Giving & Stewardship
Our church welcomes donations of stocks and mutual funds. If securities have been held for more than one year and are donated directly to the church, the donor is able to deduct the full fair market value of the securities and avoid paying any capital gain tax. If, however, the securities are sold first and then the proceeds are given to the church, the donor still has to pay capital gain taxes to the Internal Revenue Service (I.R.S.). A little planning in this area can help you take full advantage of the tax benefits allowed by the government. Please contact Michael Miles or Scott Landon for help with this.
Many companies allow their employees to make donations to charitable organizations through payroll deductions, and they often match the gift dollar for dollar. Ask your company's Human Resources, Matching Gift, or Payroll department if the company has a matching gift program. The church is listed as an approved tax-exempt organization by the I.R.S. under section 501(c)(3).
Personal Property (Gifts-in-Kind)
Over the years, the church has been given automobiles, equipment, office supplies, books, and more. We gratefully accept 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 contact Michael Miles at 630.876.6625 to discuss any possible gift-in-kind donations. We will then determine if and how we can use the items and if you need assistance in having the items picked up or if you'll drop them off yourself. The church will provide a letter stating the nature of the gift but it is the donor's responsibility to assess and document the value of the gift for tax purposes. Gifts-in-kind are not included on your quarterly statement from the church.
Wills and Bequests
A charitable gift can be given to the church through your will or other estate plans. The gift can be used to honor the Lord from the financial increase He has given you during your lifetime (Proverbs 3:9-10) and to benefit your church in wonderful ways. This type of gift can also be helpful to appropriately avoid estate taxes. If you choose to include the church in your will or estate plan, please let your attorney know the church's name and address. In addition, please tell your attorney that the church is a 501(c)(3) organization. If you have already included the church in your will, please let us know so that we can say "thank you." Don't forget that qualified retirement plans will be considered part of your estate at death, but if handled correctly they can also be deductible from the estate as charitable gifts.
"In Memory of..." Tribute Gifts
We are thankful for gifts that are designated "in memory of"—honoring a loved one, family member, or friend by giving a gift to the ministries of Wheaton Bible Church in their memory, after their passing. These gifts can be designated to any established fund of the church.
"In Honor of..." Tribute Gifts
We are thankful for gifts that are designated "in honor of” a family member, friend, ministry leader, pastor, mentor, or others—given to the ministries of Wheaton Bible Church. These gifts can be designated to any established fund of the church.