HOW MUCH DO I GIVE?
Many times we tend to look at the size of the gift or the goodness of the cause. But Jesus measured generosity by a different standard: the condition of the giver’s heart. The biblical model is the first 10 percent of your income, which was modeled for us in the Old Testament. Some may want to start with more or less, but it's often best to begin with a set percentage on a regular basis. Key things to do before giving:
- Ask God for direction.
- Choose a percentage and commit to it.
- Remember everything you have belongs to God—the act of giving is simply offering back to God what is already His.
WHAT IS THE BEST WAY TO GIVE?
CAN I DESIGNATE MY GIVING TO A SPECIFIC MINISTRY OR FUND?
Yes, you can designate your gift to a specific ministry or fund. Almost all ministries and activities are funded through our general fund. All tithes and offerings are placed in our general fund unless specifically designated for another fund. The church staff and official church board carefully consider how our funds will be distributed among our ministries in a way that keeps our mission and most important values at the forefront.
WHAT ARE THE POSSIBLE ADVANTAGES OF A STOCK DONATION?
Gifts of appropriate property (i.e., stocks, bonds and mutual funds) that have increased in value since you have owned them can result in extra tax savings, which allows your money to go further for ministry. If you have held such assets for longer than a year, you can give them to Crossroads and deduct the entire market value from your taxable income. In addition to regular tax savings, capital gains tax is not due on assets given to charity.
If the stock has depreciated in value from its base purchase value, the best step is to sell it, deduct the loss on your taxes and make a tax-deductible, charitable donation of the proceeds.
To discuss or initiate a gift of this type, please contact the Crossroads Financial Office at 860-895-1231 ext. 611 and we will be happy to help.
WHEN DO I RECEIVE MY GIVING STATEMENT?
Everyone who gives to Crossroads will receive a giving statement in January for the previous calendar year. If you give online, you can login and view your giving history anytime.
WHAT IF I HAVE QUESTIONS THAT ARE NOT ANSWERED HERE?
We're here to help! Contact us at