As the end of 2019 approaches, Covenant's financial office has tips on “end of year giving." Covenant accepts gifts of stocks and marketable securities. Members and friends can avoid capital gains taxes by giving appreciated stocks to Covenant. Also, those who want to donate who are 70.5 and older may direct funds from their retirement account to Covenant. This is considered a tax-free, qualified charitable distribution. (You must meet the maximum annual exclusion limit for qualified charitable distribution.)
For gifts to be posted to 2019, they must be postmarked no later than Dec. 31. For more information, contact Duane Dube, (512) 334-3049.