Friends General Conference

Nurturing faith and Quaker practice

Creative Ways of Giving

We encourage and support your creative ways of giving. Some examples include challenge gifts, lead trusts, and gifts of farm commodities. Creative giving allows you to provide support to FGC in ways that serve your goals and ours. 

Challenge Gifts

You can use your major gift to leverage giving by other Friends.  Challenges—which are usually structured as a “dollar-for-dollar” giving match—have been very successful at FGC. 

Over the past fifteen years, FGC major gift donors have offered more than $1,400,000 in challenge gifts and leveraged much more money for our programs and services to meetings, seekers, and Friends.  Some of these gifts have required a minimum level of giving and some challenges have offered a “double match.”  These challenges have also increased FGC’s donor base by attracting many new donors to FGC.  By offering a major gift as a challenge to other donors, your giving is extended well beyond the original gift amount.

See sample announcements at the bottom of the page of Challenges offered by FGC Friends.

Charitable Lead Trusts

A charitable lead trust is a creative way to provide income to FGC and to transfer assets to your children or others at a significantly reduced tax liability. You pay no tax on the income and the trust principal is paid to your named beneficiaries at the time when the trust is set to end.  The tax savings from a charitable lead trust may allow you to provide significant support for FGC at little or no cost to heirs in terms of ultimate inheritance.

Advantages of charitable lead trusts

  • Use trust income to support charities.
  • Avoid taxes on the trust income.
  • Transfer trust assets to loved ones at reduced tax liability
  • Select any trust duration.

Farm Commodities

Through our partnership with Everence and the Mennonite Foundation, you can make a gift of a farming commodity and reduce your taxes. You can give gifts of grain, livestock - even honey.

Advantages of giving farm commodities

  • Deduct the cost of producing the commodity from your farm.
  • Reduce your self-employment tax.
  • Support FGC.

To give a commodity from your farm, simply notify FGC and we will work with the Mennonite Foundation (an affiliate of Everence) to make the arrangements.  Basically, you sell the commodity acting as agent. The buyer then writes and sends a check to Mennonite Foundation, which is deposited in Mennonite Foundation’s donor advised fund in an account in your name. They then distribute the money – when you want – to FGC and other charitable organization(s) that you choose.*

 Your farm commodity gift will be an irrevocable contribution to Mennonite Foundation, an affiliate of Everence, and is nonrefundable. However, they will distribute the full amount to FGC and other charitable organizations, as directed, and you get a tax deduction for the full value of the gift. There is no service charge on your account as long as the funds remain on deposit at least 30 days.Your farm commodity gift will be an irrevocable contribution to Mennonite Foundation, an affiliate of Everence, and is nonrefundable. However, they will distribute the full amount to FGC and other charitable organizations, as directed, and you get a tax deduction for the full value of the gift. There is no service charge on your account as long as the funds remain on deposit at least 30 days.Your farm commodity gift will be an irrevocable contribution to Mennonite Foundation, an affiliate of Everence, and is nonrefundable. However, they will distribute the full amount to FGC and other charitable organizations, as directed, and you get a tax deduction for the full value of the gift. There is no service charge on your account as long as the funds remain on deposit at least 30 days.*Your farm commodity gift will be an irrevocable contribution to Mennonite Foundation, an affiliate of Everence, and is nonrefundable. However, they will distribute the full amount to FGC and other charitable organizations, as directed, and you get a tax deduction for the full value of the gift. There is no service charge on your account as long as the funds remain on deposit at least 30 days.

 

Please feel free to discuss your creative gift ideas with Michael Wajda, FGC’s Associate Secretary for Development.  FGC will be pleased to partner with you around ways to extend and revitalize the Religious Society of Friends. 

Contact Michael at
215-561-1700 x3004 or michaelw@fgcquaker.org