Download the Capital Campaign Brochure.
Download the Capital Campaign Pledge Form.
Update on Pledges
As of August 17, 2017, we have crossed the 75% threshold of pledges to begin construction.
As of the August 19, we have pledges totaling $536,480!
We have $136,520 needed to hit our overall target of $700,000.
|Donor Level||Gift range min.||Gift range max.|
Tax Implications of Donation
After you make your pledge to fund the Capital Campaign to expand and enhance the Fellowship Hall and expand the Sanctuary, how do you meet your obligation? Here are a few ideas and their potential tax implications. You should discuss your specific case with your tax consultant as the general rule may or may not apply in your case.
|Method of Payment
|Write checks or use your credit card. This is the easiest and most straightforward way to support our home at Northwest.
|Tax deduction on your annual income tax return|
|Donate stock to Northwest.
|You may declare the donation value of the donated stock at its market value on the day you transfer the asset to NWUUC, if you have owned the stock for over a year. By using this method you can eliminate the tax on your capital gains. If you have owned the asset for under a year you may use the purchase price of the stock as the value of the donation.|
|Donate real property, like real estate.
|You may declare the donation value of the real property as the market value on the day the property is transferred, if you have owned the asset for over a year. By using this method you can eliminate the tax on your capital gains. If you have owned the asset for under a year you may use the purchase price of the property as the value of the donation.|
|Donate from your IRA by having your Required Minimum Distribution (RMD) go directly from the IRA to Northwest.
|If you are at least 70 ½, you may transfer funds directly to NWUUC from your qualified account. The value of using this method is that a withdrawal is not coded as income from your holding company. It must be a direct transfer to Northwest and it must be from an individual plan, not employer sponsored. Max donation is $100,000 per year per donor.
A donation from an IRA and you are less than 70 ½, the donation is considered as income and hence normal deduction on your income tax return.
|Write a Promissory Note payable to Northwest.||No deduction until payment.|