WAYS TO GIVE
There are a variety of ways in which you can give at Christ Fellowship, and each one is valued equally as you worship God through your giving.
First, you can give electronically through our giving page. Electronic gifts can be made one time or on a recurring basis and can be made by credit card, debit card, or ACH transfer.
Second, you can give in person in any of our worship services at any of our campuses, either via check or cash. This is a way that many choose to give, and we have a moment during our worship services in which we provide time for this giving opportunity.
Third, you can mail a gift into our central offices at 8900 SW 168 St, Miami, FL 33157, and it will be processed just as weekend offering checks and cash are processed. Gifts through the mail can also be set up automatically through your bank’s BillPay program as well, and they will be sent automatically to us on a recurring basis. Many choose this option and find great priority in the automation of this discipline.
Want to give by text message?
Text "GIVE" the amount you wish to give to 888-281-7181 (example: text “GIVE 50” to 888-281-7181 for a $50 contribution). Follow the instructions in the return message one time to create a Text to Give account.
What are some additional ways I can give from my assets?
Gifts of stocks and other appreciated assets are simple to make and can have an immediate kingdom impact while also providing you with significant tax benefits.
Gifts of stock can provide donors with a double tax benefit. First, you may be able to claim a charitable contribution deduction in the amount of the current market value of the donated stock. That is, you can deduct not only the original cost you paid for the donated shares but also the increase in the value of those shares. Second, you can avoid paying taxes on the appreciated value of the stock. The greater the amount of appreciation, the more capital gains tax the shareholder will face if the stock is sold. But this tax can be avoided if you donate the stock to the church, and also the church pays no capital gains tax when it sells the donated stock.
Are there any special rules with the IRS?
Yes. Generally, the stock should be publicly traded stock that has been held for more than one year. Privately held stock is subject to its own set of special rules. There is also a limit to the number of charitable contributions given as “capital gain property”, and generally this is 30 percent of your adjusted gross income. If you have questions about the tax consequences of your donation, please contact your tax advisor for further clarification.
Should I sell the stock first, and donate the proceeds?
No, unless it is stock that has declined in value. If the stock has appreciated in value, you will want to donate the stock directly to the church so you do not have to pay capital gains tax on the appreciated value.
What is the process for donating stock?
The simplest way to donate stocks is to do so via electronic transfer from your broker to the church's broker. Christ Fellowship has a special account to handle these types of gifts. Contact your broker for specific instructions regarding your specific stock. Ensure the broker understands that you want to transfer the stock, not sell it. Then contact the church financial office 305.238.1818 or email email@example.com to get Christ Fellowship's account information and other electronic transfer information.
Donating from my IRA
Gifts from an IRA can provide significant tax advantages. Click here for more details.
Other Deferred Methods of Giving:
Charitable Gift Annuities - By donating assets like cash, appreciated securities or real estate to fund a life-income gift such as a charitable gift annuity, you receive income for yourself or up to two beneficiaries for life. You may also be able to receive significant tax savings now. Please contact Debbie Sutton in our office at 305-238-1818 ext. 1229 to discuss more about this gift opportunity.
Life Insurance – You can name a charity as the beneficiary of your life insurance. A better idea may be to transfer actual ownership of the policy to an organization or buy and contribute to a new policy. Such a gift will entitle you to an income tax deduction, and the future premium payments will be tax deductible.
Financial Accounts – Most accounts at financial institutions can be made payable at death to a person or a charitable organization. Ask the manager of the institution how you can arrange to designate a death beneficiary for your CD, savings account, brokerage account, etc.
Benefits from IRAs and Pension Funds – Your estate can save both income taxes and estate taxes if you make a charity the death beneficiary of your individual retirement account or other retirement savings plan. You also can arrange for lifetime income to be paid to a family member after your death, with the charity’s benefit coming later.
What are Christ Fellowship's accounting standards?
Christ Fellowship has extremely high accounting standards. Our organization is audited by an independent CPA firm each year. You can request a copy of the report for any year, and you will find that money given to Christ Fellowship is managed with great integrity.
Christ Fellowship is a member of the Evangelical Council for Financial Accountability (ECFA), an accrediting organization that is dedicated to helping Christian ministries and churches uphold high standards of responsible stewardship.