Giving Options
Check or Cash
You can always give by check (made payable to First Baptist Church O’fallon) or cash. You can place your offering in our giving boxes near the rear of the sanctuary, or you can mail your gift to:
First Baptist Church
Attn: Contributions
8750 Veterans Memorial Parkway
O’Fallon MO 63366
If you choose to give cash, please consider placing it in an envelope with your name and mailing address so we can properly account for it and ensure you are eligible to deduct it on your taxes.
Stocks and 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.
- If you would like to give a stock, mutual fund, bond, or marketable security gift, please contact Debbie Francis at dfrancis@firstofallon.com or call the church office at 636-272-4838.
- If you are interested in giving restricted securities, stock options, or matching gifts from your employer, please contact Debbie Francis at dfrancis@firstofallon.com or call the church office at 636-272-4838.
- IRA Qualified Charitable Distributions – If you are over 70-1/2 years old, then you may distribute directly from your IRA to First Baptist 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.
Check out these links for more information:
– National Christian Foundation article
https://www.
– MarketWatch:
https://www.
Crypto Currency
Donate Bitcoin, Ethereum, and other Cryptocurrencies. A secure, convenient, and tax-efficient way to make an impact. Giving Cryptocurrency is one of the most tax-efficient ways to support the church. Since the IRS considers cryptocurrency to be a no cash asset, a direct charitable donation is a non-taxable event. In other words, you avoid paying the capital gains tax you would incur if you sold your cryptocurrency for more than you paid for it. Avoiding the capital gains tax through a direct donation also means that your gift to the church is maximized.
Estate Planning
You may designate First Baptist 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 First Baptist 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. You can also learn more at one of our upcoming Estate Planning Seminars.
- Retirement Accounts – You can name First Baptist 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 FBC. Consult with your financial and/or tax advisor to analyze your particular situation and confirm tax benefits.
Life Insurance
You can simply name First Baptist Church as beneficiary of part or all of your life insurance policy. You can also choose to make FBC the owner of a life insurance policy that is no longer needed. When the FBC 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.
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 contact Debbie Francis at dfrancis@firstofallon.com or call the church office at 636-272-4838.
Auto Bill Pay
Many banks offer their customers the ability to set up a recurring bank draft from your account mailed directly to a recipient (such as First Baptist Church). If interested in this low-cost giving option, please contact your bank to set up a recurring gift to First Baptist Church of O’Fallon as a new payee.