This e-Give solution is designed to enable you to contribute online and transfer funds electronically. Whether you'd like to give a single gift, schedule ongoing donations or view your giving history, you can do it all online. Please have contributions for the current tax year to the church office before Christmas.
TO GIVE IN MEMORY OF SOMEONE: Click HERE. To read about giving directly from an IRA, please scroll to the information below the giving form.
You may also text-to-give by sending a dollar amount (e.g. $25) to the number 727-513-1799. When giving for the first time, you will find out a short form with your billing information. After the initial setup, simply texting a dollar amount will complete the transaction.
IRA Charitable Rollover - Gifts That Protect Assets
You may make contributions to Clearwater Community Church directly from your IRA and you don’t have to pay taxes on the distribution. Maximize the value of your giving by eliminating taxes on your IRA distributions. An IRA charitable rollover allows individuals aged 70 1/2 and older to make a sizable gift from an individual retirement account (IRA) to Clearwater Community Church and receive significant tax benefits in return. You may give a gift up to $100,000 per year in IRA assets directly to CCC.
Benefits of Giving from an IRA Stewardship.
Requirements of a Qualified Charitable Distribution
Through IRA charitable rollovers, you can make donations to Clearwater Community Church without any federal tax liability, if the gifts are qualified charitable distributions (“QCDs”). Distributions qualify for all or part of an IRA owner’s required minimum distribution (RMD).
How do I make a Qualified Charitable Distribution to CCC?
Contact your IRA plan custodian to request a direct transfer.
Frequently Asked Questions
Do I receive a deduction for my gift?
No. Because the IRA assets haven’t been taxed, no deduction is allowed. To receive the deduction, you would be required to first treat the distribution as taxable income before taking the deduction. In most cases, it is better to not take the distribution as income.
How do I make a gift through an IRA charitable rollover?
Simply contact your IRA plan administrator and inform them you want to make a charitable gift directly from your IRA. They will provide you with the forms required to do so.
Who benefits most from this gift option?
The non-itemizer. Those who normally don’t itemize their deductions can avoid taking the IRA distribution as income and send it directly to Clearwater Community Church. The financially stable. Those in high-income brackets who have large IRAs may want to make a qualified charitable distribution to reduce their income. In addition, they may have income tax savings not otherwise available because of charitable deduction limitations. A QCD up to $100,000 may have the triple benefit of reducing their taxable income, reducing the value in their IRA, and meeting their RMD