There Are Many Ways To Give
Giving Non-cash Assets
Marketable securities (stocks, bonds, mutual funds, real estate, etc.)
A gift to Sacred Heart Parish of appreciated securities held for more than one year may provide significant benefits to you as a contributor, such as:
- Entitling you to a charitable income tax deduction for the full fair market value.
- Eliminating capital gains tax.
Qualified Charitable Distributions
For a potentially substantial tax deduction, consider making your gift to the capital campaign through a Qualified Charitable Distribution from a retirement account. Individuals 70 1/2 and older can allocate up to $100,000 out of your Required Minimum Distribution (RMD). This will reduce your taxable income and fulfill your required RMD, and you will pay no tax on the transaction. Check with your tax advisor for more details.*
*You should always consult with your financial advisor and accountant before initiating a charitable gift arrangement.
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Gifts of Commodities
Commodity gifts, such as grain or other crops, can be donated to support this campaign. In this case the farmer notifies the elevator that the harvest commodity being delivered or stored is to be given to Sacred Heart. The elevator will contact the parish, who will then sell the grain at market rate to the elevator. The elevator will send a check to the Sacred Heart. The farmer who donated the commodity will receive a gift letter and acknowledgement. For more information and some helpful tips, click the links below.