Giving at CPC

STOCKS

Please consult your financial and legal advisor to determine the benefits of giving long-term (more than 12 months) appreciated stock to the church. There may be a significant savings for the donor who avoids paying capital gains tax while still receiving the charitable income tax deduction for the full fair market value of appreciated assets (including the profit). Stock donated to the church will immediately be sold to fund ministry needs.

Contact our Finance Team or call 831-624-3878 to obtain the necessary transfer information including account number and DTC routing number. Please allow 1-2 weeks to complete the transfer and be sure to let us know who is donating the stock so we can properly record your contribution. Thank you.

Retirement Account - Required Minimum Distribution (RMD)

For those who have reached age 73, the IRS requires you to start withdrawing from - and paying taxes on - most types of tax-advantaged retirement accounts on an annual basis. If you are an eligible account holder you may be able to avoid paying taxes on the RMD by donating this mandatory withdrawal directly to CPC, an option known as a Qualified Charitable Distribution (QCD). 

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You will not receive a charitable contribution credit from the church, but in many cases, it is more advantageous than personally taking the withdrawal and then donating it because it satisfies your RMD, without incurring the taxes that normally accompany a withdrawal. If interested, please consult your financial and legal advisor to learn more about this strategy.

Crypto

You may also give via CRYPTO currency. Click the Donate button below.