For those interested, Faith will provide envelopes at the Information Center next to the Main Lobby. Any gifts received by the church in these giving envelopes will be tracked in your CCB account.

If you are interested in giving a one-time gift or setting up recurring offerings (weekly, monthly, etc.), sign in to your CCB account. Or sign up with your bank’s “Bill Pay” program to simplify recurring giving.  Please set up payee – Faith Church, 5910 Price Rd, Milford, OH 45150, 513 831 3770 and use the memo line for any designations when using “Bill Pay”. If you have any questions about electronic or on-line giving, please contact our Financial Secretary, giving@faithchurch.net. 

Some individuals like to make special year-end gifts. Because all gifts to Faith Church are subject to I.R.S. deadlines, please remember that all year-end gifts must be received in the church office before midnight on December 31, or must be postmarked before the end of December to be receipted in the present tax year.  Any gifts received after December 31 or not postmarked in December will be included in the next tax year.  The date written on a check will not determine in which tax year a gift is included. Only the actual date of receipt by the church or the postmark will establish the correct tax year for the I.R.S. (Special rules apply to electronic fund transfers at year-end.)

It is possible to transfer stocks and mutual funds directly to Faith Church. If this is done with securities that have been held for more than one year, the donor will be able to deduct the full fair market value of the securities and avoid paying any capital gain tax. If, however, the securities are sold first and then the proceeds are given to the church, the donor will still have to pay capital gain taxes to the I.R.S.  Planning in this area can help you take full advantage of the tax benefits allowed by the government.  Please contact Faith’s Treasurer at Treasurer@faithchurch.net to discuss how to easily transfer stocks and mutual funds from your account to Faith’s account for the best tax advantage.

Thank you for your interest in a donation of stock to Faith Church. Donation of stock is an excellent way to not only give generously, but often times is a wonderful way to steward our blessings.  In order to transfer stock, contact your brokerage firm, with notification of the number of shares. 

Our account is at Edward Jones.

Your investment firm will need this information: 

DTC # 0057

Account number is 13040379.

Account name is Faith Evangelical Free Church

FEIN # 31-1045355

In addition, if you would email the church and let us know of your impending gift, it would be very helpful. The exchange between your brokerage firm and Edward Jones does not include the donor’s name. Email Faith’s Treasurer at Treasurer@faithchurch.net, when you initiate the gift. A letter of acknowledgement of your donation will be mailed to you quickly by our Financial Secretary, giving@faithchurch.net.

Sincerely,

Faith Treasurer

Treasurer@faithchurch.net

Over the years, Faith Church has been given automobiles, computers, office furniture, furniture/furnishings, and more. We gratefully accept all gifts-in-kind that we can truly use, or we try to direct donors to other ministries that have specific needs. Gifts-in-kind can be a little more complicated due to I.R.S. regulations, but we will be happy to help you with the process. Please email the Treasurer at Treasurer@faithchurch.net, to discuss any possible gift-in-kind donations. We will determine if and how we can use the items and how we will get the items.

In general, gifts of real estate have the same tax benefits as giving appreciated securities. If the property has been held for more than one year, the donor can typically take an income tax deduction for the full fair market value and avoid capital gain tax on the appreciated portion of the property. It is also possible that other benefits can include savings in estate taxes and avoiding probate. Please contact the Treasurer at Treasurer@faithchurch.net, on how to transfer real estate from your account to the church’s account for the best tax advantage.

Churches can benefit from life insurance policies. If the original purpose for a life insurance policy no longer exists, a donor can make Faith Church the beneficiary of the policy or a donor can give the premium to Faith Church for a tax deduction on a policy that the church would own and be the beneficiary. The deduction can be taken immediately and the amount of the contribution is typically the replacement value or cost basis of the policy. Please contact Faith’s Treasurer at Treasurer@faithchurch.net, to discuss this giving option.

Individuals 70 ½ or older may donate to charity up to $100,000 annually through their traditional Individual Retirement Accounts. The donation must be made directly from the IRA plan administrator to the qualified charity, such as a Faith Church. These distributions can count toward the IRA owner’s “required minimum distribution” (RMD), which would normally be taxable when distributed to the IRA’s owner.  Distributions generally come directly to the charity from the plan administrator and donors must not receive any goods or services in exchange for their contributions. Charities receiving these gifts will acknowledge the transfer from the IRA administrator, but not issue a charitable gift receipt for the tax-free transfer.  Because QCD’s are not taxable income, it has no effect on your AGI and are not eligible for itemized charitable deduction. This is important because itemized deduction phase-outs, exemption phase-outs, Roth contribution eligibility, the net investment income Medicare surtax, Medicare premium costs, the taxability of Social Security income, and some credit phase-outs all factor off your AGI.  Distributions excluded from income are equivalent to a 100% deduction for both federal and most state’s income.  If you would like assistance with your QCD planning, please contact Faith’s Treasurer at Treasurer@faithchurch.net.

A charitable gift can be given to Faith Church through your will or other estate plans. Such a gift can be used to honor the Lord from the financial increase He has given you during your lifetime (Proverbs 3:9-10) and to benefit Faith Church in wonderful ways. This type of gift can also be helpful to appropriately avoid estate taxes. If you choose to include the church in your will or estate plan, please let your attorney know Faith Church’s name and address. Further, please communicate to your attorney that the church is a 501(c )(3) organization incorporated in the state of Ohio, and that our tax identification number is 31-1045355. If you have already included Faith Church in your will, please let us know so that we can say “thank you.” Don’t forget that qualified retirement plans will be considered part of your estate at death, but if handled correctly, they can also be deductible from the estate as charitable gifts. If you would like assistance with your estate planning, please contact Faith’s Treasurer at Treasurer@faithchurch.net.

Many businesses allow their employees to make donations to charitable organizations through payroll deductions, and they will often match the gift dollar for dollar. Inquire with your company’s Human Resources, Matching Gift, or payroll department to see if this is possible. Faith Church is recognized by the I.R.S. as a tax-exempt organization under section 501 (c )(3). Our tax identification number is 31-1045355.