Church of Our Savior
What Growing in Grace, Building in Faith is About
The Growing in Grace, Building in Faith Phase I began in June 2015. The goal of Phase I is to liquidate the mortgage on the property that Church of Our Savior is acquiring. The current amount owed is about $410,000.The terms are 5% for twenty years with a “balloon” payment of the remaining amount at 10 years. The campaign will last 24 months.
What should I give?
How much you pledge should be the product of prayer, planning and personal capacity.
All gifts will be treasured and will remain strictly confidential. Some paths to take to arrive at your pledge amount are listed below.
Please consider pledging 3 times your annual pledge or tithe.
We invite members who have the capacity to give from accumulated assets to prayerfully consider making a Major Gift of $25,000 to $250,000 or more, over the next three years.
The chart below may help you decide what is best for you. All pledges are confidential.
If you have non-cash assets and wish to explore how to donate them, you may find the link below Who says it has to be cash? helpful.
Who says it has to be cash?
Take STOCK of your situation
Gifts of appreciated stock and other securities have the potential to contribute significantly to our capital campaign. This happens by transferring ownership of your stock to the church directly (thereby avoiding selling the stock and giving the cash). (The process may be achieved by electronic transfer to the church’s special account.) Among the options for giving your assets to our church, this one couldn’t be easier.
Benefits extend to you as well. When you sell stock outright, capital gains taxes are never far behind. However, by giving stock instead, your gross income remains unaffected and capital gains tax is avoided. And you have a charitable deduction to claim as well. Appreciated assets must be owned for at least 12 months and it’s always a good idea to consult your tax and financial advisor or the IRS for the most current tax advantages.*
Sometimes giving begins in your own BACKYARD
A gift of property is limited only by your imagination and circumstance. Since donations of property are based upon worth, not cost, you may be in a position to give something of far greater value than what it cost initially
to acquire. You can also expect to take a tax deduction for the fair market value of the property at the time it is given. Depending on your circumstances, an appraisal from a qualified source may be required for deductions of $5,000 or more. Please consult with the church treasurer before moving forward with a gift of property.
Other IDEAS for creative giving
Among the financial resources God has entrusted to you there may be some wonderful opportunities for giving
that you haven’t considered. Consider, for example, U.S. Savings Bonds, Certificates of Deposit, retirement funds, home equity, and inheritances.
Where there is a WILL there is a way
Many members and friends of Church of Our Savior, whether they have belonged to the church or its antecedents from the beginning or are more recent members, are devoted to the church and want to see it thrive and continue to serve the beaches area for many years. You may find that including Church of Our Savior in your estate plan is a good way to carry on your commitment to the church.
Naming Church of Our Savior as a beneficiary of a charitable bequest is often as simple as adding a few sentences to your will. Before making any kind of planned gift, you should consult with your lawyer or financial advisor. If you are interested in using your estate plan to make a gift to the Growing in Grace, Building in Faith, Capital Campaign, please call the church office, and we will provide you with the information you may need.
Thank you for thinking about and planning for the future of Church of Our Savior. Planning is never easy but planning for the future can save you tax dollars, secure the future of the church and its ministries, and create a legacy of good.
* Not all charitable contributions are tax deductible. Whether a donation is deductible depends on a number of factors — including the recipient of the gift, when the donation is made, the purpose of the donation, and the donor’s particular tax situation. An identical contribution may be deductible by one donor, but not by another. Again, please consult your tax advisor or the IRS for specifics.
How can I contribute?
You may pay your pledge at intervals—weekly, monthly, annually—and by a variety of means; check/cash, credit card, stock/securities, property—that suit your budget and circumstances. It is entirely up to the donor to decide the payment schedule. Please confer with a member of the Campaign Team to have any of your questions about your pledge answered.
How prorated gifts add up to achieve the goal
Gifts needed to raise the Phase I goal of $410,000 over two years (rounded). Gifts of every size are essential to reach our campaign goal. Always remember, your prayers are of vital importance.
|Number of Gifts||Amount||Total||Per Month||Per Week|
|Fund Raisers, external||$50,000||$50,000|
With a grateful heart for God’s boundless generosity I/we will make this commitment to the Growing in Grace, Building in Faith Campaign of Church of Our Savior.
“As each has received a gift, use it to serve one another, as good stewards of God’s varied grace.”1 Peter 4:10