If you are interested in any of these ways to give, please ask our parish administrative assistant (firstname.lastname@example.org) to put you in contact with our treasurer.
Stocks and Mutual Funds
Giving appreciated stocks and mutual funds is a great way to maximize your giving because you receive an immediate income tax deduction for the full fair market value of securities you transfer that you've held for at least one year. In addition, you pay no capital gains tax on the difference between your cost and the fair market value. Consult with your financial and/or tax advisor to analyze your particular situation and confirm tax benefits.
IRA Qualified Charitable Distributions
If you are over 70 ½ years old, then you may distribute directly from your IRA to The Church of the Incarnation up to $100,000 and exclude the contributed amount from your gross income for tax purposes. This amount can be counted towards the IRA's annual required minimum distribution. Consult with your financial and/or tax advisor to analyze your particular situation and confirm tax benefits. Here are a few articles that explain the process: (1) Qualified Charitable Distribution: Tax-Wise Planning so You Can Give More; (2) Charitable Donations from Your IRA.
You may designate The Church of the Incarnation to receive all or a portion of your estate after your lifetime. This type of giving may be accomplished through: Will or Trust, Retirement Accounts, Life Insurance.
Real Estate or Non-Cash Assets
If you'd like to discuss a possible gift of real estate, a trust or retirement account, credit card rewards points or airline miles, or another unique gift, please ask our parish administrative assistant (email@example.com) to put you in contact with our treasurer.