Bethany Lutheran Church, ELCA
76 W. Crystal Lake Avenue
The Rev. Dr. Len Hoffmann, Interim Senior Pastor Phone: 815.459.2690
The Rev. Paul F. Cannon, Associate Pastor Fax: 815.459.8807
E-mail: hurchoffice@bethanylc.comwww.bethanylc.com
Year-End Giving and Tax Planning
Greetings from the land of accounting and tax:
The ministries at Bethany Lutheran Church have enjoyed another year of fulfilling work. Praise be to God.
- Thousands of dollars went to maintain the beautiful Bethany building for worship and Bethany’s many ministries.
- Thousands of dollars went to pay people to bring us worship that inspires us and programs that enrich our lives.
We are a very blessed congregation. Some of us may have also been blessed with enrichment in our investment portfolios. It has been a great year for the stock market. It may be a good time to take some of those profits off the table.
Do you want to make a tax-deductible charitable contribution, help your church meet its financial goals, and take advantage of some investment benefits? How about transferring some of that investment to Bethany Lutheran Church? Here’s the checklist (only good for donating long-term capital assets):
Contact your broker / financial planner to transfer investments to:
Bethany Lutheran Church
Federal ID # 36-2949408
76 W Crystal Lake Ave.
Crystal Lake, IL 60014
Note: Do not sell the stock, transfer the shares that you wish to donate.
Contact the church office at Bethany for the name of the church’s broker to which to transfer the stock.
Include in your tax return Form 1040 Schedule A Charitable Contributions the full market value of the investment you donated; the average of the high and the low for the day.
Wow! You just deducted a charitable contribution for the full value of the investment without having to pay tax on the capital gain. It doesn’t get much better than that.
Sincerely yours in Christ,
Kurt Schneider, CPA
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