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, 2244 W. 95th Street, Suite 300, Naperville, IL 60564

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, 2244 W. 95th Street, Suite 300, Naperville, IL 60564

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

If you are at least 70 1⁄2, you can make a qualified charitable distribution (QCD) from your IRA to The Compass Church (and any other qualified charities) without adding a penny to your taxable income. If you are 72 or above, the amount you decide to give will typically count toward your required minimum distribution (up to $100,000).

Your gift will:

  • not be included in your taxable income
  • satisfy your required minimum distribution for the year
  • reduce your taxable income, even if you do not itemize deductions
  • 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.

GUIDESTAR - Is the “Yelp” for non-profit research and giving. See our profile

CLICK HERE