WAYS TO GIVE
CASH AND GIFT PLEDGE
The advantage of this method is that the actual cost of the gift (to you) is less than the total dollar amount given to Mighty Fortress International Ministries. You can deduct up to 50 percent of your adjusted gross income in the year you make the gift. Any excess over 50 percent can be deducted over the next three years. (Future cash pledges should be made either in writing or by means of the pledge card.) Pledges cannot be claimed until the gift is made.
STOCKS AND BONDS
Current market conditions have created ideal giving opportunities for these appreciated assets. If you held the asset more than one year, you can deduct its fair market value up to 30 percent of your adjusted gross income and owe no capital gains taxes from its transfer to Mighty Fortress International Church.
REAL ESTATE
You can give private, commercial, or agricultural property to Mighty Fortress International Church. If your property has decreased in value, you should consider selling it and contributing the proceeds to receive both capital loss and charitable gift deductions. We prefer that you contact us during the early stages of your planning so we can jointly decide the best use of the property by the church.
PERSONAL PROPERTY
Works of art, vehicles, etc. are considered gifts of personal property. Your deduction will depend on the appraised value and how the gift will be used by the church (see appraisal and related-use sections). Gifts of personal property will be considered only after review with Dr. Tom R. Williams.
LEAVING A FUTURE LEGACY
YOUR WILL
Your WILL can include gifts in the form of:
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Cash, stocks, bonds, real estate, or personal property.
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Specified percentage of your estate.
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Balance of your estate after family members have been taken care of.
Be sure to work closely with your attorney if you want Mighty Fortress International Church to be the recipient of a future gift.
APPRAISALS
You must obtain an appraisal for any non-cash contribution which exceeds $5,000. The appraisal summary section of IRS form 8283 must be completed and attached to your income tax return on which the deduction is claimed. No appraisal is required for a gift of publicly-traded securities for which market quotations are readily available on an established securities market.
GIFT STEWARDSHIP
Your gift will be used specifically for the purpose(s) they were given and treated with the utmost care and confidentiality per your instructions.
GIFT RECOGNITION
All gifts to Mighty Fortress International Church qualify for appropriate levels of recognition from Mighty Fortress International Church.
CONSULT YOUR TAX ADVISORS
The information provided in this document is not offered as legal advice. For legal advice, please contact your tax attorney and tax accountant.
WHERE TO DIRECT YOUR GIFT
Mighty Fortress International Church is the official recipient for all gifts. Checks should be made out to “Mighty Fortress International Church”. Property should be transferred to Mighty Fortress International Church, and property should be sold in the name of Mighty Fortress International Church. If you need the church tax ID number, please call
763-560-6195.