Alternative Ways To Give
Donating appreciated stock (held more than one year) makes an excellent gift. You avoid all capital gain taxes and will receive a tax deduction.
Bonds, Mutual Funds
Gifts from Mandatory IRA Distributions.
Anyone at least 70.5 years of age (even if not yet receiving mandatory annual distributions from an IRA) can avoid tax if they donate directly to Katonah Presbyterian. The amount counts towards your RMD, and is not included in your income!
CD’s, Saving Accounts, Brokerage Accounts, Checking Accounts with P.O.D. Provisions (payable upon death)
Bequest Through Your Will
After providing for your family members, you can make a gift bequest of a dollar amount, specific property, a percentage of the estate, or what is left (remainder) to Katonah Presbyterian Church. Consider a tithe of 10% or perhaps a bit more, offered for the glory of God.
Gift of Life Insurance
A simple way to make a significant future gift is to name the church as the beneficiary to receive all (or a portion) of the proceeds of an existing life insurance policy. You will receive a tax deduction for the cash surrender value, thus reducing your tax liability.
Purchase a New Life Insurance Policy
Name the Church as Owner and Beneficiary of a new life insurance policy.
Funds from IRAs or company plans beyond the comfortable support of yourself or loved ones may be given (like life insurance proceeds) to the parish by designating Katonah Presbyterian Church as your official beneficiary.
For assistance with making gifts using any of these methods, please contact Jan in the church office: firstname.lastname@example.org.
*Contact your banking institution for instructions on how to set up an e-check.