In these uncertain times, Westminster is on the front lines of helping each other cope with stress and unease; our mission has never been more important.
Westminster and the entire community are daily living the words of Psalm 27:1, “…The Lord is the strength of my life; of whom shall I be afraid?”
To help Westminster carry out its vital ministry, we invite you to continue your regular support, as you are able. You can make a gift via mail, through your Realm profile, or by texting the word “westgive” to 73256. Gifts to the annual stewardship budget are preferred in order to sustain current operations.
Please don’t hesitate to contact us if you are facing difficulties due to the economic climate.
Suggestions for Giving
Cash
Gifts of cash or checks can be mailed to Westminster. If you would like to make your gift with a credit card or link to a bank account, you can do so online.
Securities/Stock or Mutual Fund Shares
Appreciated stocks or securities may be more beneficial to give than cash. Giving stocks allows for a tax deduction for the current market value without incurring tax on the capital gain. The process is simple: Westminster maintains a brokerage account; the stock is transferred from your broker to that account and is sold when the shares are received. To ensure your gift is acknowledged, follow the instructions (pdf), and notify Margaret Grefig. Westminster’s Federal Tax Identification Number is 41-0695506. Learn more.
IRA (Individual Retirement Account)
If you’re over 70 ½, making a qualified charitable distribution (QCD) from your IRA can be counted toward satisfying your required minimum distributions (RMDs) for the year. Additionally, unlike regular withdrawals from an IRA, the amount donated in a QCD is excluded from taxable income.
To make a qualified charitable distribution (QCD) from your IRA, please ask your financial advisor or IRA administrator to send your gift to the church with attention to Accounting. If possible, contact Margaret or Anna with the dollar amount and the name of the financial institution that will be issuing the check. This will help make sure it is attributed correctly. If you have any questions, please contact Margaret or Anna. Learn more.
CARES Act Special Provisions for 2021
The CARES ACT seeks to alleviate economic hardship that has resulted from the coronavirus pandemic. Several key provisions were extended in late 2020 for 2021 and they might help in your charitable giving, such as higher deduction limits, a $300 deduction for non-itemizers, and changes to the Required Minimum Distribution. Learn more here.
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