"For where your treasure is, there your heart will be also." Matthew 6:21
We give because God is generous and He calls us to be as well. What we do with what God has given us shows the world where our hearts are and helps proclaim the Gospel. We want to glorify God with every area of our lives, and that includes what we do with our finances.
Every dollar given to the Sagemont Church budget contributes to missions and ministry here at home and around the world. VIEW THE BREAKDOWN of the current budget year, which begins April 1 annually.
Login using the Give Online link (CLICK), and you will see My Giving on the right side of the screen on a computer or at the bottom of the screen on a mobile device. If you would like to see all giving, including cash and check gifts, please call the Finance Department at 281.481.7182.
Statements are emailed every year by January 31. If you have not received a statement by email, or if you do not have access to email or a printer, please call the Finance Department at 281.481.7182.
In order to transfer stock to Sagemont Church you will need to contact your financial institution and provide them with the following information:
Wells Fargo Advisors
Sagemont Baptist Church
Account #: 7405-6352
DTC #: 0141
With this information the donor can request a stock transfer from their brokerage account to ours. However, one final thing needs to happen. The donor needs to contact the Sagemont Church accounting department by emailing Kim DeVoll, Accounting Manager.
If you are 70½ and are required to take a minimum distribution from your IRA, please click on the link below to learn more about giving through a Qualified Charitable Distribution
What is a qualified charitable distribution?
Generally, a qualified charitable distribution is an otherwise taxable distribution from an IRA (other than an ongoing SEP or SIMPLE IRA) owned by an individual who is age 70½ or over that is paid directly from the IRA to a qualified charity. See Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs) for additional information.
Can a qualified charitable distribution satisfy my required minimum distribution from an IRA?
Yes, your qualified charitable distributions can satisfy all or part of the amount of your required minimum distribution from your IRA. Each year, an IRA owner aged 70 ½ years or older when the distribution is made can exclude from gross income up to $100,000 of their QCDs. For a married couple, if both spouses are age 70 ½ years or older when the distributions are made and both have IRAs, each spouse can exclude up to $100,000 for a total of up to $200,000 per year.
How are qualified charitable distributions reported on Form 1099-R?
Charitable distributions are reported on Form 1099-R for the calendar year the distribution is made.