Final Expression of Our Stewardship
There is no better way to thank God than to share His Word with others and give cheerfully. Cheerful giving needs careful planning. Here are some helpful hints:
What Can We Give? Giving Money
Gifts in the form of cash or through checks are the most common methods of charitable giving. All gifts to the Armenian Missionary Association of America (AMAA) delivered or mailed by December 31, qualify for tax deduction for that year, and bring cheer not only to the giver, but also renewed hope to thousands of people who depend on our giving.
Please be as generous as you can and give as liberally as God (the source of all gifts) commands.
Appreciated Property: Giving Securities
Stocks, bonds and mutual funds that have increased in value can bring extra tax savings. Not only the donor will enjoy the tax deduction for the fair market value of the gift, but will also bypass capital gains tax that would otherwise be due if the securities were sold.
Giving Through A Will Or Living Trust
The end of the year is also a good time to review long-range estate and financial planning.
Giving through wills, living trusts, life insurance policies and retirement accounts will offer great opportunities for leaving a lasting legacy to charitable interests.
Gifts and bequests can be used to establish endowment funds in the name of the donor or someone the donor wishes to honor. These endowment funds are invested by the AMAA and the income is used to support designated purposes of the donor as part of the worldwide outreach of the AMAA.
There are many ways you can make your giving meaningful and cheerful. Planning and timing are essential. Just take a moment and think what your giving today will mean for you and for others tomorrow. God will bless you abundantly.
Year End Giving
We ask our members and friends to remember all the good work that the AMAA is doing when considering your year-end giving to deserving non-profits. We recognize that all gifts come from God and that at this season of the year we are especially mindful of God’s greatest gift, our hope and our salvation: Jesus Christ.
Increase the power of your donation! Check with your employer if there is a matching gift program in place. Many companies give to non- profit institutions through matching gift programs. Your gift can be doubled or tripled!
Changes to Tax Laws Affecting Your Support
Your philanthropy can save you money in taxes, especially this year. Here are some time-sensitive giving opportunities that you may want to consider in your year-end plans.
Special Tax Savings for Cash Gifts are Set to Expire
In 2021, cash gifts made to qualified charities can be used to offset up to 100% of your adjusted gross income. In 2022, the deductibility of cash gifts will be limited to only 60% of your adjusted gross income. That means you can save more in taxes if you make a cash gift to the AMAA before December 31, 2021.
IRA Required Minimum Distributions are Back
Required minimum withdrawals (or RMDs) from your IRA will resume in 2021 for individuals age 72 and older. If you wish to support the AMAA with this RMD income, you can donate it as a qualified charitable distribution. This way, your IRA will not generate taxable income for 2021.
Timing Your Gifts
If you mail a check, it must be dated and postmarked by the U/S/ Postal Service on or before December 31, 2021, to qualify for a tax-deduction this year. If you use a credit card, the gift is considered to be made on the date of the charge, regardless of when you pay your credit card bill.
Thank you for your impact. To be considered for the current year tax-return, all donations must be submitted and received online, or envelope postmarked by December 31.
Donor Advised Funds are the fastest-growing giving method and tax-efficient way to manage charitable donations. Donor Advised Funds allow donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time.
AMAA is proud to be a resource and partner to several of the United States’ largest Donor Advised Fund sponsor organizations and their philanthropic services teams. We are well-versed in the mechanics of Donor Advised Fund giving and the applicable IRS regulations.
Grants made to AMAA through Donor Advised Funds can be designated for AMAA to use wherever the need is greatest or aligned with thematic areas that match our supporters’ interest, such as our “All For Artsakh” Campaign, Lebanon Urgent Relief, Syria LifeLine, Disaster Relief, Orphan & Childcare, Summer Camps, Evangelical Schools, and Mission & Services.
Clients of Fidelity Charitable, Schwab Charitable, and BNY Mellon can easily make a designation through the DAF Direct window below. AMAA’s tax I.D. number is 13-5670954. For more information please contact: firstname.lastname@example.org
To mail a check:
Armenian Missionary Association of America
31 W Century Road Paramus, NJ 07652
To make an online donation:
Please click here
To make a wire transfer:
Please call (201.265.2607 x107)
or email email@example.com for AMAA incoming wiring instructions
To make a donation via phone:
Please call (201.265.2607 x126)
For additional information on giving and estate planning, please write or call confidentially to the Executive Director/CEO:
Armenian Missionary Association of America
31 West Century Road, Paramus, NJ 07652
📞 (201) 265-2607 • 📧 firstname.lastname@example.org