Opportunities to Give
Other Ways to Give
When we truly understand that everything we have is a gift from God, we will become generous people. We believe that everything we have belongs to God and that he has entrusted us to be good stewards. Whether it is in the form of finances, resources, service or time, it is a believer’s responsibility to give back to the Lord.
We believe that the decision to give to the church is more than a financial decision — it is first and foremost a spiritual decision. That’s one reason why we offering a variety of ways for you to practice generosity on a regular basis.
Online Giving
There are several ways to give online, such as automatic withdrawal from checking or savings accounts, debit cards and credit cards. Giving from your checking or savings account (ACH) is the preferred method as it avoids credit card processing fees. If you would like more information about the ACH Program please call the Church Office (502.454.3378) or email us at Office@OrthodoxFL.com.
To use a credit/debit card, PayPal or Venmo Account, click a Donate now button above. Our PayPal ID is office@orthodoxfl.com and our Venmo ID is @OrthodoxFL
Cash or Check
Simply place cash or checks (made payable to St Philip Orthodox Church) in one of our offering plates that are passed during the Sunday Liturgy. If you desire to mail it in, you may send it to St Philip Orthodox Church, 4870 Griffin Rd, Davie, FL 33314. Be sure to indicate on the check if the funds are for the general fund or a different fund.
Stock
Giving stock you have owned more than one year, and which has gone up in value, may provide a double tax benefit. The increase in value is called appreciation and can result in capital gain income tax when the stock is sold. The amount taxable is typically the sale price less than your basis, which usually is what you paid for it. In other words, if you paid $1,000 for 100 shares of stock, and later sold it for $3,000, you would pay tax on the $2,000 increase in value. However, making a charitable gift of the stock can avoid the long-term capital gain income tax.
Additionally, the amount you can deduct on your income tax return is the entire fair market value of the stock at the time of the gift, up to 30% of your adjusted gross income of the year. The five-year carry forward of any unused deduction also applies. In the above example, the tax deduction would be $3,000, the value of the stock, rather than $1,000, the amount paid. This is in addition to avoiding the capital gain income tax.
If you are interested in donating stock, please contact Pam Black (pjblack2@gmail.com ) for more information. You should also consult your tax advisor to be sure it makes sense for you.
Estate Planning
As a matter of stewardship, we encourage you to have a will or revocable living trust. Planning your estate allows your desires to be carried out when this life ends. It is one of those things that must be done to have your “house in order”. Planning is not just for the terminally ill or the elderly because life and health are unpredictable.
Consider a generous gift that will recognize the importance of St Philip’s ministries and provide funds for the Kingdom of God. Your will or trust can be a final statement and testimony of faith. A legacy of generosity truly recognizes “every good and perfect gift is from above, coming down from the Father lights” (James 1:17).
The most common ways are through life insurance policies and retirement accounts such as IRA’s or 401(k)’s. Your tax advisor will be able to help you properly set things up.