As we approach the end of 2024, we’re reminded of the powerful impact of your generosity. ELCA members and supporters such as you have the unique opportunity to make a meaningful difference through year-end giving options that are both impactful and tax-advantaged. In this issue of “Insights,” we’re excited to share a range of ways you can support the work that matters most to you.
Whether you’re considering IRA distributions, gifts of appreciated assets or other avenues, there’s an option to help you make the most of your giving while maximizing tax benefits. As your regional representative with the ELCA Foundation, I’m here to help you explore each of these options, answer your questions and support you in making a gift that best aligns with your goals.
Thank you for your commitment! I look forward to our working together as you plan your year-end gift.
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| SMART WAYS TO GIVE BEFORE 2024 ENDS |
| The end of the year is the perfect time for a charitable gift that makes an impact and reduces your taxes. Whether through cash gifts, appreciated securities, IRA contributions or a gift annuity, you have powerful options to support ELCA ministries and benefit financially. Don’t miss key deadlines — learn how you can give wisely and finish 2024 on a high note. |
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| GOOD NEWS FOR 2025 GIVING |
Starting January 1, 2025, Qualified Charitable Distribution (QCD) limits are increasing, giving you even more flexibility to support the ELCA ministries that are nearest to your heart.
Here’s what’s new:
- The annual QCD limit rises from $105,000 to $108,000, allowing individuals aged 70½ and older to donate directly from their IRA while enjoying significant tax benefits.
- The one-time QCD limit for gifts made to establish split-interest gifts, such as charitable remainder trusts or charitable gift annuities, increases from $53,000 to $54,000.
These adjustments open the door for even greater impact while maintaining the tax advantages you value. If you’ve been considering a gift, 2025 is the perfect year to make a difference. |
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| CONSIDERING A YEAR-END GIFT OF STOCK? NOW IS THE TIME TO ACT |
When you donate appreciated securities or mutual funds in support of an ELCA ministry, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Keep in mind that if the securities are electronically transferred to us, the gift date is the day the securities enter our acount — not the date you request the transfer. If you’re considering such a gift as part of your year-end giving plans, now is a great time to get started. Visit the link below to learn more and calculate your benefits, and reach out to us with any questions. |
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| Note for current donors: In early 2025, the ELCA Foundation will update its procedures for processing stock gifts. Please contact us directly to receive updated instructions if you’re considering a stock gift in the future. |
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| AVOID THESE ERRORS WHEN YOU GIVE |
| Make the most of your giving by avoiding common mistakes like discarding receipts or missing out on tax-saving opportunities. See how planning ahead, focusing your support and communicating your intentions can help you ensure that your legacy is honored. |
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I'M HERE TO HELP
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| MORE INFORMATION |
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| Designed specifically for congregations, synods, seminaries and other affiliates of the ELCA, the Ministry Growth Fund is a long-term, stable and socially responsible endowment fund that provides distributions to grow ministry, now and well into the future. Individuals may participate in the fund by opening a named endowment or donor-advised fund. Learn more.
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800-638-3522 |
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