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IRA DIRECT TRANSFER. If you make a direct transfer from your IRA to St. Michael, you get to count that money toward your required minimum distribution – but, because it’s not actually distributed to you, this won’t increase your adjusted gross income. This option is particularly beneficial if you don’t itemize deductions on your tax return.
GIFTS OF STOCK. A gift of stock to St. Michael can provide you with DOUBLE TAX BENEFITS. First, you may be able to claim a charitable donation in the amount of the market value of the stock (original cost plus any increase in value) on the date the gift is made to St. Michael. Second, you avoid paying taxes on the appreciated value of the donated stock.
MATCHING DONATION. Your employer may offer a matching donation to a qualified charitable organization. Some employers will match to the Church. Most employers will match to the school. This is a way to double your gift to benefit St. Michael.
Gifts received will benefit the mission of St. Michael Catholic Church. Directed gifts are welcome to benefit St. Michael Catholic School (“SMCS”), SMCS Tuition Assistance Fund, SMCS Endowment, Vision 2020 Capital Campaign, Parish Endowment, or St. Michael Cemetery.
To learn more or to coordinate a planned gift you are invited to work with Nathan Meehling in the business office at 952.447.9033 or nmeehling@stmichael-pl.org. Your call or e-mail is welcome!
Thank you for considering St. Michael in your charitable giving. Holiday Blessings to you and your family!