Support Broadway’s Ministries with a Year-End Gift
As 2022 draws to a close, there is still an opportunity for you to give your tax-deductible gift to support the ministries and mission of Broadway Baptist Church.
Appreciated stock gifts allow your gift to Broadway to be up to 20% larger because you avoid the taxes you would incur from selling the stock and then donating the cash. You can also gift appreciated securities (i.e., stocks, bonds, mutual funds). If you have held on to these for more than one year, you avoid capital gains taxes and claim an income tax deduction for the full market value of the security.
Many Broadway members and friends take advantage of an IRA Qualified Charitable Distribution (QCD). A 2015 federal law passed allowing donors over age 72 the opportunity to make gifts to their church directly from their IRA. This provides two donor benefits:
Excludes the amount of their gift from their taxable personal gross income
Counts toward their IRA’s required minimum distribution
Transfers are limited to $100,000 per taxpayer per year and the transfer must be transmitted directly from your IRA administrator to the church. Some additional limitations may apply.
IMPORTANT: Broadway Baptist Church does not give tax advice. You should contact your tax advisor to obtain information about the effect any of these gifts would have on your taxes.
If you want to make any of these gifts to Broadway Baptist Church, you will need to contact your financial advisor to complete the needed paperwork. You will need this mailing information:
Rachael Moffett, Account Associate
Broadway Baptist Church
305 W. Broadway Avenue
Fort Worth, TX 76104
If you need additional assistance or information, contact Rachael Moffett, Accounting Associate.