GIVING
From God to us; from us to God
Giving is an act of worship as we confess our humble reliance upon God in a joyful celebration of what He has done. By giving, we proclaim that all we have actually belongs to God and that we are called to be caretakers or stewards, sharing out of the abundance that God has so graciously given to us.
First Presbyterian Church exists entirely upon the gracious support and stewardship of individuals and families who are committed to the advance of the gospel. Your financial gifts and pledges are an ordinary act of worship that God uses in extraordinary ways for His glory and our good! By giving financially to the ministries of First Presbyterian Church, you are empowering this church to be the hands and feet of Jesus and share the gospel in our homes, city, and the world.
Donations to First Presbyterian Church are tax-deductible. Unless otherwise noted, and in accordance with IRS regulations, donors agree to relinquish control of donated funds to the discretion of the church.
If you have any questions, or have stock gifts, memorial gifts, or gifts in kind, please reach out to our Director of Finance Becky Pearce.
Planned Giving
How do you want to be remembered?
You can include First Presbyterian Church in your financial and estate plans through various strategies. A planned gift can be made during one’s lifetime or at death as part of an overall financial and estate plan. For the strategies below, confirm with a financial advisor, tax professional, and/or an attorney*
Strategies Include but are not limited to:
Gifts Appreciated Stock and/or Real Estate
Retirement Account Gifts via Qualified Charitable Donation after age 72
Naming First Presbyterian Church in your will or as a beneficiary of an IRA and/or Life Insurance Policy
Making a gift to First Presbyterian Church from your Donor Advised Fund
Gift an automobile or other assets
Funding a Charitable Gift Annuity and a Charitable Remainder Trust
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A Charitable Gift Annuity is an agreement between an individual and First Presbyterian Church of Chattanooga (First Pres). You make a gift to First Pres of either a lump sum of cash or appreciated securities such as stocks, CDs, or mutual funds. In return, you receive immediate tax benefits and First Pres will pay you a fixed sum for life. Then, at the time of your death, the remainder of the gift goes to First Pres.
A Charitable Remainder Trust may be right for you if you have appreciated securities or real estate that you want to sell, but are hesitant to sell because of possible capital gains taxes. Once a gift is made, the trust assets are then sold with no depletion of capital gains. The proceeds are invested in a portfolio, managed by First Pres and you receive immediate tax benefits and income from the trust for life. At the time of your death, the remainder of the trust assets go to First Pres.
To know if either of these strategies are right for you and your situation, please contact the church along with your legal and/or financial advisors.
*First Presbyterian Church of Chattanooga does not render legal or tax advisory services. For advice and assistance in specific cases, the service of an attorney or other professional advisor should be obtained. The purpose of this publication is to provide information of a general nature only. Watch for changes in tax laws. Wills, trusts, and charitable gifts made in a contractual agreement are governed by state laws. Advice from legal counsel should be sought when considering these types of contracts.