FINANCIAL
SUPPORT
No ministry can exist without financial support. Because
ELHM is growing larger every year, we are in need of on-going
support, such as monthly commitments.
Donors may give one-time, monthly, or any way they desire. Gifts may be designated
for Bibles, personal support for a staff member, shipping cost, or general
operation of the ministry.
Although we all have different things we like to
designate our gifts for, and these are always welcome, without sufficient operation
funds,
the ministry would not exist. Nothing else could be done.
All designated gifts are spent 100% on the project it is given for. The only
exception can be found under gifts to the 50,000
Club
If funds are given for a special project and all needs have been met, the extra
funds will be used on a related project.
On-going Projects
For
Which
Designated Gifts Are Received
BIBLES
Many people like to designate money for the purchase of Bibles.
We are very pleased to receive these funds. Because we are a non-profit
ministry we are able to purchase Bibles at a fraction of what the
average person would have to pay.
STAFF SUPPORT
At present, we only have two persons that raise their own support.
However, it is our desire to hire
four additional staff members. Monthly gifts for personal support
will allow us to hire this additional help. We do not have
sufficient income to hire anyone at this time.
Additional staff is desperately needed to work in the areas of administration,
receiving and shipping, recruitment, training and supervision
of volunteers and fund-raising.
DONATE 50,000 CLUB
The purpose of the club is to enlist 50,000 individuals and
or groups who will contribute $1,000 a year to under gird the
shipping costs of literature going overseas.
Details PDF
SHIPPING
All shipping of literature is done from designated funds. We have recently
begun to request that those who donate
the literature assist with the shipping costs, if at all possible.
The suggested donation is $1.00 per pound of donated literature.
We are now doing all international shipping via large shipping containers (20 or 40 feet long).
They look like large metal boxes that ride on the bed of a tractor trailer truck.
These are hoisted by crane onto a train, or a ship, etc.
The cost for one container may run anywhere from $2,700 to $7,000, depending
on the destination and whether
or not it is necessary to ship inland from the port. Such a container will hold
an average of 30,000 to 44,000 pounds of literature. It is possible for an individual
group to pay the entire cost of shipping a container to a country of their
choice or ours. This is the most cost effective way to ship literature - 5 to 10
cents per pound.
The best way we have found to help with the shipping cost is through our 50,000
Club.
A brochure on the 50,000 Club is available for those interested in enlisting
others as members.
Details PDF
SPECIAL PROJECTS
From time to time we raise funds for vehicles,
equipment, etc.
FRIENDS OF THE MINISTRY CLUB
Friends Of The Ministry Club Members contribute $20.00
monthly for the operating cost of the ministry. If enough of these can
be found, they will provide the financial under-girding of the ministry.
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APPOINTED SECURITIES
Over the last several
years, we have seen historic gains in the stock
market. Many security holdings have a tremendous
level of
unrealized gain. This is the good news. The bad news is that if these appreciated
securities are sold, at least 20% of the gain will be lost to taxation. Now
is a strategic time to consider the effectiveness of donating these types of
assets.
In making outright gifts, it is typically wise financial stewardship to give
assets that are in the form of appreciated securities (e.g., stocks or mutual
funds). Unlike gifts of cash that have already incurred an income tax, gifts
of these appreciated assets avoid the incurrence of capital gain tax. In addition,
you receive an income tax charitable deduction for the full fair market value
of the asset. That, in effect, makes these gifts less costly to make.
If it is your desire to make a gift, please consider a gift of appreciated
assets.
Here is how it works:
| |
Sell
Stock & Gift
Proceeds |
Gift |
| Value of Assets |
$10,000 |
$10,000 |
| Original Purchase
Price |
-2,500 |
- 2,500 |
| Amount of Appreciation |
$
7,500 |
$ 7,500 |
Capital Gain Tax
(26% Federal & State) |
-$1,950 |
N/A |
Proceeds to Ministry
(Asset minus tax) |
$8,050 |
$10,000 |
Your Total Tax Savings
(45% Federal & Sate) |
$3,622 |
$ 4,500 |
|
As you can see, these numbers highlight three benefits of donating stock:
- Avoiding capital gain tax
- Increased financial support to ministry
- Larger tax deduction
Though it is important to consider the tax implications of making gifts, it
is also important to invest your giving in order to further the mission of
the ministry that God has laid on your heart.
(Reprinted by permission from Focus on the Family)
HOW TO DONATE MONEY
SEND A DONATION BY MAIL
Send donation to:
Edwin L. Hodges Ministries
P.O. Box 1921
Decatur, Alabama 35602 USA
SEND A DONATION VIA PAY PAL
"You are invited to use your credit or debit card to make
online donations to Edwin L. Hodges Ministries using PayPal if
this will not put undue financial strain on you."
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