Consider a gift to the St. Peter’s Endowment Fund this year by Dec. 17. If you have not taken your IRA minimum distribution, this would be a good fund to consider. It’s tax deductible These funds, which are invested, will help assure financial security for St Peter’s for years to come. Money from the fund can be used for the future maintenance of the buildings in the future and also for outreach projects that the church may take on. On your check, just designate the “Endowment Fund” in the memo line.
Giving to the Endowment Fund also offers some tax advantages. You can donate stock which is sold by the church with the proceeds going into the Endowment Fund. There are no capital gains for you and you can get a deduction for the appreciated value of the stock. Supporting St Peter’s in this way can increase your tax deduction and not your tax bill.
You can also go further and add a percentage of your estate which is taken off the total estate when computing estate tax.
For details consult one of the trustees, Johnny Davis, Ken Pogue or Ben Hicks.