Types of Giving

Cash

Cash is the easiest method of giving, and the option that provides the most immediate benefit. Cash may be given as a one-time gift online via electronic check or credit card, or you can establish automatic electronic payments through your bank account or credit card.

There are also several alternative forms of giving, as described below. If you are interested in any of these options or would like more information, please contact us at office@colonialchurch.com


Appreciated Marketable Securities

Appreciated Marketable Securities are a great way to maximize your giving, because you receive an immediate income tax deduction for the full fair market value of your securities. In addition, you pay no capital gains tax on the difference between your cost and the fair market value.

Life Insurance Policy

A current life insurance policy can be transferred to Colonial Church, for which you receive an immediate income tax deduction for the cash surrender value. Colonial Church will elect one of two options: cash in the policy for immediate ministry needs, or keep it and utilize the death benefit later.



One Gift - Twice the Impact

So you have a heart for giving and want to find ways to increase the impact of your gifts... Did you know some employers will match contributions to your church and thereby double your giving impact? Ask your employer about Charitable Gift Matching... a popular way for many companies to increase the value of their employees' gifts to charity. Any questions about giving can be directed to office@colonialchurch.com


Planned Gifts

If you have planned in advance to give a gift as part of your overall personal financial strategy, either now or in the future, we recommend that you discuss your strategy with your tax and/or financial advisor.

There are several types of gifts that may fall under this category, many of which are very simple to make and do not require any formal communication to us. These include:
  • Life Insurance. You can simply name a Colonial Church as a beneficiary.
  • Retirement Assets. You can name Colonial Church as a beneficiary of your IRA, 401(k) or other qualified retirement plan. Any amounts left in your plan will transfer to Colonial Church free of income and estate tax.
  • Bequests. You can name Colonial Church in your will as a beneficiary, and your estate will receive an income tax deduction for the value of the bequest. A bequest written in a will can be made for either a percentage or an amount.
  • Other types of planned giving include gifts that may be more long-term in nature. For example:
  • Charitable Gift Annuity. Cash or marketable securities are transferred to a charitable organization in exchange for a current income tax deduction and the organization's promise to make fixed annual payments to you for life.
  • Charitable Lead Trust: Cash or marketable securities are transferred to a trust, which makes fixed payments to the charitable organization over a specified period of time, then transfers the remaining assets to your heirs.