Will last year’s new tax legislation impact the giving of Disciples to your ministry? Will it impact your own giving? The Tax Cuts and Jobs Act of 2017 made significant changes to the federal tax code. Many of us are anxious to see what this will mean for charitable giving, especially where our congregations are concerned. The Disciples Guide to Tax Smart Giving helps ministries and their donors understand how these changes are likely to impact giving. This guide is perfect for individual donors, stewardship teams, and trustees who want to better understand how these changes may affect charitable giving. The guide is designed to help Disciples understand how they can continue to move money to mission and respond to God’s call to be faithful stewards.
The Christian Church Foundation is here to help congregations, stewardship teams, trustees, and church members understand what these changes may mean for charitable giving. While there are real concerns about the impact of the new law on charitable giving, there are great strategies available to maintain and expand tax-wise giving! These ways include “bunching” contributions, utilizing donor-advised funds, giving appreciated assets rather than cash, and special gifting options for donors over age 70 ½.
We encourage you to read and learn all that you can, consult your own advisors, reach out to the Christian Church Foundation, and consider carefully how to be the best steward of your gifts. For a listing of resources from the Christian Church Foundation, including Disciples Guide to Tax Smart Giving, please visit https://www.christianchurchfoundation.org/resources