MANY AVENUES FOR

FOR OVER 70 YEARS, Gloria Dei has been known for its generosity, spirit of abundance, and cutting edge ministry. Our creative and joy-filled community continues to make a difference here in Rochester and far beyond. This work takes an entire community of people sharing our gifts and reaching out. With an exciting new programming year and building improvement projects on the horizon, we have much to look forward to as we live our mission of welcome and love of neighbor.   

Through many generous gifts, friends and members of Gloria Dei make this ministry possible. Those gifts come from a variety of funding sources.

GENEROSITY

GIFTS FROM INCOME

Many provide support for the work of Gloria Dei by sharing a portion of their ongoing income. This is the most common way of giving to non-profit organizations of all sorts, including congregations. Some calculate a percentage of their income while others determine a simple dollar amount. Still others give gifts to specific appeals as they feel moved.

REQUIRED MINIMUM DISTRIBUTION (RMD)

Those who are 73 years or older (and have a retirement plan) are required by the IRS to take an RMD. Many find that donating their RMD (all or a portion) has significant tax advantages. The key is to have your administrator give it directly to the church and not have you take possession of the distribution. This allows you to avoid paying income tax on the money although you cannot deduct it as a charitable gift.

GIFTS FROM ASSETS

Many from Gloria Dei provide gifts from their assets. While some designate these gifts for Gloria Dei’s ongoing ministry, gifts from assets often allow families to give significant, one-time gifts to make a specific project possible. Gifts from assets can include savings, CDs, stocks, IRAs, or mutual funds. Appreciated stock/mutual funds can be gifted to avoid paying capital gains taxes. Contact the church office to transfer the asset directly to Gloria Dei. If it has appreciated in value, don’t sell it yourself (if it has a loss you likely should sell it yourself, but be sure to contact your financial advisor).

QUALIFIED CHARITABLE DISTRIBUTION (QCD)

Those who are 70.5 years old or older can gift up to $105,000 per year from a traditional IRA. This gift can also count as your Required Minimum Distribution after you turn 73. As with the RMD, talk to your administrator to give it directly to the church. It also allows you to avoid paying income tax on the money although you cannot deduct it as a charitable gift.

PLANNED GIFTS

For many families, the largest gift they will ever give comes through their estate. Gloria Dei has a history of these gifts making a significant impact on our ministry. These gifts come in a variety of forms. Some name the congregation in their will, while others list Gloria Dei as the beneficiary of an IRA or life insurance policy.

Questions?

Contact Shiloy Baldwin

shiloyb@gloria-dei.com

507-289-1841