Frequently Asked Questions
Cash and check contributions must be received or postmarked by December 31st to be included on your giving statement for that year. Online transactions must be initiated by 11:59 pm PT on December 31st to be included.
Pushpay is our giving platform that allows you to give a single gift, or schedule recurring giving using your checking account, debit, or credit card. You can also view your giving history. You can do it all from any device, and it’s quick, easy, and secure.
Overflow is a digital solution for giving non-cash assets, enabling you to give in the most tax-efficient way. It enables you to give stock or cryptocurrency in less than 5 minutes from any device, with access to a private Donor Portal to view gift history, transaction statuses, and the ability to update connected financial accounts.
Overflow’s Information Security Program follows the criteria set forth by the SOC 2 Framework, a widely respected information security auditing procedure. Overflow does not have access to nor store any brokerage account usernames or passwords. They use Yodlee, a secure third party provider, that handles the brokerage login process. Over 600 companies including PayPal, Mint, and Amazon use Yodlee to connect their clients’ accounts.
Giving appreciated stock that you’ve held for over a year can save you up to 37% in federal income taxes based on the value of the charitable gift when itemizing deductions AND protect your realized gains from being subjected to long-term capital gains tax, which can be up to 20%.
To understand the full tax benefits of giving appreciated stock, including potential state tax savings, please consult with your tax professional.
You can give any publicly traded stock through Overflow. By giving assets that have appreciated in value for more than one year, you are more likely to get the highest tax benefits.
Overflow can process all whole shares of publicly traded stock, including 401Ks and IRAs. However, because givers often incur penalties for withdrawing these assets before a certain date, we highly recommend consulting your tax professional before giving these types of assets. Giving 401Ks or IRA could result in tax penalties or even fewer tax benefits than giving cash.
If you received company-distributed stock as an employee and the trading window is not open, your brokerage will likely reject the transfer request. We suggest you ask your company for the trading windows and give during those time periods, which typically are open quarterly for 3 to 4 weeks at a time.
File Form 8283 for the 1040 tax return. To calculate how much to deduct from your taxes, the general rule of thumb is to deduct the fair market value which is the average of the high/low price of the stock on the day it was received by the nonprofit. This is for assets you’ve held for more than a year. The date the stock was received by the nonprofit can be found in the acknowledgment letter you receive from the nonprofit. Include this letter in your tax return.
Yes, you can give through your bank’s online bill payment service. Your bank will send Echo.Church the payment, and we will add it to your giving record as if you had written a check yourself. Just indicate “Echo.Church” as your payee, specify your name as the account, and use the following information for the payee address:
1172 Murphy Ave. Suite 130
San Jose, CA 95131
Note: Please allow 24-48 hours for your transaction to post to your giving record after we receive the check.
Your giving falls into two categories: charitable cash and asset-based contributions. Charitable cash includes cash, check, or debit card gifts. Asset-based contributions are non-cash and include stocks, cryptocurrency, mutual funds, charitable gift annuities (CGAs), real estate, and more. See here for options for how to give.