Boost Year End Giving
As the year draws to a close, it’s the perfect time to encourage parishioners to consider how their generosity can support the mission and ministries of the parish. The festive spirit of Christmas, coupled with potential tax benefits, often inspires increased charitable giving. Highlighting the diverse ways parishioners can contribute helps them make informed decisions about supporting the parish and its future.
1. Recurring Online Giving: Ensuring Stability Year-Round
Year-end is an excellent time to encourage parishioners to move their giving online and set up a recurring gift. Online recurring donations provide a consistent and reliable source of income for the parish, helping to sustain daily operations, ministries, and outreach programs throughout the year. It also offers parishioners a convenient and secure way to contribute regularly without the need for envelopes or weekly reminders. Promoting this option now allows parishioners to start the new year with a commitment to ongoing generosity that supports the parish's mission in a sustainable way.
2. IRA Charitable Rollovers: A Strategic Tax-Saving Opportunity
For parishioners aged 70½ or older, an IRA Charitable Rollover is a tax-efficient way to give. Individuals can transfer up to $100,000 annually from their IRA directly to the parish or another qualified charity. This method fulfills required minimum distributions (RMDs) for those aged 72 and older while reducing taxable income.
3. Bequests and Estate Planning: Building a Legacy
Including the parish in a will or trust is a meaningful way to leave a lasting legacy. Bequests ensure the parish’s financial stability for generations to come and reflect the values most important to the donor.
4. Stocks and Mutual Funds: Maximize the Impact of Your Assets
Donating appreciated stocks or mutual funds can provide significant tax advantages. Donors may avoid capital gains taxes and potentially deduct the full market value of the assets, making this an efficient way to support the parish.
5. Matching Gifts: Amplify Your Generosity
Many employers offer matching gift programs, doubling or even tripling contributions made by their employees. Parishioners can check with their employers about these programs to significantly increase the impact of their donations.
Getting Started
To help you get started, we’ve prepared a variety of resources to guide your efforts.
Click below to view the resources
