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Christ Temple
Cash Gifts
Making a Difference
Frequently Asked Questions
The Decision-Making Process
Giving a Cash Gift
This information is of a general nature only. For specific legal advice and assistance, you should contact your own attorney.
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Making a Difference
Do you know someone whose life has been changed by a personal encounter with Jesus
Christ? Maybe He’s changed your life or the life of a loved one. If He has, you know
that this encounter does make a difference.
Our desire is to introduce as many as we can to the person of Jesus Christ, so that they
might experience His love and forgiveness.
Your prayers are the most important way to support us in this ministry. We are grateful
for the dedicated prayer support we receive. We are also grateful for those that support
us with contributions.
Cash gifts continue to be the main source of funding our ministry. These gifts, of all
sizes, are made in faith that God will use them to change lives. And, praise His name,
He is faithful.
Because we are devoted to helping people give wisely and effectively, we understand that
effective giving means careful planning. It makes a difference to you and to us because
your tax benefits and our ministries are affected by the way you plan your giving. What
you give and how you give are important questions to answer. Therefore, to better
understand how a Cash Gift may affect you and Christ Temple, let's begin by answering these
questions.
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Frequently Asked Questions
- How Much Can I Give?
- How much can I deduct?
- Can my gift be designated to a certain part of the ministry?
- Could I make a gift as a memorial for a lost loved one?
- How do I know if a cash gift is the best type of gift for me
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1. How Much Can I Give?
There is no limit to the amount you can give. Any amount is acceptable. We encourage
you to consider your financial circumstances, but most importantly, to pray and be
faithful to the amount you believe God directs.
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2. How Much Can I Deduct?
Although there are no limits to the amount you can give, there are limits to the amount
you may be able to deduct for tax purposes. These limits are high enough that they rarely
affect your gift. Generally, however, cash gift deductions are limited to 50% of adjusted
gross income and appreciated property gifts are limited to 30%. In both cases, any
deduction that exceeds the limit can be carried over and used the next year. This carry
over provision continues five years after the year of the gift (six years total). Tax issues
should always be reviewed with your tax counsel.
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3. Can My Gift Be Designated To A Certain Part Of The Ministry?
Yes, you may designate your gift to any of our many ministries. Just indicate which
ministry you would like to benefit. If your gift is not designated, it will be used where
we believe it is most needed.
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4. Could I Make A Gift As A Memorial For A Lost Loved One?
Yes, your gift can be used to remember a lost loved one. This is a very wonderful way to
show you remember them and share with them in spreading the gospel. Often these are
larger gifts, but can be made in any amount.
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5. How Do I Know If A Cash Gift Is The Best Type Of Gift For Me?
There are many methods of giving to support evangelism. Some gifts allow the ministry
to benefit immediately and are fully tax deductible. In addition to cash, other items such
as securities and real estate may be given. Other gifts benefit the ministry at your death,
with you retaining the right to income or to control the asset during your life. Gift
annuities and charitable remainder trusts provide favorable tax benefits in addition to
your retained payments. Revocable trusts, wills and beneficiary designations are other
methods of making your gift. You may want to review and discuss each of the options to
see which fits your financial plans best. If we can assist you, please contact our
representative. We would be happy to help in any way we can. Cash gifts are the
simplest, produce generous deductions, and enable your gift to be used immediately in
ministry.
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The Decision-Making Process
What are the primary considerations in making a gift?
One consideration is the need to give a gift to support something you believe in. Giving
a cash gift is an opportunity you can take to make a difference in accomplishing the
work of God through this ministry. Do you desire to make a difference? Do the
ministries of the Association connect with your goals of outreach? Would you be blessed
to know that your gift enables others to come to know Christ? Do you want our
ministries to benefit immediately from your gift?
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Giving a Cash Gift
If this is your desire, you may want to consider a cash gift. Gifts can be mailed to:
Christ Temple
9020 B Woodyard Road
Clinton, MD 20735-4212
If you have additional questions and would like to talk to one of our representatives,
please write us at the above address, or contact us by phone, or e-mail at:
Christ Temple Church of the Apostolic Faith Inc.
9020 B Woodyard Road
Clinton, MD 20735-4212
(301) 868-3567
e-mail:christteme@aol.com
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The purpose of this publication is to provide information of a general nature only.
For specific legal advice and assistance, you should contact your own attorney.
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9020 B Woodyard Road, Clinton, MD 20735-4212 U.S.A..