To make a gift now, click the button Give Online on the top right corner of the page.
Gift planning includes a range of possibilities . . .
From making a gift in the near future by dropping it off or mailing it to church or via Electronic Funds Transfer. Click here to setup a one-time or recurring donation.
To sharing a gift intention for the coming year by filling out a 2021 pledge card.
To creatively planning how you will use your assets now or sometime in the future.
To putting plans in place for a legacy gift extending beyond your lifetime.
Donor Advised Funds
If you have established a Donor Advised Fund, please consider a grant to support the ministry of Saint James.
Who Says It Has to be Cash?
Did you know that only about 5% of our wealth is in the form of cash? The remaining 95%, not found in our bank accounts or in our pockets, includes stocks, mutual funds, homes, and retirement accounts.
Qualified Charitable Distributions (QCD)
Those age 72 and older may have Required Minimum Distributions (RMD), if they have traditional retirement accounts. Making a qualified charitable distribution can provide tax advantages, even for those who do not itemize on their tax returns.
Remember . . . you don’t have to wait until the end of the year. Consider whether this is a good time to make a gift and contact Michelle Lichty, Parish Administrator at 608-497-3402 or [email protected] for more information on this type of gift.
Gifting Appreciated Stock to Saint James
When you are considering your gift to Saint James, one of the most effective means of tax savings available is gifting appreciated stock or mutual funds. When you donate qualified appreciated stock (generally stock held for at least one year), you may be able to deduct as a charitable deduction the fair market value (FMV) of the stock (even though you may have paid substantially less when purchased) and not be subject to the capital gains tax for stock gift.
For example, if you gifted $10,000 FMV qualified stock to Saint James assuming a 35% tax rate, you may be able to realize up to $3500 of tax savings and not pay capital gains tax on the stock gift. If instead, you sold the stock and donated the proceeds, you would likely be assessed a capital gains tax on the FMV less your cost basis.
Remember . . . you don’t have to wait until the end of the year. Consider whether this is a good time to make a gift and contact the church office for more information on how to do so.
Future Gifts
Possibilities might include provisions for:
Gifting it now, or in the future
Continuing to live in your home or moving out
Receiving annual income for life, or a set period of time
Providing favorable tax advantages for you or your heirs
Retirement Accounts and Life Insurance Policies
This normally can be easily accomplished by designating Saint James as a beneficiary for an account or policy, or a percentage of the eventual value.
A gift of property, such as a home or other property, with options for:
Make a Gift to Saint James through your Will
Make an impact and leave a legacy. You can indicate an amount or, provide a percentage of your estate value.
These descriptions are not intended to provide financial or tax advice so please consult with your investment and tax professional for financial advice and further information.
