WAYS TO GIVE
There are a number of different ways you can financially support Fellowship. These include, but are not limited to cash, checks, credit or debit card, securities, land, homes, items of value including automobiles, jewelry, collectables and other items of value.
Please view gift options below. If you need additional information about making an unusual gift or want to discuss any of the options below, please contact Greg Seay in the Generosity office at 479-659-3642.
WAYS TO GIVE TO FELLOWSHIP
Cash & Checks
Cash and checks are the most common way donations are received by the church. Fellowship sends out yearly statements to ensure we are properly recording any gifts you have given.
Electronic Funds Transfer or Online Giving
If you are interested in giving a one-time gift or setting up reoccurring offerings (weekly, monthly, etc.), sign in to myAccount.
Churches can benefit from life insurance policies. If the original purpose for a life insurance policy no longer exists, a donor can make Fellowship the beneficiary of the policy or a donor can give the premium to Fellowship for a tax deduction on a policy that the church would own and be the beneficiary. The deduction can be taken immediately and the amount of the contribution is typically the replacement value or cost basis of the policy.
Stocks and Mutual Funds
It is possible to transfer stocks and mutual funds directly to Fellowship. If this is done with securities that have been held for more than one year, the donor will be able to deduct the full fair market value of the securities and avoid paying any capital gain tax. If, however, the securities are sold first and then the proceeds are given to the church, the donor will still have to pay capital gain taxes to the I.R.S. Planning in this area can help you take full advantage of the tax benefits allowed by the government.
Please contact Greg Seay at 479-659-3642 to discuss how to easily transfer stocks and mutual funds from your account to Fellowship's account for the best tax advantage.
Click here for instructions on making broker held stock gifts to Fellowship!
Wills Bequests & Estate Planning
A charitable gift can be given to Fellowship through your will or other estate plans. Such a gift can be used to honor the Lord from the financial increase He has given you during your lifetime (Proverbs 3:9,10) and to benefit Fellowship in wonderful ways. This type of gift can also be helpful to appropriately avoid estate taxes. If you choose to include the church in your will or estate plan, please let your attorney know Fellowship's name and address. Further, please communicate to your attorney that the church is a 501(c)(3) organization incorporated in the state of Arkansas, and that our tax identification number is 71-0605274. If you have already included Fellowship in your will, please let us know so that we can say "thank you." Don't forget that qualified retirement plans will be considered part of your estate at death, but if handled correctly, they can also be deductible from the estate as charitable gifts.
If you would like assistance with your estate planning, please contact Greg Seay.
Personal Property (Gifts-In-Kind)
Over the years, Fellowship has been given automobiles, computers, office furniture, furniture/furnishings, and more. We gratefully accept all gifts-in-kind that we can truly use, or we try to direct donors to other ministries that have specific needs. Gifts-in-kind can be a little more complicated due to I.R.S. regulations, but we will be happy to help you with the process.
Please email the Finance Department or call 479-659-3642 to discuss any possible gift-in-kind donations. We will determine if and how we can use the items and how we will get the items.
In general, gifts of real estate have the same tax benefits as giving appreciated securities. If the property has been held for more than one year, the donor can typically take an income tax deduction for the full fair market value and avoid capital gain tax on the appreciated portion of the property. It is also possible that other benefits can include savings in estate taxes and avoiding probate.
Please contact Greg Seay at 479-659-3642 on how to transfer real estate from your account to the church's account for the best tax advantage.
Many businesses allow their employees to make donations to charitable organizations through payroll deductions, and they will often match the gift dollar for dollar. Inquire with your company's Human Resources, Matching Gift, or payroll department to see if this is possible. Fellowship is recognized by the I.R.S. as a tax-exempt organization under section 501 (c )(3). Our identification number is 71-0605274.
Charitable gift annuities can be set up where the donor receives an immediate tax deduction on irrevocable gifts to Fellowship, but will also receive fixed income payments from their gift for the rest of their life.
Some individuals like to make special year-end gifts. Because all gifts to Fellowship are subject to I.R.S. deadlines, please remember that all year-end gifts must be received in the church office before midnight on December 31, or must be postmarked before the end of December to be deducted in the present tax year. Any gifts received after December 31 and not postmarked in December will be included in the next tax year.
The date written on a check will not determine in which tax year a gift is included. Only the actual date of receipt by the church or the postmark will establish the correct tax year for the I.R.S. (Special rules apply to credit cards and electronic fund transfers at year-end.)
MORE ABOUT GIVING
Our church is financially dependent on God's provisions. These provisions primarily come through the generous and faithful gifts from the people of Fellowship Bible Church of Northwest Arkansas.
The Elder Board is responsible for the church budget and a finance team of staff members (under the leadership of the Directional Leader) oversees the proper use of our church's finances. Fellowship Bible Church of NWA is also a member of ECFA, The Evangelical Council of Financial Accountability. This membership is important, providing an extra layer of financial accountability.
Giving Reports: Giving statements are sent out yearly to everyone who makes financial gifts totaling over $250. If you need to find out how much you've given, sign in to your myAccount and locate the Giving History tab.
Designated Giving: Designated giving is welcome in our church for approved items. Special gifts can be designated for approved building projects, endowment, capital improvements, benevolence needs or mission trips within our church. The finance team and/or the Elder Board make all decisions on the receipt of a designated gift.