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Q: What is an estimate of giving?
A: An estimate of giving is a financial promise. Each year, we renew our commitment to one another and the ministry of GSP by making a financial estimate of giving. An estimate of giving may be changed as needed throughout the year by calling the church office. Fill out an estimate of giving form.
Q: Why is my annual estimate of giving important?
A: Annual estimates of giving support everything we do and are at GSP—from supporting our outreach ministries to our musical offerings to having staff. Every estimate of giving matters and even a small increase in your yearly personal giving is magnified dramatically when our entire community gives together.
Q: How much should I give with an annual estimate of giving?
A: We ask each person to consider making a estimate of giving that is both responsible and significant based on his or her financial situation. A tithe (10% of one’s income) is a concept of generosity and sharing in a faith community that traces back thousands of years.
Q: When should I submit my estimate of giving?
A: Of course, new and renewed estimates of giving are welcomed throughout the year. We ask everyone to submit an estimate of giving no later than November of each year so that we can plan our budget for the coming year.
Q: When do I pay my estimate of giving?
A: Many people fulfill their estimate of giving monthly, quarterly, or even in one payment. However, you may fulfill your estimate of giving in as many payments as you wish throughout the year. Estimate of giving statements are prepared on a calendar year basis, beginning January 1 to support your tax return needs.
Q: How can I prepare my estimate of giving when I don't know what I can afford during the next year?
A: An estimate of giving can be adjusted at any time if your circumstances change. We suggest that you make an estimate of giving responsibly, based on your best estimate of the year's income.
Q: Does GSP live within its means?
A: GSP does live within its means, and each year the Vestry adopts a balanced budget. Your estimate of giving is critical to establish that budget, as our income projections are based primarily on estimates of giving that we receive from our members. If estimates of giving are not received, then adjustments are made in the church's budget and programming, sometimes during the program year, which is why we close every year in the black.