Ways to Give

WAYS TO GIVE
Selecting the best gift plan depends upon one's personal financial situation and goals. As each household's situation is unique and tax laws are always changing, donors are encouraged to consult with financial advisors to determine which method of contributing is most beneficial to them.

PLEDGES 
Pledges are commitments made in good faith but are not legally binding. Donors may want to consider stretching pledges over a three-year period to maximize the total amount of support. This commitment can be fulfilled through monthly, quarterly, semiannual, or annual installments. Payments on pledges are deductible for income tax purposes as provided by law. We encourage you to consider a 10 to 20 percent initial payment to begin your commitment. 

GIFTS OF CASH 
Gifts made by cash or check are the most common and will allow St. Al’s to address its immediate needs. You may choose to pay by credit card. St. Albert the Great University Parish accepts Visa, MC, AMEX, Discover, and ACH drafting.  Payments may be made online. 

St. Albert the Great University Parish will gratefully accept gifts in other forms, including the following: 

SECURITIES
Stocks, Bonds, and Mutual Funds 
Charitable gifts of stocks, bonds, or mutual funds that have been held for at least one year and have appreciated offer special tax advantages. You will receive a tax deduction for the full market value of the gift, but you will not have to pay capital gains tax on the appreciated amount. If you sell depreciated stock and contribute the proceeds, you will receive both a tax deduction for the charitable gift and deduction for the capital loss.

These gifts are processed by the Diocese of Marquette of the behalf of St. Al's, and once processed the gift is sent directly to St. Al's. To make a gift of securities to St. Al's please contact Terri Gadzinski at TGadzinski@dioceseofmarquette.org or 906-227-9108

PLANNED GIFTS
Planned giving is the process of carefully selecting the best method and asset for making a charitable gift. A deferred gift through an estate plan or life income gift offers you the ability to support St. Albert the Great University Parish and retain the income from those assets during your lifetime. Such a gift can enable you to take full advantage of the tax laws to  accomplish your financial and charitable goals. Planned gifts can be made through, among others:

• Bequests by will or living trust
• Charitable Gift Annuities
• Charitable Lead or Remainder Trusts
• Beneficiary benefits from IRAs, pensions, or financial accounts

IRA REQUIRED MINIMUM DISTRIBUTIONS
If you are over 70½ years old and have required minimum distributions from a traditional IRA, you can gain tax breaks by lowering your taxable IRA payout as well as your adjusted gross income with a qualified charitable distribution, where donations are made directly from the IRA to a charitable organization and count against required distributions.

MATCHING GIFTS 
Many companies offer a matching gift program for employees and retirees. This allows donors to maximize their giving potential. For information and required forms, check with your company's human resources department.

Questions about making a gift to St. Albert the Great? Contact Rhen at rhen@mtucatholic.org or 906-482-5530.