Giving

Unlocking the secrets to smart, transformative giving! 

A message from the Finance Committee...

Ever wondered how the abundance of God can work to support Concord in a more powerful way? Let's look at two smart giving options that are easy to do - 1) donating IRA distributions, and 2) setting up a charitable gift fund. 

Donate IRA distributions

If you are age 70 1/2 or older and have a traditional or Roth IRA, consider a qualified charitable distribution (QCD) to satisfy your required minimum distribution. For 2025, up to $108,000 may be excluded annually from an individual's taxable income. The QCD must be distributed from the IRA custodian or trustee directly to Concord. This method excludes SEP and SIMPLE IRAs. 

Open a charitable gift fund

A charitable gift fund is a type of donor-advised fund that is a powerful way of faithfully giving to Concord and other nonprofit organizations that are important to you. When you contribute to a charitable gift fund, you receive an immediate tax deduction, with the flexibility to have the funds distributed to the donee organization(s) over time, even beyond your lifetime. You can donate cash, mutual funds, securities, and unique assets like privately held stock, interests in LLCs, art, and collectibles. Any investment gains within a charitable gift fund are tax-free, so more dollars are available to support your giving plans. 

More information describing other key benefits and limitations of these options is provided here. Please reach out to Pastor Tom if you'd like to be connected with someone on the Finance Committee for more information.