Donors,

As you consider giving to TFC, we want to make sure you were aware of several tax-wise ways to maximize your impact that can benefit you and your family. Through these options, your generous support can go even further!

1.    Gifts of Appreciated Securities:

If you have appreciated stock or other securities that you’ve owned for at least a year, you can receive a double tax benefit by donating this stock to Teens For Christ. Not only will you receive a tax deduction for the fair-market value of the stock, but you’ll also avoid paying capital gains tax. This makes giving appreciated stock a much more cost-effective option than giving cash. Your financial advisor or broker should initiate your securities contribution as soon as possible to ensure that it qualifies for the right tax year. 

2.   Gifts from your IRA (Individual Retirement Account):

If you are at least 70 1/2 years old, you can give up to $100,000 from your IRA (or $200,000 for couples) to Teens For Christ or other ministries and receive significant tax benefits in return.

3.   Research Your Employer’s Matching Gift Programs

Many employers offer matching gift programs as part of their philanthropic efforts. For every dollar given, the corporation will make a matching contribution, in some cases on a two-for-one basis.

4.   Streamline Your Giving through a Donor-Advised Fund

If you support several ministries, you may be able to simplify and streamline your giving by setting up a donor-advised fund account through an organization such as the National Christian Foundation.

-Timing Is Essential
To receive a deduction on the correct year’s taxes…

- Gifts of non-cash assets (such as appreciated stock, real estate, business interests, and commodities) can also be given.

-Any check you write from your IRA account must be received and processed by December 31 in order to count toward the current year’s required minimum distribution.