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The campaign to renovate St. Joseph Church

Tax Advantages and Giving Strategies

Tax Advantages of Thoughtful Giving

Federal and state laws on income and inheritance taxes encourage charitable giving. All contributions to the Journey of Grace 150 campaign are tax-deductible.

It is particularly advantageous to contribute stocks, securities, real estate or other valuables. The current fair market value of securities or property is deductible and by transferring these assets to St. Joseph Church the donor pays no capital gains tax. For substantial gifts of real estate, other than marketable securities, the IRS requires an appraisal. Our campaign committee can assist with making those arrangements and streamlining the process of your gift transaction. Call us at (913-631-5983 or email journeyofgrace150@stjoeshawnee.org to discuss.

 Strategies for reducing your tax liability and using assets like stock or real estate to make a meaningful gift to the campaign can be easier than you think. A variety of gifts can qualify, including:

• Gifts of Stock, Bonds or Mutual Funds
• Gifts of Property, Life Insurance, Annuities, Wills or Bequests
• Gifts from IRA, 401k, 403b, Roth IRA, Keogh or Pension Plan Accounts
• Corporate Matching Gifts

Corporate Matching Gifts

Every dollar makes a difference for the Journey of Grace 150 campaign. And if your employer offers charitable gift matching, your gift could have an even bigger impact. Many companies will offer 1:1, or even 2:1 matching for gifts to qualifying 501(c)(3) nonprofits like St. Joseph Parish. Retirees are often eligible for these programs, as well.  Learn more. 

Donor-Advised Funds

In your estate planning, or if you're considering selling a business or other asset, you may want to consider a donor-advised fund. 

Donor-advised funds are popular vehicles for donors to protect their hard-earned money while giving to charitable causes when they see fit.  Donor-advised funds are funds that donors create by depositing cash, appreciated securities or other assets, and then distributing the money to charities over time. Setting up a fund like this is quick and easy.

One reason for their appeal: Individuals can take an immediate tax deduction against the full amount they contribute to a donor-advised fund, but there are no rules or regulations about how quickly the money actually has to be distributed.  Learn more

Other giving strategies and vehicles can help you consider a meaningful gift for St. Joseph Church. Contact us to discuss a variety of options.