Tax-Advantaged Ways of Giving

Tax-Advantaged Ways of Giving



Did you know that the Internal Revenue Code provides a way to support the ministry of Berwyn UMC that may lower the amount of tax you owe? It's true. By carefully structuring your gifts, you can reduce or eliminate substantial portions of your tax liability. Below are just a few ways.

  1. Gifts of appreciated assets such as stock, real estate, and collectibles: When donating an appreciated asset, the item’s current market value is deductible from your taxes. However, the gain on that asset is not taxed. For example, if you purchased stock for $1,000 that has risen to $2,000, it could be gifted to the church, and you receive a charitable deduction of $2,000. If you sold the stock and gave the church $2,000, you still receive the $2,000 deduction, but you will also have to pay a capital gains tax on the $1,000 profit. You avoid capital gains taxes if you give the asset to the church rather than selling it yourself.
  2. For those receiving income from retirement accounts such as IRAs or 401K, or 403B plans, donations from those accounts given directly to the church avoid paying taxes on the withdrawn amount. The amount given even counts toward your RMD— required minimum distribution—without increasing your taxable income.
  3. If your taxes are such that you are close to the threshold for itemized deductions, giving in one tax year may make sense while having the church allocate the donation to a different church year. For example, if your taxes are such that you anticipate being able to itemize this year but not next year, you can donate money in 2022 that you want to apply to the church’s budget.

If you want more information about your donation options, please visit our church website, where you can learn about the various ways to give and initiate the process of making a stock gift. You may also speak to Steve Cherry, our Financial Secretary, or Pastor Kevin. They would be happy to answer any questions you may have.

links Ways to Give

This post was orignally published in the December 2022 of the Lighted Cross. Please use the links below to view the full newsletter.

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The Surprising Message Of Grace In The Story Of Jonah

Published: November 10, 2024

Beyond the Whale: The Real Story of Jonah We've all heard the story of Jonah and the whale. It's a tale that has captivated imaginations for centuries, often reduced to a simple narrative about a man swallowed by a giant fish. But what if I told you that the whale is not the most incredible part of this story? What if there's a message of grace so profound and unexpected that it challenges our very understanding of God's love? The book of Jonah, though only four chapters long, carries a weight far beyond its size. It's a story set against a backdrop of national tragedy and bitter enmity. Imagine a prophet being sent to the heart of Nazi Germany in 1939 to proclaim God's judgment and call for repentance. That's the emotional equivalent of Jonah's mission to Nineveh, the capital of Assyria – a nation that had destroyed Israel's northern kingdom and taken its people into exile. In this context, Jonah's reluctance to go to Nineveh becomes understandable. Was it fear that drove him to flee in the opposite direction? Or was it something darker – a desire to see his enemies destroyed rather than given a chance at redemption? Whatever his reasons, Jonah boards a ship bound for Tarshish, as far from Nineveh as he could get. “But the Lord provided a large fish to swallow up Jonah; and Jonah was in the belly of the fish three days and three nights.” – Jonah 1:17 But here's where the story takes an interesting turn. Even as Jonah flees from God's command, he still identifies himself as a follower of the very God he's disobeying. When a storm threatens to sink the ship, Jonah doesn't hesitate to tell the sailors that his God is responsible. It's a stark reminder of how we often try to compartmentalize our faith, claiming to follow God while actively running from His will. God's Unyielding Grace The sailors, interestingly, show more compassion than the prophet. They try desperately to save the ship without harming Jonah, even after he tells them to throw him overboard. It's a poignant moment that challenges our assumptions about who truly demonstrates godly behavior. When Jonah is finally cast into the sea, God's grace makes its first dramatic appearance. Instead of letting His wayward prophet drown, God sends a great fish to swallow Jonah and carry him to safety. It's a miraculous rescue, but more importantly, it's a powerful illustration of God's unwillingness to give up on us, even when we've given up on Him. After this dramatic intervention, Jonah finally goes to Nineveh. His proclamation of impending judgment is brief – perhaps just ten words – yet its impact is nothing short of revolutionary. The entire city, from the common people to the king himself, repents in sackcloth and ashes. It's one of the most successful prophetic missions in the entire Bible, and it happened through the most reluctant of messengers. “Should I not be concerned about Nineveh, that great city, in which there are more than a hundred and twenty thousand people who cannot tell their right hand from their left?” – Jonah 4:11 But the story doesn't end with this mass conversion. In a twist that reveals the true heart of the narrative, Jonah becomes angry at God's mercy. He sets up a shelter outside the city, seemingly hoping to still see it destroyed. It's a shocking reaction that forces us to confront our own attitudes towards those we consider beyond redemption. Takeaways from Jonah's Story God’s grace is relentless, reaching out even to those we might deem unworthy. We should examine our own hearts for any reluctance or bias that might hinder God’s work through us. God’s mercy challenges our assumptions and invites us to expand our understanding of His love. Every person, regardless of background or past, is within the reach of God's grace. We are called to be bearers of God’s grace, extending compassion even to those we consider "beyond hope." As we go about our lives, may we be mindful of the Ninevehs around us – the people and places that seem too far gone. And may we, unlike Jonah, rejoice when we see God's grace at work, transforming lives and bringing hope where there was none before. The story of Jonah invites us into a grander narrative of redemption. It calls us to turn away from our own limited understanding and step into the boundless grace of God. In doing so, we might just find ourselves part of a story far more amazing than we could ever imagine – a story of grace that changes everything.

Christmas, Love And Wrath

Published: December 20, 2024

Explore the Old Testament scriptures and learn how God's love is proven through his pursuit of justice for the oppressed. Discover how individuals like Noah, Moses, and Ruth were used by God to bring mercy and blessings to others, and how Jesus Christ serves as the ultimate mediator between mankind and God. Reflect on the importance of being available to show God's love to those in need.
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