• “How do I give to Hyde Park United Methodist?”
• “What forms of non-cash contributions may I give to Hyde Park United Methodist?”
• “Does the church only want my money?”

We provide multiple ways for you to give.

• On Sundays you may place a check or cash in the offering plate when it is passed along the pews during worship services. Use the envelopes found in the pew folders and racks, or request your own personalized giving envelopes from Mary Lou Compton, financial secretary. As part of our worship services, we receive these gifts by passing an offering plate along the pews.

• Mail or drop off your check in person at our ministry offices: Hyde Park United Methodist, 500 W. Platt Street, Tampa, Florida 33606. Some members find it most convenient to write a check to the church monthly, as they write checks for other monthly bills and household expenses. Payments using an online bill paying service should be sent to this address as well.

• Consider electronic funds transfer from your checking account for a more convenient method of recurring contributions. This method saves time, postage, and check charges and you don’t have to worry about forgetting to bring your contribution on Sunday or it getting lost in the mail. To setup recurring contributions electronically, print this Authorization Agreement, fill it out, attach a voided check, and mail or drop off to Mary Lou Compton at the above address. The transfer occurs on the third of each month. If the third falls on a Saturday, Sunday, or holiday, it will occur on the following business day. At any time you desire, you may change or cancel your authorization.

• Use a debit card or credit card to give online. The debit or credit card information is processed through an electronic gateway service that employs encryption and other security methods to protect your financial information. However, please note that the church must pay a small processing fee to receive your contribution in this way.

Monthly and year-end contribution statements will be sent to you by mail as a record of your giving. Learn more about where the money goes here.

Non-cash contributions may include:

• Publicly Traded Securities
• Closely-Held Stock
• Personal Property
• Real Estate
• Gifts-in-Kind
• Paid Insurance Policies
• Charitable Lead Trusts
• Deferred Gifts

Long-term appreciated capital gain property (such as stock) is one of the most common ways to make additional gifts. These gifts are tax deductible at the full fair market value subject to some limitations. Also, the gain is not subject to taxation to the donor or the church.
 
Example:
Donor paid $2,000 for stock now worth $10,000.
If Donor sells the stock, he/she pays capital gains taxes on the $8,000 gain.
If Donor gives stock to church neither donor nor the church pays taxes and donor receives $10,000 tax deduction.

To transfer publicly traded securities, contact Mary Lou Compton in the Ministry Offices at (813) 253-5388 ext. 225 or email for up-to-date brokerage transfer instructions.

Gifts of closely-held stock are virtually the same as publicly traded securities, but may carry additional benefits to the donor. Along with the income tax deduction, gifting closely-held stock is a good way of reducing company retained earnings and transferring ownership of the company to children or grandchildren.

Tax deductible gifts of personal property may include antiques, art, jewelry, vehicles or boats, coin or stamp collections, as well as other valuable assets. These gifts of personal property have varying tax deductibility requirements so be sure to consult with your tax advisor about such requirements. While the Church is grateful for every donor’s intent to give, some personal property donations must be approved by the Board of Trustees. To speak with a member of the Board of Trustees, contact Lynn Osborne at (813) 253-5388 ext. 235 or email.

Families often have paid life insurance policies that were originally taken out to cover mortgage expenses or pay for college for a child. If these reasons are no longer at issue, a paid insurance policy can be a wonderful way to make a gift to the church. The tax deduction is equal to the replacement value or the donor’s cost in the policy, whichever is less. The church will have the option of retaining the policy or taking the current cash surrender value.

A lead trust can be established to provide income to the church for a specified term of years. After the term of years, the assets in the trust revert back to the donor or to the individual(s) designated by the donor. Cash, securities, and some types of real estate can be used to fund the trust. There is no income tax deduction for this type of gift but there may be an estate tax savings.

A gift of real estate generally will generate a tax deduction for the full appraised fair market value. Like securities, the capital gain is not taxable to the donor or the church. All donations of real estate require the approval of the Board of Trustees. To discuss the donation of real estate, please contact Lynn Osborne at (813) 253-5388 ext. 235, who will put you in contact with a representative from the Board of Trustees.

Gifts-in-kind are products or materials that you can give to aid particular projects being undertaken by the Church.

Examples:
Construction materials: concrete, lumber, bricks, roofing, paint, etc.
Building materials: windows, doors, plumbing, lighting, flooring, etc.
Furnishings: Tables, chairs, audiovisual equipment, appliances, etc.

Deferred gifts are gifts that are received some time in the future by the Church. During that time, the donor retains an interest in the assets. Examples include bequests, estate notes, charitable remainder trusts, charitable gift annuities, “Pay on Death” accounts, IRA beneficiary, life insurance.

For more information on any of these ways to give, contact Mary Lou Compton, Hyde Park United Methodist, 500 W. Platt Street, Tampa, Florida 33606, (813) 253-5388 ext. 225. You should always consult with your own tax advisor as to the tax deductibility of gifts in your particular situation.

No! We encourage every disciple of Jesus to find the place to serve that matches their spiritual gifts, talents and passion. If you’d like to talk with someone about finding your place to serve, contact Justin LaRosa, Director of Equipping Ministries, at (813) 253-5388 ext. 298.