Giving Assets

Asset-based gifts may include holdings such as stock, real estate, business interests or other personal property.

When giving stocks or mutual funds…
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.


Giving Marketable Securities (stocks, mutual funds, etc.) Electronic Transfer Details

The Compass Church has an account with Ameritrade.

NAME: The Compass Church (The Compass Evangelical Free Church)
AMERITRADE ACCOUNT NUMBER: 492539104
AMERITRADE PHONE: 800-669-3900
AMERITRADE FAX: 866-468-6268
DTC NUMBER: 0188
TAX ID NUMBER: 36-3256985
MAILING ADDRESS FOR ALL CONTRIBUTIONS: The Compass Church, Attn: Finance Department, 1551 E. Hobson Road, Naperville, IL 60540

If your broker needs any information from us, please have them email our Finance Department at finance@thecompass.net.

In order for us to give you proper credit for your contribution, please notify us with the following information:
NUMBER OF SHARES:
NAME(S) OF THE STOCK(S) OR FUND NAME(S) & SYMBOL(S):
FUND TO WHICH YOU WOULD LIKE YOUR GIFT APPLIED:
___ Ministry, ___ Expansion, ___ Assistance
(All undesignated gifts will go toward our Ministry Fund)

Your gift will be acknowledged on your contribution statement. You are responsible for valuing these gifts following the guidelines of IRS Publication 561. You can find those HERE.

We are so grateful for your generous support of The Compass Church. If you have any further questions for clarification please reach out to us at finance@thecompass.net.

The benefits and process for giving marketable securities (stocks, mutual funds, etc.)
1. Read the instructions.
2. Fill out the appropriate form.
3. Send a copy to your broker to authorize the transfer.
Download The Benefits & Process of Giving Marketable Securities to The Compass Church
HERE
4. Send an electronic copy/scan to finance@thecompass.net
Donor Advised Funds
If you would like to donate from your Donor Advised Fund (DAF), please ask your DAF representative to mail your donation to: The Compass Church, Attn: Finance Department, 1551 E. Hobson Road, Naperville, IL 60540

Also, have your DAF representative include: your name and the fund to which you would like your gift applied:
___ Ministry, ___ Expansion, ___ Assistance
(All undesignated gifts will go toward our Ministry Fund)


Retirement Accounts

Don’t miss the chance to make a charitable IRA gift this year!

Generally, you must begin taking required minimum distributions (RMDs) on any pre-tax retirement accounts (IRA, 401k, 403b, etc.), even if you don’t want or need the required distribution if your birthday is before July 1, 1949. If your birthday is on or after July 1, 1949, your RMD’s begin in the year that you turn 72 years of age. These distributions are taxable at ordinary income rates at whatever tax bracket you are in during that particular year.

Please consider making a charitable rollover gift before December 31. You can make a gift up to $100,000 directly from your IRA to The Compass Church.

Your gift will:
- not be included in your taxable income
- satisfy your required minimum distribution for the year *(NOTE: Required Minimum Distributions (RMDs) are now suspended for 2020 for everyone with IRAs and 401(k)-type accounts (but not defined benefit plans) as a result of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that became law March 27, 2020)
- reduce your taxable income, even if you do not itemize deductions
- not be subject to the 50% limitation on charitable gifts
- help fuel our shared mission at The Compass Church.

For more information about how you and the Church can benefit from an IRA charitable rollover, contact your IRA administrator, tax preparer, or our finance department - finance@thecompass.net.
Download IRA Distributions as Qualified Charitable Distributions (PDF)
HERE


Other

The Compass Church has partnered with National Christian Foundation (NCF) to help process asset-based gifts. The video below helps explain how asset-based giving can be beneficial to a contributing donor.












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