“Give to where you want your heart to be.”
HOW TO GIVE
We understand giving as a spiritual practice – for in giving we deepen our sense of God’s near presence in our life. Giving is about using God’s resources for caring (and learning to care) about what God cares about — in the world and not just what happens in the church.
Find out more about how to give below.
WAYS TO GIVE
Through Electronic Funds Transfer (EFT) you can automatically move your offerings from your bank account directly to Prince of Peace Lutheran Church. Many local bank do not charge for this service. To set it up request the paperwork from our church office.
CHECK OR MONEY ORDER
Make payable to PoP Church;
Place in offering plate or mail to PoP Church 21 North Hill St., La Crescent, MN 55947.
HONORARIUM & MEMORIAL DONATIONS
Want to honor a special person or accomplishment?
Feel moved to make a gift in memory of someone you care about?
Gifts can be made to:
POP MISSION ENDOWMENT FUND
Gifts to the Endowment are invested, managed, and administered with careful stewardship. Only the earnings are distributed. Interest goes to fund mission projects beyond our doors.
POP Scrip Program – An easy way to support Church Ministries
Since starting the Scrip program in June 2011, we have raised more than $40,000 for our church
When you buy Scrip Cards, it costs you nothing, because we purchase the cards at a discount.
We encourage you to use scrip for your everyday groceries and gas. With a little planning, you
can also order cards for your favorite restaurants, stores and movie theaters. For example: your
$100 Barnes & Noble card costs the church $91, earning a $9 profit. A $100 Old Navy or Gap
card earns us $14.
We have your local favorites on hand: Kwik Trip, Festival, Quillins, Corky’s, Sports Hub and
Our “Shop with Scrip” broker carries cards for over 400 stores and restaurants. POP families
can fill out a “Pink Form” or submit their orders online by our scheduled deadlines. Once
enrolled, the “Scrip Now” program allows you to order some cards online to instantly print or
access from your smartphone.
Just imagine every time you hand a store clerk a scrip card you can think about how you’re
helping our church. Stop by the Scrip table and learn just how easy it is.
How to shop at AmazonSmile? Go to smile.amazon.com. You can use the same account on Amazon.com and AmazonSmile. Just select Prince of Peace Lutheran Church as your charitable organization. Type in: 41-0967361 or look for Prince of Peace Lutheran - La Crescent.
FUNDS & GOALS
We have two main funds — General Fund and Building Fund.
GENERAL FUND - WHAT IT TAKES TO DO WHAT WE DO
We count on each other to be faithful in our commitment to what God is doing in and through us at PoP.
Our General Fund includes all expenses related to worship, faith formation, ministries to children, families and seniors, our outreach, the day-to-day operational expenses and upkeep of our facilities (utilities, furnishings, insurance, etc.), our Line of Credit debt, staff salaries and our giving to the wider church through our synod benevolence.
Our 2021 General Fund Goals
Providing a cost of living increase for our church staff.
Aligning our spending with our priorities in terms of staff salaries.
Addressing our line of credit and its rising interest rate.
BUILDING FUND - LONG TERM MAINTENANCE
Provides for the long-term maintenance of the church’s facilities.
This past year such expenses included a window replacement project in our education wing and tuck-pointing and brick repair around our whole building.
Monies from this fund are also used to retire our parking lot project loan.
Our 2021 Building Fund Goals
To continue stay ahead of our repayment schedule on our parking lot loan. We took out a $160,000 loan in 2016 and are projected to pay it back in full during 2022 (several years earlier than it is due).
To build up this fund in order to replace our main air conditioner in the near future.
CREATIVE GIVING OPTIONS & TAX ADVANTAGED GIVING
IRA QUALIFIED CHARITABLE DISTRIBUTION
For those 70 and a half years old or older the gifting of one’s IRA Minimum Required Distribution to Prince of Peace can be a wonderful way to make a significant difference. In recent years this has become a very attractive means of philanthropy. This strategy provides a tax benefit even when the standard deduction is taken.
(Prior to exercising this option please consult with your financial advisor concerning current rules on IRA gifting)
GIFT OF LIFE INSURANCE
Some people have accumulated cash in insurance policies, which they give to the church. Others purchase new policies with the church as a beneficiary or name the church beneficiary of an existing policy. Donors may also give the entire policy as an outright gift. The church may wish to accept the policy ownership and continue to make premium payments in order to collect the proceeds at the time of the donor’s death. Many donors may find their insurance policies, which were purchased for estate taxes, may not be needed and may be an excellent charitable gift.
The donor funds a gift annuity with an appreciated asset and gives it to the church; in turn the church distributes a defined period of income to the donor (and/or spouse). This is an excellent way to convert a substantially appreciated asset into an income source for the donor.
STACKING OF CHARITABLE DONATIONS
This strategy means making larger charitable contributions in a single year to be able to itemize in that year and then plan to take the standard deduction the following year(s). A Donor Advised Fund works well in this context because the charitable deduction is received I the year that a contribution is made into the account and not in the year when the grant is made out of the account. This tax planning strategy allows a church member to make a large contribution into a donor advised fund for tax planning purposes while then making annual grants out of the fund to the church. It is important to note that a donor advised fund can’t be made to fulfill a formal pledge.
GIFT OF APPRECIATED ASSETS
A gift of investment assets that have appreciated in value is one of the most common gifting strategies. The asset should, in relative terms, be “substantially appreciated” if the giver wishes to receive tax benefits* as a result of the charitable gift.
GIFT OF STOCKS AND BONDS
Funding charitable giving with appreciated stocks or bonds can be very advantageous to both the donor and the church. The donor will avoid paying any capital gains taxes* while receiving a full value charitable deduction, and the church will receive a very liquid asset. To claim all these benefits, the stocks/bonds must be transferred to the church rather than selling the stocks/bonds and donating the proceeds, which then turns the gift into an ordinary cash gift. Your financial advisor can advise you about the best way to make the transfer.
* Caution: Recent tax reform is impacting how many of us approach future charitable giving. Tax advantages should never be assumed. The various gifting strategies have certain tax implications which may or may not affect a specific donor’s personal income tax liability. Prior to exercising any of the above options please consult with your financial advisor, tax attorney or tax consultant.