Project Phases
Deferred Maintenance
HVAC
A customized, comprehensive, and highly efficient VRF HVAC system will replace failing swamp coolers, providing clean air and a comfortable environment year round.
Work to begin Fall 2024.
Parking Lot
The parking lot is crumbling, providing a hazard to cars, pedestrians and snowplow equipment. The asphalt will be resurfaced and lighting installed. Concrete will be repaired, waste containers enclosed, and attention given to pedestrian and bike friendly entrances to realize our identity as a neighborhood church.
COMPLETED AUGUST 2024
Exterior Repairs
The elements have taken their toll, granting moisture and insects access to interior. Exterior repairs and painting will prevent further deterioration.
COMPLETED SUMMER 2024
Renderings
children’s chapel
Two smaller rooms will be combined to create a larger Children's Chapel space for K-3rd programming.
Phase 3
Library
A new library and small group gathering space will facilitate connection and learning.
Phase 4
Parish Hall
This gathering space will be improved with attention paid to lighting, acoustics and seating. The storage area will be replaced with a stage for presentations and a welcoming kid friendly space during receptions.
Phase 4
Bathroom
A new accessible, family, all gender restroom will better serve Family Promise guests, as well as express St. Tim's commitment to welcoming all people.
Phase 4
Updates & Planning Process
Ways to Give & Next Steps
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Most frequently, people will decide to contribute to a capital campaign through a regular recurring donation that goes over and above their annual pledge commitment. This recurring payment can be made by check or payment on Realm. For example, a contribution of $50 per week for the next two years would provide a $5,200 commitment to the capital campaign.
Next Steps:
1. Complete the commitment form by clicking here.
2. Add your additional payment on Realm by clicking here. If you plan to just give through a check, please email Maggie so she can make a note.
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An excellent way to provide financial support to St. Timothy’s is to donate appreciated stock which has been held for at least a year. Donating the stock directly to St. Timothy’s creates two benefits for the donor:
• Since the stock was not sold by the donor, the donor avoids paying capital gains tax on the increase in value.
• The donor is allowed a charitable tax deduction for the full market value of the stock on the date it was donated.
• The Colorado Episcopal Foundation completes the transaction free of charge.
Next Steps:
1. Complete the online commitment card so St. Tim’s is aware of your contribution by clicking here.
2. Download and complete this form. Send a copy to Colorado Episcopal Foundation and to St. Tim’s.
3. Send a letter to your brokerage with a copy of the above form. This will ensure your broker has the correct account and routing numbers for the Episcopal Foundation.
4. If you have further questions or needs help, please email Maggie.
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Those who are at least 72 with an IRA account must take at least the required minimum distribution (RMD) each year. The RMD can be received as taxable income or contributed to a charity. The amount which you contribute to a charity counts towards the RMD. You have a choice of how you receive the RMD.
1. Receive all of the RMD as a taxable distribution. In this case, all of the distribution is added to your taxable income.
2. Donate all of the RMD directly to one or more charities. In this case, the donation is not added to your taxable income. However, since the donation did not come to you as income, you cannot claim the donation as a charitable deduction.
3. Receive part of the RMD as a taxable distribution and donate the remainder of the RMD directly to one or more charities.
Next Steps:
Complete the online commitment card so St. Tim’s is aware of your contribution by clicking here.
Send a letter to your IRA Administrator/Custodian specifying how much of your RMD you want to donate to a charity and how much you want to receive as taxable income. For the charitable donation, you must provide the organization and the organization’s address (St. Timothy’s Episcopal Church, 1401 E. Dry Creek Road, Centennial, CO 80122). Your IRA Administrator/Custodian will send the donation directly to St. Timothy’s. Your IRA administrator may also request information about St. Tim’s non-profit status. For that please click here.
A Note on Maximizing Tax Benefits:
Since the Tax Cuts and Jobs Act of 2017, the standard deduction for most tax filers has increased significantly. Two strategies which may prove advantageous for some is to “bunch” your capital campaign contribution into one tax year, and/or if you are 72 or better, using your Qualified Minimum Distribution to make a Qualified Charitable Distribution to St. Tim’s in order to reduce your tax burden. If you decided to “bunch” your capital campaign contribution, you could take an itemized deduction in 2024 and a standard deduction in 2025. For more, on “bunching” your charitable giving, please see this article from Schwab Charitable.
This information is not intended to be a substitute for individualized tax, legal, or investment planning advice.