Finances .. Ways to Give
There are a number of different ways you can support our ministry with
financial gifts and some of them are detailed here for your convenience.
Please call the church
for additional information.
Click here to give online.
Year End Deadlines
Because all gifts to the church are subject to I.R.S. deadlines, please
remember the following when you give at year-end. All gifts must be received
by the church before midnight on December 31, or must be postmarked before
the end of December, to be deducted in the present tax year.
Any gifts received after December 31 and not postmarked in December will
be included in the next tax year. The date written on a check will not
determine in which tax year a gift is included. Only the actual date of
receipt by the church or the postmark will establish the correct tax year
for the I.R.S.
Cash & Checks
Cash and checks are the most common way donations are received by the
church. In fact, the church accounting office processes over 50,000 donations
every year.
The church is required by the I.R.S. to produce statements for all donors
who give any single gift of $250 or more. If a gift is less than $250,
the donor's written records and/or canceled check are sufficient proof
and the I.R.S. does not require written confirmation from the church.
(Multiple gifts received by the church on the same day are considered
to be one gift by the I.R.S., and if those gifts total $250 or more, the
church is required to send the donor a confirmation.)
Because some donors wish to have confirmation of all of their gifts, the
church provides numbered giving envelopes. Any gifts received by the church
in these giving envelopes will be tracked and a statement produced by
the church for the donor. If you would like to sign up to use giving envelopes,
please call the
at 714.529.5544. Giving statements are confirmations will
be produced and sent to donors in January of every year for the previous
tax year.
Stock & Mutual Funds
It is possible to transfer stocks and mutual funds directly to the church.
If this is done with securities that have been held for more than one
year, the donor will be able to deduct the full fair market value of the
securities and avoid paying any capital gain tax. If, however, the securities
are sold first and then the proceeds are given to the church, the donor
will still have to pay capital gain taxes to the I.R.S. A little planning
in this area can help you take full advantage of the tax benefits allowed
by the government. Please call us for more details before you put any
transfer in motion.
Real Estate
In general, gifts of real estate have the same tax benefits as giving
appreciated securities. If the property has been held for more than one
year, the donor can typically take an income tax deduction for the full
fair market value and avoid capital gain tax on the appreciated portion
of the property. It is also possible that other benefits can include savings
in estate taxes and avoiding probate. Please contact the
to discuss this
further.
Personal Property
Every year the church is given books, office furniture, computes, automobiles,
and more. We gratefully accept all gifts-in-kind that we can truly use,
or we try to direct donors to other ministries that have specific needs.
Gifts-in-kind can be a little more complicated due to I.R.S. regulations,
but we will be happy to help you with the process. Please arrange all
gifts-in-kind with the business office before dropping off any tangible
property.
Life Insurance
Although it is seldom considered, life insurance policies can be given
to non-profit organizations. If the original purpose for a life insurance
policy no longer exists, a donor must make the church the owner and beneficiary
of the policy to receive a tax deduction. The deduction can be taken immediately
and the amount of the contribution is typically the replacement value
or cost basis of the policy. Please call to discuss additional details.
Gift Annuities
Charitable gift annuities can be set up where the donor receives an immediate
tax deduction on irrevocable gifts to the church, but will also receive
fixed income payments from their gift for the rest of their life. A charitable
gift annuity is complicated but we would be happy to discuss the details
with you if this is something you would like to consider.
Wills & Bequests
A charitable gift can be given to the church through your will or other
estate plans. Such a gift can be very helpful in avoiding estate taxes
and can allow the deceased to give specific directions on how their estates
is to be divided. If you choose to include the church in your will or
estate plan, please let your attorney know the church's name and address.
Further, please communicate to your attorney that the church is a 501(c
)(3) organization incorporated in the state of California, and that our
tax identification number is 95-6006133. If you have already included
the church in your will, please let us know so that we can say "thank
you." Don't forget that qualified retirement plans will be considered
part of your estate at death, but if handled correctly they can also be
deductible from the estate as charitable gifts.
Matching Gifts
Many businesses allow their employees to make donations to charitable
organizations through payroll deductions, and they will often match the
gift dollar for dollar. Inquire with your company's Human Resources, Matching
Gift, or payroll department to see if this is possible. The church is
recognized by the I.R.S. as a tax-exempt organization under section 501
(c)(3) and many people already give to the church through matching gift
programs.
Final Thoughts
Many of the ways to give mentioned above can be very effective if utilized
correctly. Although the staff of the church's business office is ready
to help with these gifts, they are unable to give advice on what is best
for your situation. Please consult your CPA, financial planner, or tax
attorney to get advice tailored to your financial situation before putting
one of these gifts in motion. Unless otherwise designated, all gifts received
by the church are unconditional and without personal benefit to the donor. |