Types of Giving
Cash / check is the easiest method of giving, and the option that provides the most immediate benefit. Cash may be given as a one-time gift online via electronic check or credit card, or you can establish automatic electronic payments through your bank account or credit card.
Other options that provide you with immediate tax benefits and allow immediate use for Victory Church ministries are giving business interests and personal assets. We will consider gifts of business interests (closely-held non-marketable securities, oil and gas or mineral royalty interests) or personal property (cars, furniture, works of art, etc.) on a case-by-case basis.
If you are interested in any of these types of giving, please contact us at office@victorychurch.ws
Planned Gifts
If you have planned in advance to give a gift as part of your overall personal financial strategy, either now or in the future, we recommend that you discuss your strategy with your tax and/or financial advisor.
There are several types of gifts that may fall under this category, many of which are very simple to make and do not require any formal communication to us. These include:
- Life Insurance: You can simply name a Victory Church as a beneficiary.
- Retirement Assets: You can name Victory Church as a beneficiary of your IRA, 401(k) or other qualified retirement plan. Any amounts left in your plan will transfer to Victory Church free of income and estate tax.
- Bequests: You can name Victory Church in your will as a beneficiary, and your estate will receive an income tax deduction for the value of the bequest. A bequest written in a will can be made for either a percentage or an amount.
Other types of planned giving include gifts that may be more long-term in nature. For example:
- Charitable Gift Annuity: Cash or marketable securities are transferred to a charitable organization in exchange for a current income tax deduction and the organization’s promise to make fixed annual payments to you for life.
- Charitable Lead Trust: Cash or marketable securities are transferred to a trust, which makes fixed payments to the charitable organization over a specified period of time, then transfers the remaining assets to your heirs.
"… Isn't it awesome that we cannot outgive God, that he comes through each time, in His time, to meet all of our needs. Thank you Pastor Curt for using God's Word to teach us all valuable lessons in this all too important area in all of our lives."
-- --Jim & Sheila M.
