Give
Your Generosity Fuels the Mission!
Your giving enables us to provide resources needed to grow our current ministries, bless our community, and increase our role in church planting both here and around the world.
Non-Cash Giving
Estate Planning
You may designate Harbor City Church to receive all or a portion of your estate after your lifetime. This type of giving may be accomplished through:
Will or Trust
You can name Harbor City Church in your will or trust as a beneficiary, and your estate may receive an income tax deduction for the value of your bequest. Consult with your estate planning attorney and your financial and/or tax advisor to analyze your particular situation and confirm benefits. If you have questions, please reach out to philip@harborcitychs.com.
Retirement Accounts
You can name Harbor City Church as a beneficiary of your IRA, 401(k), or other qualified retirement plans. Any amounts remaining in your plan, free of income and estate tax, will transfer to Harbor City Church. Consult with your financial and/or tax advisor to analyze your particular situation and confirm tax benefits.
Life Insurance
You can simply name Harbor City Church as beneficiary of part or all of your life insurance policy. You can also choose to make Harbor City Church the owner of a life insurance policy that is no longer needed. When Harbor City Church is made owner, you may receive a tax deduction for the amount of premiums you continue paying each year. If the policy is whole life, you may receive an immediate tax deduction for the cash value amount. Consult with your financial and/or tax advisor to analyze your particular situation and confirm tax benefits.
Stocks & Mutual Funds
Giving appreciated stocks and mutual funds is a great way to maximize your giving because you receive an immediate income tax deduction for the full fair market value of securities you transfer that you’ve held for at least one year. In addition, you pay no capital gains tax on the difference between your cost and the fair market value. Consult with your financial and/or tax advisor to analyze your particular situation and confirm tax benefits.
How to Give
- To improve efficiency, Harbor City Church has partnered with the National Christian Foundation (NCF) to process gifts of marketable securities, such as stocks, mutual funds, or bonds, directly.
- If you’d like to give a stock, mutual fund, bond, or marketable security gift, please reach out to philip@harborcitychs.com.
- If you are interested in giving restricted securities, stock options, or matching gifts from your employer, please reach out to philip@harborcitychs.com.
IRA Qualified Charitable Distributions
If you are over 70½ years old, then you may distribute directly from your IRA to Harbor City Church up to $100,000 and exclude the contributed amount from your gross income for tax purposes. This amount can be counted towards the IRA’s annual required minimum distribution. Consult with your financial and/or tax advisor to analyze your particular situation and confirm tax benefits.
Here are a few articles that explain the process:
Real Estate or Non-Cash Assets
If you’d like to discuss a possible gift of real estate, a trust or retirement account, credit card rewards points or airline miles, or another unique gift, please reach out to philip@harborcitychs.com.
Cost of Gift
The chart below shows the processing fee associated with each method of giving. All gifts are tax deductible.
Electronic Bank Transfer
30
¢
Per Transaction
Debit
2.15
%
Per Transaction
Credit
2.15
%
Per Transaction
Credit
2.15
%
Per Transaction
Automated Giving
Automated Recurring Giving through the online portal is an easy way to stay consistent with generosity throughout the year. It’s also a blessing to the church as we budget for ministry every month. Giving this way is very easy to set up and can be changed at any time by logging into the online portal.