Finances .. Ways to Give

There are a number of different ways you can support our ministry with financial gifts, some of which are detailed below for your convenience. Please call the church office for additional information.

Please contact our Financial Secretary, Steve Hansen, for more information about giving to Calvary.

 

  • Online Giving
  • Text-to-Give
  • Cash & Checks
  • Stock & Mutual Funds
  • Real Estate
  • Personal Property

That we should give back to God a portion of our resources has never changed.  How we give that portion back to God changes over time.  At the time of Jesus, people dropped money into a box as they entered the temple. Your parents probably dropped a check into an offering plate or bag passed down the pews.  Your children may swipe a debit card through a card reader in a lobby kiosk.  The principle of giving back to God never changes.  The methods do.

give nowOne method used by many today is online giving.  Online giving allows you to make an immediate contribution, schedule a single contribution, or schedule regular contributions from your checking or savings account.  You will also be able to view your giving history.
 

To give online, press the Login button, after entering your login information, you will be redirected to the "Giving" area of our infellowship application.  If you are a first time user, select "Sign up!" and follow the instructions.  This infellowship email userid and password is also what you should use to login to the calvary website directly to access the "My Account" area of the site. Please email giving@calvaryefc.org if you have questions.

Thank you for supporting Calvary Evangelical Free Church's ministry with your financial gifts.

For instructions on how to edit your online giving information go to:

Directions for scheduling online giving

 

text2givelogo copyCalvary is introducing a new quick, simple and secure way to give via a text message. Giving via text can be done during our Calvary Worship offering time or any other convenient time.

How does it work?

text-to-give-hand

  1. Text to: 28950

  2. Send Message:  cefc plus donation, for example: cefc 100

  3. Click link and follow prompts to register (First time only!)

 That is it!  Next time only complete steps 1 and 2.

For more information goto our Text-to-Give FAQs

Cash and checks are the most common way donations are received by the church. In fact, the church financial secretary processes over 8,000 donations every year. Gifts may be placed in the offering plate, dropped in the mail slot in the office, or mailed to the church Attn: Financial Secretary.

Year end giving statements will be mailed in January for all gifts received the prior year. These statements will be provided for all identifiable gifts, whether contributed in an offering envelope, via check, or in some other form (see other types below).

Because some donors wish to give cash and receive confirmation of all of their gifts, the church provides numbered giving envelopes. In addition to gifts received by check or otherwise identified, any gifts received by the church in these giving envelopes will be tracked and a statement produced by the church for the donor. If you would like to sign up to use giving envelopes, please call the office at 507-282-4612 or stop by the information booth.

It is possible to transfer stocks and mutual funds directly to the church. If this is done with securities that have been held for more than one year, the donor will be able to deduct the full fair market value of the securities and avoid paying any capital gain. If, however, the securities are sold first and then the proceeds are given to the church, the donor will still have to pay capital gain taxes to the I.R.S. A little planning in this area can help you take full advantage of the tax benefits allowed by the government.

Here are some details which may help. If additional help is needed, please contact Bob Barnhart, Dick Bjerkaas or the church office.

Calvary Evangelical Free Church has a brokerage account at Stifel Nicolaus. Some brokerage accounts allow securities to be directly transferred using a 'Charitable Gift Letter of Authorization' or similar form. Here is information needed to fill out a typical form:

  • To Account: Calvary Evangelical Free Church
  • Social Security Number: (leave blank)
  • Address: 5500 25th Ave NW, Rochester, MN 55901
  • Contact Person: Michelle Backholm
  • At: Stifel Nicolaus, 102 S Broadway, Suite 300, Rochester, MN 55904; Phone: (507) 288-9622
  • DTC number: 0793
  • Account number: 2361-8562

It would be good to contact Michelle to let her know a transfer is expected. It would also be good to communicate to her any special directions for use of the proceeds; she will then communicate that to the church.

For other questions or requests, please contact one of the above. In particular if you wish to donate securities for which you have hardcopy certificates, special instructions will smooth the transaction.

In general, gifts of real estate have the same tax benefits as giving appreciated securities. If the property has been held for more than one year, the donor can typically take an income tax deduction for the full fair market value and avoid capital gain tax on the appreciated portion of the property. It is also possible that other benefits can include savings in estate taxes and avoiding probate.

Every year the church is given books, and more. We gratefully accept all gifts-in-kind that we can truly use, or we try to direct donors to other ministries that have specific needs. Gifts-in-kind can be a little more complicated due to I.R.S. regulations, but we will be happy to help you with the process. Please arrange all gifts-in-kind with the office before dropping off any tangible property.

Year End Deadlines

Because all gifts to the church are subject to I.R.S. deadlines, please remember the following when you give at year-end. All gifts must be received by the church before midnight on December 31, or must be postmarked before the end of December, to be deducted in the present tax year.

Any gifts received after December 31 and not postmarked in December will be included in the next tax year. The date written on a check will not determine in which tax year a gift is included. Only the actual date of receipt by the church or the postmark will establish the correct tax year for the I.R.S.

Keep in mind that additional processing time is required for non-cash gifts such as stock, so please make plans for these gifts well before the end of the year.

Final Thoughts

Many of the ways to give mentioned above can be very effective if utilized correctly. Although the staff of the church's business office is ready to help with these gifts, they are unable to give advice on what is best for your situation. Please consult your CPA, financial planner, or tax attorney to get advice tailored to your financial situation before putting one of these gifts in motion. Unless otherwise designated, all gifts received by the church are unconditional and without personal benefit to the donor.