Giving
Giving at Highpoint Church
Financial giving at Highpoint can generally be divided into two categories: tithes and offerings. The Bible teaches us that we worship the Lord with our tithes, which is 10% of our income contributed to the church on a regular basis. You can learn more about tithes here. When we feel called to give over and above our tithe, we do so as an offering.
Types of Giving
There are multiple ways for you to give at Highpoint. Each method allows for God's work to be done as you are faithful to his calling to give back. For more information about each giving option, see below.
Cash
Cash is the easiest method of giving, and the option that provides the most immediate benefit. Cash may be given as a one-time gift online via electronic check or credit card, or you can establish automatic electronic payments through your bank account. For more information or to give now, click
here.
There are also several alternative forms of giving, as described below. If you are interested in any of these options or would like more information, please contact
Liz Stone.
Appreciated Marketable Securities
Appreciated Marketable Securities are a great way to maximize your giving, because you receive an immediate income tax deduction for the full fair market value of your securities. In addition, you pay no capital gains tax on the difference between your cost and the fair market value.
Life Insurance
A current life insurance policy can be transferred to Highpoint, for which you receive an immediate tax deduction for the cash surrender value. Highpoint will elect one of two options: cash in the policy for immediate ministry needs, or keep it and utilize the death benefit later.
Planned Gifts
If you have planned in advance to give a gift as part of your overall personal financial strategy, either now or in the future, we recommend that you discuss your strategy with your tax and/or financial advisor.
There are several types of gifts that may fall under this category, many of which are very simple to make and do not require any formal communication to us. These include:
- Life Insurance - you can simply name Highpoint as a beneficiary
- Retirement Assets - you can name Highpoint as a beneficiary of your IRA, 401(k), or other qualified retirement plan. Any amount left in your plan will transfer to Highpoint free of income and estate tax.
- Bequests - you can name Highpoint in your will as a beneficiary, and your estate will receive an income tax deduction for the value of the bequest. A bequest written in a will can be made for either a percentage or an amount.
- Charitable Gift Annuity - cash or marketable securities are transferred to a charitable organization in exchange for a current income tax deduction and the organization's promise to make fixed annual payments to you for life.
- Charitable Lead Trust - cash or marketable securities are transferred to a trust, which makes fixed payments to the charitable organization over a specified period of time, then transfers the remaining assets to your heirs.
Other methods
Other options that provide you with immediate tax benefits and allow immediate use for Highpoint ministries are giving business interests and personal assets. We will consider gifts of business interests (closely-held non-marketable securities, oil and gas or mineral royalty interests) or personal property (cars, furniture, works of art, etc.) on a case-by-case basis.
If you are interested in any of these types of giving, please contact
Liz Stone.