Move from transaction to transformation
Find a life-giving approach to growing generous givers
While we may preach tithing and provide ways for people to give online, giving as a whole remains a little over 2% of income. Why? The more we can encourage generosity as a lifestyle, the more we will move away from giving as a transaction.
Over the past 18 years, we have facilitated over $2 billion in gifts to churches and ministries, so we believe God is stirring up a generosity movement. Here are 3 key ways you can engage:
When most people think about giving, transactions and amounts are associated with it. To reclaim the joy of biblical stewardship, we need to provide people with the message of God’s ownership and the tools to go with it. These are fundamentals to get you started.
Through 18 years of ministry work, we have developed these 5 essentials of stewardship. Use this to study as you build sermons and dig deep into the fundamental truths that change how we view wealth and generosity.
We have all heard the message to store up treasures in heaven, but what if you could bring new life and depth to what a generous life looks like here on earth and why it matters? When we begin to teach God’s ownership and how it ties back to the heart of the gospel, the message shifts to a stewardship mindset. Utilize these key pieces of wisdom for your next sermon.
In a busy world, your givers need simplified, efficient giving, but many are not aware of an easy solution to giving. A donor advised fund with The Signatry is like a charitable checking account. A donor can contribute to this fund, and receive an immediate tax benefit, and then give according to their timing. We handle the administrative details, so your givers can stay focused on the causes they love. Donors may do all their giving through their account, including church giving, and at year end, receive one tax receipt.
Grow Year End Giving
Having a year-end strategy that considers the new tax law changes is vital to your efforts. You can equip donors with the knowledge and practical solutions to lower their taxes and increase giving. Read further to build your understanding of tax law and the strategies to address it.
Understand the basic facts and impacts of the new tax law with this guide. Your year-end giving strategy needs to be built around a solid understanding of these changes in order to equip your donors most effectively. Tools like the donor advised fund become even more essential to support generosity strategies.
The new tax law doubled the standard deduction to $24,000 for married couples and $12,000 for singles. The impact of this increase is that many people will not be able to itemize. For some, the decision to give will be influenced by their ability to itemize.
Charitable bunching may be the answer for those. A donor can give 2 years worth of giving into a donor advised fund, which will allow the donor to itemize and make their regular giving into the next year. See how it works with this guide.
As much as 30% or more of all giving occurs during the month of December. Those ministries who understand this fact are better prepared to ask and serve their givers at this time. Review the listening guide and discover your next steps.
Connect with Major Givers
In light of the new tax law and the available opportunity, having a major giver strategy can make a significant difference for your ministry. Remember, major givers depend on your context. The gifts may come in all sizes and forms. When you understand the needs and desires of these givers, you will be prepared for your next steps.
Did you know 90% of wealth is in complex assets like stock, real estate, or business interest? To reach major givers, you need to empower them to give where their resources are. When donors give assets, not only does it increase generosity, but it also can have a significant impact on lowering tax liability. Learn more about 3 common approaches to asset donations.
To reach a major giver, it takes a different approach and mindset. Further your training by watching one of The Signatry’s expert led training sessions. Tim Smith, author of Donors are People Too, shares key strategies on building your own major giver program.
Working with major givers requires an understanding and a compassion for their unique situations. We have found over and over that many donors were unaware of how charitable giving strategies could also serve their everyday needs of tax strategy. This sweet spot of where practical meets eternal is where you can play an important role as both minister and steward to them. Review these fundamentals from the listening guide.
Have more questions? Connect with The Signatry Ministry Services team.