Organ pipes in the Sanctuary of First Church in Cambridge. A wrought iron chandelier hangs in the foreground.

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2024 Year-End Information from Stewardship & Finance

December 5, 2024

As 2024 comes to an end, here are important year-end financial details to consider:

  • When you give in late December or January, it is helpful if you note whether you are giving toward your 2024 or 2025 pledge of gift.
  • In order to qualify as a 2024 contribution for your tax records, your gift must be dated in 2024 and either received or postmarked by December 31. Gifts postmarked in January will show on your 2025 statement.
  • Making a gift as a Required Minimum Distribution from an IRA can reduce your taxes as well. If you do so, please email Karen McArthur so that we can watch for the check in the mail and record it correctly as a “QCD”. This check must clear your bank before December 31, so please initiate the RMD by early December.
  • Some people give gifts to First Church via a Donor-Advised Fund, also known as a Charitable Gift Fund that they have set up. This can have significant income tax advantages for some.
  • If you would like to make a stock gift to the church, please email Karen McArthur with the approximate date, amount and type of stock so that we can post the gift to your contribution statement.
  • You can review your own contributions by accessing your household record in our database by clicking on “Manage my Family Info” at the bottom of the login for our church directory, which you will find as a Quick Link on the Members & Friends page of our website.
  • In mid-January, First Church will email contribution statements to all who have contributed so that they have the tax documentation needed for their contributions. Please save this with your tax documents!
  • If you have not yet made a pledge for 2025, you may do so on our pledge page or by emailing Karen McArthur.

We are grateful for all of your many contributions to the ministry we do together.

Happy New Year!