Planned Giving

Donating appreciated stocks and mutual funds to Central Church can provide a double tax benefit. You may receive a charitable deduction for the full market value of the securities and avoid paying capital gains tax on the appreciation.

How to Give:

• Contact your financial advisor to transfer the securities to Central Church.
• Notify us of your intention to donate so we can provide the necessary instructions and acknowledge your generous gift.

If you are 70½ years old or older, you can donate up to $100,000 annually from your IRA directly to Central Church without having to pay income taxes on the distribution. This can satisfy all or part of your required minimum distribution (RMD).

How to Give:

• Instruct your IRA custodian to make a distribution directly to Central Church.
• Inform us of your gift so we can properly acknowledge your contribution.

Donor Advised Funds allow you to make a charitable contribution, receive an immediate tax deduction, and then recommend grants to Central Church over time.

How to Give:

• Set up a DAF with your financial institution or community foundation.
• Recommend Central Church as a grant recipient.

Donating agricultural assets such as crops, livestock, or farmland can provide significant support to Central Church while offering potential tax benefits.

• Crops: Donate a portion of your harvested crops. The donation can be arranged by transferring ownership before the sale. This way, you can avoid recognizing the income from the sale while still receiving a charitable deduction.
• Livestock: Donate livestock by transferring ownership to Central Church. Similar to crops, this method can help you avoid recognizing the income while providing a deduction for the fair market value.
• Farmland: Consider donating farmland outright, creating a charitable remainder trust, or giving a remainder interest in your farmland while retaining the right to use it during your lifetime.

How to Give:

• Consult with your financial advisor to determine the best method for donating agricultural assets.
• Contact us to discuss your intentions and to receive further guidance on the process.

Small businesses can support Central Church through charitable donations, leveraging both business and tax advantages. There are several ways a business can give charitably:

• Cash Donations: Make a direct financial contribution to Central Church. This can provide a straightforward way to support our mission while benefiting from a tax deduction.
• In-Kind Donations: Donate goods or services produced by your business. This can be a great way to contribute if cash flow is limited.
• Percentage of Sales: Pledge a percentage of your business’s sales over a specific period to Central Church. This can enhance your business’s community involvement and customer engagement.

How to Give:

• Contact us to discuss the best way for your business to contribute.
• Ensure proper documentation for tax purposes.

Central Church accepts donations of other assets such as vehicles, artwork, jewelry, and collectibles, subject to our Foundation’s gift acceptance policy. These gifts can provide you with a charitable deduction based on the appraised value and can significantly support our mission.

How to Give:

• Vehicles: Contact us to arrange for a vehicle pick-up. Provide the necessary paperwork, and we will handle the rest.
• Artwork, Jewelry, and Collectibles: Obtain an independent appraisal of the item’s value. Contact us to discuss the potential donation and arrange for the transfer.

Including Central Church in your estate plans is a powerful way to leave a lasting legacy. You can designate a portion of your estate to Central Church through your will or trust, ensuring that your values and faith continue to make an impact.

How to Give:

• Bequests: Include a bequest to Central Church in your will or living trust. You can specify a dollar amount, a percentage of your estate, or particular assets.
• Charitable Remainder Trusts: Establish a charitable remainder trust to provide income to yourself or your beneficiaries for life or a term of years, with the remainder going to Central Church.
• Charitable Lead Trusts: Create a charitable lead trust that provides income to Central Church for a term of years, with the remainder going to your heirs.

Sample Bequest Language: “I hereby give, devise, and bequeath [specific amount, percentage of estate, or specific assets] to Central Church, located at 3102 W. Ralph Rogers Rd, Sioux Falls, SD 57108, for its general use and purposes.”

Naming Central Church as a beneficiary of your life insurance policy or retirement accounts is a simple way to make a significant future gift without affecting your current financial situation.

• Life Insurance: You can either transfer ownership of an existing policy to Central Church or name Central Church as the beneficiary of a new or existing policy.
• Retirement Accounts: Designate Central Church as a beneficiary of your IRA, 401(k), or other retirement accounts. This can potentially reduce estate and income taxes for your heirs.

How to Give:

• Contact your insurance company or retirement plan administrator to update your beneficiary designation forms.
• Notify us of your plans so we can acknowledge your future gift.