Savings Bond

Often people will ask if they can make an outright gift of U.S. savings bonds and receive a charitable deduction for their face value.  Unfortunately, the answer is no because of restrictions on the transferability of the bonds.  On the other hand, the full face value is deductible for estate tax purposes when you bequeath the bonds to the church in your will.  Unlike an individual heir, the church is tax-exempt, it will not pay income tax when the bonds are redeemed.

CD and Savings Accounts

One of the most convenient ways to benefit your church is through your savings plans, (including savings accounts, certificates of deposit, and other savings arrangements) by simply making the church a joint owner of the account with rights of survivorship.  You remain in complete control of the account.  You can withdrawal the money, change the survivor designation or close the account at any time, thereby revoking the arrangement.  The church has no claim on the account until after your death.