Don’t Forget the Matching Funds Challenge!
Thanks to an anonymous donor, your contribution to GHM could be doubled this holiday season. Time is running out and we are approaching the dollar amount limit, so don’t hesitate to donate now to take advantage of this challenge!
We’d also like to take this opportunity to thank all of our donors and volunteers for their support this year. Every prayer, every penny, and every minute you have given to us has been appreciated by us and blessed by God.
It’s Almost Time to Turn the Page
As 2016 draws to a close, GHM wants to remind our donors the IRS considers charitable donations to be made on the date they are delivered. While that date can be different based on the type of donation made, it’s really best if it’s in by year-end. Thank you for all you’ve donated thus far this year!
Other Types of Donations
If you want to contribute investment securities (and we love it when you do), the donation becomes deductible as soon as it is no longer in the donor’s control. For example, the ECFA says if you wanted to donate as stock certificate you had in your possession, putting it in the mail with a proper documentation (consult your accountant or tax specialist for details) would be relinquishing control, so the postmark would prove when the donation was delivered. For stocks being transferred by a broker or bank, the gift is not deductible until the transfer is reflected on the books of the corporation.
For real estate and other real property the deed must be recorded for the donation to be considered delivered. For any other type of donation, you should check with your accountant or tax specialist. In fact, all the information from this article has been taken from the ECFA site, strictly for the purpose of reminding you of the technicalities involved in taking a charitable donation as a deduction. Please do not rely on it to protect you from the IRS.
Share the Overflowing Joy
You can partner with Global Heart Ministries to fulfill The Great Commission in this generation. Together we can bring the light and the truth of Jesus Christ right into the living rooms of every deceived child, every oppressed woman, and every hurting home. This is our message. This is our call.
We invite you to explore this vision and consider being a volunteer, a prayer warrior, or a financial donor. Contact us today by phone or email. Let us know how you’d like to partner with us as we reach out to the most unreached regions of the world.