPC through your estate—whether it be through your will, trust, insurance policies, or retirement plans—are a way to ensure that your giving goals continue beyond your lifetime. Many of us are committed to using estate bequests to care for and provide for loved ones. In the same way, you can invest in the programs and missions of CPC that have impacted you and help fuel these ministries in the future.
There are two primary options to coordinate testamentary giving:
- You can designate gifts in your estate to go directly to CPC. Your gift to CPC can be used for purposes or areas of ministry that you specifically designate, or where the funds are most needed as determined by CPC’s Session and financial leadership team.
- You can designate your gifts to go to a Giving Fund, through which CPC and other ministries can benefit. The Giving Fund can be opened through the National Christian Foundation Twin Cities or another Giving Fund of your choice. You can designate family members or other trusted advisors to make decisions on how the funds are to be used in accordance to your wishes. You may update your designations easily at any point during your lifetime.
Giving in Perpetuity
Christ Presbyterian Church has been the recipient of several endowment gifts over the years. An endowment gift benefits the CPC community forever. Unless stated otherwise, only the investment earnings from the fund (and in some cases, appreciated growth) are spent, leaving the principal sum as a means of supporting CPC’s ministries in perpetuity.
When setting up the endowment, you provide the guidelines and make your wishes known about how the funds generated by the gift of cash or other assets are to be used. The CPC Session and financial leadership team manage the requests received for use of the funds based on these instructions and oversee the outside professional firm that manages investment of the funds. You are eligible to claim a charitable tax deduction for the year in which
you set up the endowment.
If you are interested in exploring your charitable giving options to CPC, please contact:
Mara Amiot, Executive Director • 952-920-8515 x237 • firstname.lastname@example.org
Information on this page is not intended as legal or tax advice. Please consult with your own tax advisor for information regarding the tax consequences of any donation to CPC.