Automate the Important

The Bible talks a lot about “first fruits.”  If something is important, we should do it first.  You may have your priority financial items taken right out of your paycheck—maybe 401(k), savings, or income taxes.  You automate them because they are important—you want to make sure that they are taken care of right away.

Here at Village Bible Church, we’re so grateful for the generosity of so many people who financially support the mission and vision of the church.  This idea of making the important automatic applies to giving as well.  We want to be generous and wise, so in addition to saving for a 401(k) automatically, I would like to encourage you to give automatically as well. 

You can set up regular, recurring contributions on our website or app. It’s a great way to be intentional about honoring God and being generous.

Jump in.  Automate what’s important.

Summary Checklist for Asset Donations

• Holding Period: Must be held for 1 year or more to qualify for the fair-market value deduction.
• Limit: You can deduct up to 30% of your Adjusted Gross Income (AGI) annually (vs. 60% for cash).
• Carryforward: If you exceed the 30% limit, you can carry the excess deduction forward for up to 5 years.
• Portfolio Health: This is a good way to rebalance your portfolio by trimming "winners" without triggering a tax bill.