Giving at Salem
Your gifts make Salem’s ministries possible. Did you know that there are a variety of ways to make financial contributions? No matter what method you use to make financial contributions to Salem, you can be confident that your donation will be used responsibly in order to support God’s work at Salem and worldwide. Your gift to Salem will help to spread the Good News of Jesus—and that Good News is the greatest gift of all!
Think outside the offering plate!
ACH Automated Withdrawals • Gifts of Stock or Mutual Funds
Salem Foundation • Estate Planning
ACH Automated Withdrawals
ACH Request Form (pdf)
Have you ever written a check to Salem and then forgotten to bring it to church? With ACH (Automatic Clearing House), you only need to remember one thing: to sign up. Specify a bank account and an amount that you want to donate, and that amount will be electronically withdrawn from your account and deposited in Salem’s account each week, month, or year. You’ll receive a receipt for each transaction. You can stop or change your ACH withdrawals at any time by a simple, written request to Salem. To sign up, print out a request form (above), fill it out, and return it to the Salem church office.
ACH Advantages
GOOD FOR YOU
- Automatic withdrawal saves you time.
- ACH costs less—no checks or stamps to buy.
- You choose the amount and frequency of
your ACH donations.
- You can still use the offering plate to make
additional gifts!
GOOD FOR THE ENVIRONMENT
- Paperless giving decreases waste.
GOOD FOR SALEM
- ACH is consistent and regular, so your
gifts allow Salem to budget more
accurately to better serve the Lord.
Gifts of Appreciated Stock or Mutual Funds
Salem welcomes gifts of stock and mutual fund shares. State and federal tax laws allow both you and Salem to benefit from such a gift. If you own stocks and mutual funds, your personal financial planner or a professional tax advisor can help you decide if transferring ownership to Salem is a good choice for you. To discuss details of stock or mutual fund transfers, please contact the church office at 651-5633-7515.
Benefits of Stock Gifts
- You avoid capital gains tax. If you sell the
stock, you pay tax on any gain (usually 15%
minimum), but if you transfer ownership to
Salem, you pay no tax.
- Your charitable deduction for federal tax
purposes is based on the full fair market
value of the shares on the date you make
the gift, not on the original purchase price.
- You receive credit from Salem for the full fair
market value of the shares, but the cost to
you is only your original purchase price.
The Salem Foundation
The Salem Foundation was formed to establish a sizeable fund to be used for the support of church programs considered to be beyond those essential for Salem’s operation. In other words, contributions to the Salem Foundation allow Salem to multiply the church’s ministry. Each gift made to the Salem Foundation increases the size of the fund; only the income from the fund, such as interest and dividends, is spent. Income from the Salem Foundation might be used to establish scholarships, underwrite a group short-term missions project, or purchase a new vehicle. The possibilities for increased ministry are limitless.
Estate Planning
As you make plans for the future, prayerfully consider designating Salem Baptist Church or the Salem Foundation among the beneficiaries of your will. Your personal financial planner or lawyer can guide you through the process and explain the benefits of a charitable bequest. If you’d prefer to receive information about estate planning from a knowledgeable Salem volunteer, please call the church office at 651-633-7515.