When you give to Hinsdale Covenant Church, you are investing in the ministries
God has called us to in this community and in the world.
ONLINE & TEXT GIVING
Did you know our church offers online giving and text-to-give? They’re easy to use and secure! You can give a gift of support online using the link below or give via text message by texting the amount you would like to give to (630) 716-9208. First time givers will be prompted to provide their payment method via a secure web page.
CHECK OR CASH
You can always give by cash or check. Place cash or checks in the offering plate during worship services or mail your gift to the church. If designating for a specific fund, please write it on the memo line. Numbered offering envelopes are available in the church office.
Mail to: Hinsdale Covenant Church, 412 S. Garfield St., Hinsdale, IL 60521
STOCK OR MUTUAL FUND DONATION
You will receive a tax deduction for the fair market value of your securities at the time of donation, and you will pay no capital gains tax on the difference between your cost and the fair market value. Covenant Trust Company assists us in processing donations of stock or mutual funds. Please contact Mike Magnusson at mkmagnusson @ covenanttrust.com for assistance.
QUALIFIED CHARITABLE DISTRIBUTION
For those who are age 70 ½ or older, you are able to make distributions from your IRA accounts directly to a qualified charity on a tax-free basis! The annual limit is $100,000 per person. And, these Qualified Charitable Distributions will offset your IRS imposed Required Minimum Distribution from your IRA accounts.
DONOR ADVISED FUND
This tax efficient strategy allows you to contribute a lump sum of cash and/or appreciated assets to the Donor Advised Fund in any calendar year. You are then able to take a current-year tax deduction for the full amount contributed (certain limits apply). Distributions are then made from the DAF to eligible 501(c)(3) tax-exempt charitable organizations over the subsequent 2, 3, 4 or more years until the balance has been fully paid out. This allows you to benefit from a higher itemized deduction in the current year, and then qualify for the standard deduction on your tax return during the years when charitable distributions are made from the Donor Advised Fund. This strategy is valuable during years of high income and lump sum assets are available to fund the Donor Advised Fund (sale of business, inheritance).