First Presbyterian Church Tuscaloosa

GIVING

At First Presbyterian Church, we believe giving is an act of worship, and we contribute cheerfully and regularly to support FPC’s missions and ministries.

However, our gifts do not end with money. Christ asks us to use the gifts we have - our time and talents - for the good of the world around us.

STEP UP STEWARDSHIP 2025

“To whom much is given, much will be asked.”

At First Presbyterian Church we all have been given much - a vibrant community of faith, nurturing relationships, treasured traditions and the promises of faith. And so, much is being asked of us. Every household in our church is asked to Step Up in Stewardship by increasing their giving to FPC in 2025.

STEWARDSHIP LETTER

STEWARDSHIP PLEDGE FORM

FINANCIAL GIFTS

Whatever you can commit will help our Session budget our funds wisely.

You can choose a weekly, monthly, quarterly or annual amount. For more information contact the church office.

Online donations may be made by credit/debit card, PayPal, or Google Pay account.

Qualified Charitable Distribution Form

A tax-wise gift from your individual retirement account (IRA)

A qualified charitable distribution (QCD) is a giving technique that enables donors age 70 ½ or older to transfer up to $105,000 directly from the donor’s IRA (or IRAs) to one or more qualified public charities in 2024. Utilize this tax-savvy giving strategy to support First Presbyterian Church!

Benefits

Benefits for you:

Transfer up to $105,000 in QCDs in 2024.This dollar limit changes annually.
Satisfy some or all of your annual required minimum distribution (RMD) if you are at least 73 years old.
Avoid or defer additional taxable income, which may allow you to avoid a higher tax bracket.
Direct funds which reflect your faith and support your church!

Benefits for FPC:

Apply this unique gift to make an immediate impact or future impact at FPC.
Satisfy your annual commitment to FPC.
Create or add to an existing permanent endowment in your name or in memory of a loved one.

Factors To Consider

Donors must be at least 70 ½ on the date of the QCD gift. Taxpayers generally must begin taking required minimum distributions from IRAs at age 73.
The QCD is available only for gifts from a traditionalIRA and not from any other type of retirement plan such as 401(k), 403(b), 457, Keogh, ESOP, etc.
The QCD may only be used for outright gifts to a qualified public charity like FPC for which the donor receives nothing of value in return for their donation, with one exception: under certain circumstances, a QCD may be used to establish a charitable gift annuity that will make lifetime payments back to the donor and/or the donor’s spouse. But a donor cannot use a QCD, for example, to contribute to a donor-advised fund.
Eligible donors can give up to $105,000 in 2024 from their IRA(s). A couple with separate IRAs can donate up to $105,000 each from their respective IRAs.Different rules apply if a QCD is used to establish a charitable gift annuity.
A QCD transfer is not typically subject to federal income tax, unless made from documented after-tax contributions to the IRA. Some states treat the QCD like a withdrawal for state tax purposes, but this varies from state to state. There is no charitable income tax deduction for the QCD transfer but the QCD amount will be excluded from your taxable income in the year of the transfer.
The gift should be transferred from the IRA directly to FPC. The donor should not accept any distribution of funds intended for a QCD.

Example of how a QCD might be a tax-wise move: A donor who withdraws funds from her traditional IRA directly must typically include the withdrawal amount in her adjusted gross income (AGI). If she then makes a charitable gift to FPC equal to the amount withdrawn, she may receive an offsetting income tax deduction, but the increase in AGI may place her in a higher tax bracket. By contrast, if the donor makes the gift using a QCD, it would not be considered a taxable withdrawal, therefore suppressing the donor’s taxable income and potentially helping her avoid a higher tax bracket.

Another option

Using a QCD to establish a charitable gift annuity: A qualifying taxpayer can transfer funds from an IRA to establish a charitable gift annuity, which would provide a fixed payment to the donor and/or their spouse for their lifetimes. After their lifetimes, the remainder of the gift would be used to support FPC. Requirements and restrictions apply.

How To Get Started

Check with your financial advisor about whether a QCD gift is right for you. If it’s a good fit, your advisor or account administrator can help you initiate the QCD transfer.
Contact FPC's Church Administrator, Jackie Joiner, today to inform us of your gift. Members of the Stewardship Committee are available to work with you and your financial advisors.
Your IRA custodian can send the check.Use the information in the box to the right.

FPC's Tax ID: 63-0389946

Please have your check sent to:

First Presbyterian Church

900 Greensboro Avenue

Tuscaloosa, AL 35401

(205)752-3531

Connect With Us To Get Started

FPC can help you locate charitable planning professionals to work with you and your financial advisors to explore charitable giving strategies that support your financial goals now and in the future.

EMAIL: jjoiner@fpctusc.org

PHONE: (205) 752-3531

WEBSITE: https://fpctusc.org/give