FAQs on Giving
The are often tax advantages to gifting an appreciated asset such as stocks, cryptocurrency, property, etc directly to the church instead of converting the asset to cash and paying capital gains tax (talk to your financial advisor for specific advice). In light of this truth we’ve partnered with Engiven to expand the avenues through which people can contribute stocks and/or cryptocurrency to our congregation. This organization converts stocks and cryptocurrency to a cash gift that is mailed to the church. There is no cost to the donor and only a 4% charge to the church for this transaction (which might be a tax preferred way to give an appreciated asset).
CLICK HERE TO GIVE or just see how it works.
Since the non-cash contribution is given first to a Donor Advised Fund, the legal, non-cash tax receipt to the donor will be issued by The Engiven Foundation detailing the asset (shares, crypto type, etc) at the time of transfer. In accordance with IRS regulations for non-cash gifts Engiven will only describe the donation and not determine the fair market value of your donation. Our church contribution software (Realm) will also recognizes the donor who provided the non-cash gift and it will show up in their giving history as well. But since it is a non cash donation the congregational giving statement will value this non-cash donation at $0.00 with a brief Memo recording the type of gift (e.g., “Acknowledgement of crypto conversion from Engiven”).
In order to promote good stewardship of God’s resources we encourage online giving from a checking or savings account whenever possible. A payment from a checking or savings account only involves a 0.70% fee (plus $.29 per transaction), but debit / credit card processing involves a processing fee of 2.74% of the total gift (plus $.42 per transaction). However, we are grateful for each gift to our church and we know that “if the willingness is there the gift is acceptable according to what one has” (2 Cor 8:12).
- Convenience. You can contribute while away from home or traveling. You can make a donation or support a cause at anytime (i.e. give your offering on payday or make a year end gift on Dec 31st).
- Reliability. It is often more secure & reliable than mailing in a check or using your bank’s bill pay (both depend on the USPS to deliver it).
If you would like to make future giving simpler and stay in touch with our ministry by setting up a profile on REALM with a user name and password. You can also download the “Realm Connect” app on your smartphone. Click here for more information.
- Consistency. Unfortunately everyone misses a Sunday or forgets a checkbook from time to time. When people schedule their gifts online our church has more consistent support.
- Faster, More Accurate Accounting. Online giving information can be imported directly to our contributions software making it easier for us to keep track of contributions. This also saves time for our volunteers on Sundays and makes our deposits simpler.
Once you create a profile on Realm (email & password) you are in complete control. You can choose to make your gift a one-time gift or recurring transaction. You can manage how often to give and how much to give. You can designate your gift to the general fund and/or to a specific cause (i.e. missions, helping hand, etc.). Preferences can be changed anytime, but changes to recurring transactions must occur before noon at least two days ahead of the scheduled date.
• It will only take a moment, and it will make future gifts faster and simpler.
• It will enable you to start or stop recurring donations at any time
• It will allow you to view and print your online donation history
• Once an online gift has been made a receipt email will be automatically sent.
