Charitable giving ideas for 2018
Will you have increased income as a result of the new tax changes? Perhaps you can consider increasing your offertory contribution to our parish. Changes in the tax law kept in place several popular and attractive charitable gifting options. Gifting appreciated stock (held more than 1year) to our parish may allow you to deduct the stock’s full value and bypass capital gains tax. Also, if you are 70 ½ or older, you may be able to reduce your taxable income this year with a gift made directly from your IRA to our parish. Talk to your advisors and IRA administrator for more information and to be sure that a gift is made directly from an IRA to a qualified charity such as our parish.
Questions? Contact our parish office at 216-771-6666 or via email at [email protected]. You are also welcome to contact Mary Lou Ozimek of the Catholic Community Foundation at 216-696-6525 x4070 or via email at mozimek@catholiccommunity.org.