"Honor the Lord with your possessions, And with the firstfruits
of all your increase."
At Chewalla Baptist Church our entire church is focused on one
goal: changing lives
one person at a time. The simple fact,
however, is that the church cannot do this without money. And
God has decided that each church is to be funded by those who
are a part of that local church. Simply put: our giving makes
an eternal difference.
Recognizing this, our church wants to highlight ALL of the ways
a person in our church family could make a difference financially.
Here are some creative ways you can maximize what God has blessed
you with to change the world one life at a time.
You Can Give To CBC
Giving back to God does not have to be a stressful process.
Listed here are several easy ways to make giving fit your time
and resources. Some may require assistance from our church. If
you need help, contact Avon Shelton 731-610-8374.
Your Offering To Church
This one is pretty self-explanatory. If you would like to
write a check or give cash during Sunday School, you may bring
it with you to a worship service, place it in the offering envelope
provided in the pew rack, and drop it in an offering plate as
they are passed.
Your Check To The Church Office
Sometimes it is easier to simply mail in your gift like you
would any other bill. Many choose this option by sending their
offering in an envelope to:
Chewalla Baptist Church
718 New Hope Road
Ramer, TN. 38367
Your envelope will be immediately be processed and counted toward
the week's offering (no other staff member will open your envelope).
Of Stocks And Bonds (and avoid capital gains taxes!)
bonds, and mutual funds are great ways to give without incurring
capital gains on appreciated assets. You can transfer your stock
gift from your account directly to the church's account. We will
sell the asset and apply the amount of the sale to your annual
contribution statement. If you have a stock certificate on hand
and want to discuss how to make the transfer, contact our Church
Treasurer Avon Shelton.
Did you know that instead of using your car for a trade-in,
you could donate that car to the church and receive a tax write-off?
This is not only limited to cars, but also includes boats, land,
jewelry, and any other items of value. You donate the item to
the church and the church in turn secures an estimate of value
and issues you a tax-deductible receipt.
A Gift In Your Will
Under current tax laws, unnecessary estate taxes are often
paid by the estates of those who have died. By leaving a portion
of your assets to the church in your will, you not only avoid
losing a large part of your estate to death taxes, but you continue
making a difference in the lives of people long after you have
Legislation Enables Tax-Advantaged Charitable Contributions from
The "Pension Protection Act of 2006" became law
in August 2006. Of potential interest to qualifying Chewalla Baptist
Church donors is one of the charitable giving incentives included
in the bill: For individuals who have reached the age of 70.5
and who have Individual Retirement Accounts, tax-free distributions
to non-profit organizations are now possible for a limited time.
Previously, distributions from IRAs for charitable gifts were
fully taxable at the federal level (except for Roth IRAs and IRAs
funded with nondeductible contributions). Now, in addition to
being tax-free, charitable distributions also count toward the
IRA holders annual Required Minimum Distribution. And since
there is no tax deduction involvedthe distribution is simply
excluded from gross incomeeven those who do not itemize
deductions may participate. Can you take advantage of the "IRA
charitable rollover"? To find out, continue reading...
1. I'm interested. What else do I need to know?
The key points of the legislation are as follows:
You must be at least 70.5 years old.
Gifts must be from your traditional or rollover IRA.
Tax-free charitable gifts from IRAs are allowed only in 2006 and
Charitable distributions from your IRA may not exceed $100,000
Distributions must be made directly from the IRA custodian to
Chewalla Baptist Church.
Distributions must be outright charitable gifts (vs. contributions
to fund gift annuities and other planned giving arrangements,
which do not qualify).
2. Who is most likely to be motivated to make a charitable gift
from an IRA?
Generally speaking, individuals 70.5 and older who are required
to take IRA distributions, but who do not need or want the taxable
income from that source, may find the IRA gift opportunity attractive.
Disclaimer: Please note that we are not giving
tax advice and strongly recommend that each individual seek counsel
from their tax preparer for further clarification.