Tax-Advantaged Giving
Did you know?
You can support the Church of St. Patrick in a way that’s both meaningful and tax‑advantaged.
Several giving options allow you to make a lasting impact while maximizing the benefits of your generosity.
1
Qualified Charitable Distribution (QCD)
If you are 70½ or older, you may give up to $111,000 directly from a traditional IRA. A QCD can keep you from getting pushed into a higher tax bracket, lower your Medicare IRMAA surcharges, and decrease the amount of Social Security subject to tax, while preventing the phaseout and loss of other tax deductions and credits, and reducing or eliminating the Obamacare (NIIT) tax. It also counts towards your Required Minimum Distribution (RMD) requirement.
2
Gifts of Appreciated Securities
Donating stocks, bonds, or other securities held for more than a year allows you to avoid capital gains tax. This can allow you to donate significantly more than if you sold the stock and donated the proceeds..
3
Donor‑Advised Funds (DAF)
Make a charitable contribution now, receive an immediate tax deduction, and recommend grants to the Church of St. Patrick at the times that work best for you. This can contribute to a "bunching" tax planning strategy that alternates the use of standard deductions and itemizing in a way that maximizes the total amount of tax benefit you receive for your donations.
4
Planned Giving
Consider including the Church of St. Patrick in your will, especially for assets such as IRAs that otherwise would create taxable income for your heirs in addition to estate taxes for the estate.
