Ways to Give

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You can support the mission and ministry of the Evangelical Covenant Church in many ways. Whether you decide to make a monthly gift, an annual gift, or a planned gift, your generosity has a tremendous impact on the lives of those we touch around the world.

WAYS To GIVE

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CREDIT CARD
Gifts to the ECC can be made online now with a credit card or by contacting the Office of Advancement at (773) 784-3000.
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CHECK
Please make checks out to the Evangelical Covenant Church and include on the memo line the area(s) you would like to support.You can send all checks to the following address:
Office of Advancement
Evangelical Covenant Church
8303 W Higgins Road
Chicago, IL 60631

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MATCHING GIFTS
Many companies encourage employees, their families and retirees to make charitable contributions by matching their philanthropic support. Matching gifts can double, or even triple, your impact for the mission and ministry of the Covenant. Consult your Human Resources office to find out if your employer has a matching gift program and what steps are necessary to enroll in that program.
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STOCK GIFTS
Gifts of securities can be a strategically effective way to support the Evangelical Covenant Church. Staff members at the Covenant Trust Company are available to provide more information on this process. You can contact them at (847) 583-3200.
IRA's
Tax-free gifts to qualified charities can be made directly from your IRA. A qualified charitable distribution (QCD) allows an IRA holder to send a donation directly to a public charity, and not have the distribution included on your tax return as ordinary income. A QCD allows individual taxpayers 70½ years of age or older to donate up to $100,000 per year to eligible charities including colleges, universities, independent private schools and ministries from their traditional IRA tax-free.* This donation goes straight from the IRA to the charity.For traditional IRA owners who must take a required minimum distribution (RMD) from their IRA each year, the QCD provision is an opportunity to meet the RMD requirement while minimizing the effect on their taxable income.A qualified charitable distribution is a great way to positively affect your tax situation while also helping you achieve your charitable goals. Give us a call, we’d happy to show you how.*Qualified charitable distributions are not available for 401(k) or Roth IRA accounts.

Types of Gifts

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MONTHLY GIVING
Your monthly support of the Evangelical Covenant Church provides regular and predictable funding for ECC ministry opportunities and projects that are transforming lives daily. It is an easy and affordable way for individuals to make their support go further both locally and globally. When you give monthly, you join a special group of people reaching out each month to provide prayer and support for the mission and ministry around the world.
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MEMORIAL AND HONORARIUM GIFTS
A gift made in memory or in honor of a relative, friend, missionary or pastor is a thoughtful way to recognize an individual’s life and their service to God’s mission around the world.To make an honorary gift, send a letter indicating the purpose of your gift as well as the name and address of the honoree. For memorial gifts, if a memorial fund has not already been established, you should note on your check the name of the honoree and include the name and address of his/her next of kin so that we can properly notify their family of the gift.

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GIFT PLANNING
Proper planning can help you and your family realize the greatest benefits from your gifts to the mission and ministry of the Evangelical Covenant Church. This involves choosing the best combination of assets and vehicles to accomplish your charitable, financial and estate planning objectives. Our knowledgeable and experienced Gift Planning staff through the Covenant Trust Company is available to assist you and your professional advisors in determining which plan will best meet your needs and objectives.For planned giving, please contact:
Covenant Trust Company

ic_phone_24dp(847) 583-3200

CARES ACT

CARES ACT
Legislation known as the CARES Act (Coronavirus Aid, Relief, and Economic Security Act), designed to rescue the economy from the effects of the coronavirus pandemic, was passed by Congress and signed into law by the president on March 27, 2020. Here is a summary of provisions applicable to charitable giving.

  • New Charitable Deduction for Non-Itemizers
    Taxpayers who take the standard deduction rather than itemizing their deductions will nevertheless be able to claim a charitable deduction of up to $300 for cash donations made in 2020.
  • Higher Deduction Limits
    Individuals in 2020 will be able to deduct cash gifts to the extent of their entire adjusted gross income, and the deduction limit for corporations has been raised from 10% to 25% of taxable income.
  • Required Minimum Distributions Waived in 2020
    For the year 2020, there will be no mandatory distributions from retirement accounts (whatever the age of the owner), thus allowing those accounts to recover. The minimum age for making a tax-free transfer from an IRA to a charity remains at 70½, and the annual limit remains at $100,000. However, since cash gifts are deductible in 2020 to the extent of adjusted gross income, a person could withdraw and then contribute a larger amount—with the deduction offsetting the taxable withdrawal.
  • Waiver of Penalties When Retirement Funds Are Used for Coronavirus Purposes
    If you are under the age of 59½ and withdraw money in 2020 from your retirement plan to cover expenses incurred by you or a family member related to treatment of the coronavirus, the 10% tax penalty will not apply, taxation of the distribution can be spread over three years, and the amount withdrawn can later be added without regard to contribution limits.

Please consult your advisor about CARES Act provisions


TAx information

TAX INFORMATION
For official tax information, such as our Employer Identification Number (EIN) and official tax receipts, please contact the Mission Advancement Office at:

ic_phone_24dp(773) 907-3359

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