Tax Deductibility

While tax benefits are rarely the primary motivation behind a gift, the opportunity often enables a donor to invest more than would otherwise be possible. Grace Presbyterian Church of Utah is a 501(c )(3) charitable organization, and all gifts are tax deductible to the extent provided by law. However, it is a good idea to discuss options with your legal and tax advisors.

Gifts of Cash or Other Assets

An outright pledge of cash is the simplest method of giving and qualifies for a full charitable deduction. A three-year pledge period has been established for the Grace Investment Campaign, allowing donors to fulfill their pledges in installments. Capital assets, including stocks, bonds, and securities, which have appreciated significantly beyond the original purchase price, can also be contributed to Grace Church, leaving the donor free of tax liability on the capital gains that would be incurred if such assets were sold on the open market.

Corporate and Matching Gifts

Owners of closely held corporations could benefit by making a contribution through the company. This avoids possible corporate and personal income tax. Also many corporations have a matching gift program for 501(c )(3) not for profit organizations such as Grace Church under which the value of an employee’s or director’s (or spouse’s) gift may be multiplied.

When You Plan to Make a Gift

Checks should be made payable to Grace Presbyterian Church of Utah. Please contact Kathryn Kelley at 801.876.3525 or Katnell@earthlink.net to arrange a gift of stock or to discuss gift options.

* All gifts will remain anonymous.