CREATIVE GIVING
Are you interested in giving to CYAK's ministry in a creative way?
Bequests and planned giving, as well as gifts of stocks, bonds, and mutual funds, are a great way to support CYAK's ministry.
How it Works
Benefits
The Evangelical Covenant Church has partnered with Covenant Trust Company to manage all creative giving for the Covenant Church, as well as ministries of the Covenant Church. This includes Covenant Youth of Alaska. www.CovenantTrust.com/Ministries
We have a direct relationship with Covenant Trust Company, and we are grateful for their partnership to help supporters like you give to CYAK’s ministry in creative ways. To learn more about how Covenant Trust Company can help you give charitable gifts to CYAK, please contact Covenant Trust today!
Mike Magnusson
Covenant Trust Company, Vice President of Operations
[email protected]
847.583.3252
Please contact Mike to initiate a securities transfer. To ensure proper and timely acknowledgement of your gift for income tax purposes, please notify Mike in advance of any securities transfers. This will enable him to help you through the process and prepare the broker for the delivery of your gift. Mike will notify Covenant Youth of Alaska of your gift.
If you have other general questions, please feel free to contact us at: [email protected].
- You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to Covenant Youth of Alaska.
- Covenant Youth of Alaska sells your securities and uses the proceeds for its programs.
Benefits
- You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
- You pay no capital gains tax on the transfer when the stock is sold.
- Giving appreciated stock could be more beneficial than giving cash.
The Evangelical Covenant Church has partnered with Covenant Trust Company to manage all creative giving for the Covenant Church, as well as ministries of the Covenant Church. This includes Covenant Youth of Alaska. www.CovenantTrust.com/Ministries
We have a direct relationship with Covenant Trust Company, and we are grateful for their partnership to help supporters like you give to CYAK’s ministry in creative ways. To learn more about how Covenant Trust Company can help you give charitable gifts to CYAK, please contact Covenant Trust today!
Mike Magnusson
Covenant Trust Company, Vice President of Operations
[email protected]
847.583.3252
Please contact Mike to initiate a securities transfer. To ensure proper and timely acknowledgement of your gift for income tax purposes, please notify Mike in advance of any securities transfers. This will enable him to help you through the process and prepare the broker for the delivery of your gift. Mike will notify Covenant Youth of Alaska of your gift.
If you have other general questions, please feel free to contact us at: [email protected].
You can make a difference in the lives of Alaskan youth! Thank you for your consideration to support CYAK's ministry in this way.
Other ways to give:
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