Giving
by credit card
Click here.
Giving Appreciated Investments
to The Elijah Challenge
The Elijah Challenge accepts gifts of donated
stocks, bonds, and mutual
funds. Donors in the United States can receive three kinds of tax
benefits by donating appreciated securities:
- Avoid capital gains tax on the gifted investment.
- Receive a charitable deduction which offsets adjusted gross
income.
- The value of your estate is reduced which can reduce estate
taxes.
The Elijah Challenge has an investment account at a discount broker
for the purpose of receiving, investing and selling donated
securities. For
more information about making a donation of securities,
please contact the financial advisor for our investment account,
Lawrence
Boyles of
Retirement Specialists.
Lawrence may be reached in the USA at (281) 486-9800. Or you may
contact us.
Gifts of Investments that have Declined in Value
If you have investments that have declined in value over the years and
are interested in donating them to The Elijah Challenge, it is usually
more advantageous to sell the securities first and contribute the proceeds
as opposed to donating the securities outright. This strategy should
allow you to claim a deduction for both the capital loss from the sale
of the securities, and the charitable contribution. Call Lawrence Boyles
if you need assistance with this.
Supporting
us with your Kroger Share Card
If you
shop for groceries at Kroger Supermarket in Texas or Lousiana,
the store is willing to contribute a percentage of your total purchases
to our ministry. Simply contact us at info@theelijahchallenge.org and request a Kroger
Share Card, and we will send you the card. All you do is present
the share card along with your own Kroger card at the check-out
counter, and the cashier will do the rest. Kroger will total your
purchases each quarter, and send our ministry a check.
Supporting us through Randalls
Supermarket
Randalls
Supermarket is
also providing a similar service to their shoppers who want a
portion of their purchase totals to be donated to The Elijah
Challenge. Simply go to their Courtesy Booth, and tell them you
want a Remarkable Application form for their Good Neighbor
Program to link The Elijah Challenge to your Remarkable/Reward
Card. At the very top of the application form, place a check
mark next to "Good Neighbor Program." Fill in the information
about your name and address, and then look down on the right
side for the "Good Neighbor Program" box. Fill in your
Remarkable Card number, and under that fill in the number "10053" (the
Charity number assigned to The Elijah Challenge). If you would
like more information about this, please write us at info@theelijahchallenge.org.