Ways to Give
Make a Stock or IRA Gift
TAX-FAVORED CHARITABLE GIFTS
In order to make a charitable gift for Federal Income Tax purposes, you must make your gift before December 31. There are many ways to make a charitable gift to St. Patrick's.
The Charitable IRA Rollover
For those aged 70 1/2 or older, it is once again possible to make tax-favored charitable gifts from traditional IRA accounts.
In the Protect Americans From Tax Hikes Act of 2015, the charitable IRA rollover provision was made permanent. Under the charitable IRA Rollover provision, a total of up to $100,000 can be transferred directly from traditional IRAs to one or more qualified charities, such as St. Patrick's.. A distribution made to a qualified charity under the charitable IRA rollover procedure will not be included in the donor’s taxable income for the year.
To make such gifts, it is important to not withdraw funds prior to a gift but have the gift amount distributed directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA. Check with us, your IRA administrator or your tax advisor for more information.
Gifts of Stock or Other Marketable Securities
A gift of long term appreciated publicly traded stock may entitle the donor to an income tax charitable deduction for the fair market value of the stock on the effective date of the gift and also avoid capital gains tax.
In many cases it is more advantageous for a donor to donate the securities to a qualified organization than to sell the securities and donate the cash proceeds. However, we recommend that you consult your tax advisor for additional information. We can provide you or your broker all the needed information to transfer shares.
In order to make a charitable gift for Federal Income Tax purposes, you must make your gift before December 31. There are many ways to make a charitable gift to St. Patrick's.
The Charitable IRA Rollover
For those aged 70 1/2 or older, it is once again possible to make tax-favored charitable gifts from traditional IRA accounts.
In the Protect Americans From Tax Hikes Act of 2015, the charitable IRA rollover provision was made permanent. Under the charitable IRA Rollover provision, a total of up to $100,000 can be transferred directly from traditional IRAs to one or more qualified charities, such as St. Patrick's.. A distribution made to a qualified charity under the charitable IRA rollover procedure will not be included in the donor’s taxable income for the year.
To make such gifts, it is important to not withdraw funds prior to a gift but have the gift amount distributed directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA. Check with us, your IRA administrator or your tax advisor for more information.
Gifts of Stock or Other Marketable Securities
A gift of long term appreciated publicly traded stock may entitle the donor to an income tax charitable deduction for the fair market value of the stock on the effective date of the gift and also avoid capital gains tax.
In many cases it is more advantageous for a donor to donate the securities to a qualified organization than to sell the securities and donate the cash proceeds. However, we recommend that you consult your tax advisor for additional information. We can provide you or your broker all the needed information to transfer shares.
Foundation Fund Options
St. Patrick's Parish Foundation is overseen by the Catholic Futures Foundation. To read full descriptions of each fund and/or to make a donation, scan the QR codes below or visit: https://catholicfuturene.org/give-online/ and search for St Patrick (be sure the location is Elkhorn).
800.631
St. Patrick Church of Elkhorn Parish 
800.634
St Patrick Tuition Assistance- Deceased Parent |
800.632
St. Patrick School of Elkhorn Tuition Assistance 
800.635
St Patrick School Tuition Assistance - Grandparents Fund |
800.633
St. Patrick School of Elkhorn Education Foundation 
800.636
Kami Landenberger Legacy Fund for Educator Development |
