Be Charitable and Contribute to our journey forward!
Fundraising ideas for raising capital prior to starting project
1.) Give cash, check, or simply giving contributions
2.) Donate appreciated assets: Donating property that has appreciated in value, (stock, rental property, raw land held for investment, etc.) can result in a double benefit. Not only can you deduct the fair market value of the property (so long as you've owned it for at least one year), you avoid paying capital gains tax upon the sale of it. Normally, appreciated property is subject to capital gains tax at disposition but there's an exception for donations to charitable organizations.
3.) Donate your required minimum distribution from your IRA: If you are 70½ or older, you can transfer up to $100,000 to charity tax-free each year -- even if that’s more than your RMD. The money counts as your required minimum distribution but isn’t included in your adjusted gross income. Note, you have to wait until you actually turn age 70½ to make the tax-free transfer to charity. You may not take an itemized charitable deduction for the amount donated, as the tax benefit comes as a tax-free distribution.
4.) Be a matching donor: On a monthly basis, for example, a matching donor would volunteer to match (up to a certain amount) the capital campaign gifts donated in that month.
5.) “Purchase” rooms for new building, items in new rooms, items for new building etc.: Items will be offered for “purchase” or donation such as the “nursery” or “choir room”, or the “projectors” or “appliances” and a cost will be put on each room, or item. The donor would be recognized as donating that room with a plaque in the room, for example.
6.) Help with fundraising events such as a silent and live auction, a taste of the town event, or a benefit concert: Events provide many ways our congregation members can get involved in helping with raising money without having to give money – they can give talents and time to help put on these events. These types of events bring in funds from outside of the congregation (from the community) as well.
7.) 10-year pledges: Upon completion of the project, 10-year pledges will be necessary for debt service on the building loan.