Celebrating Our Past, Building for Our Future
60th Anniversary Capital Campaign.
Thanks to those who have made a pledge and supported the Celebrating the Past, Building for the Future capital campaign. If you have not yet made a pledge, please consider doing so. We need gifts at all levels and pledges can be paid over a five-year time period.
Advent and the holidays are near. Year-end giving is an opportunity to support the Church and other charities that are important to you and realize certain tax benefits.
Can I make an IRA – Direct Charitable Distribution to support the parish and the campaign? Yes. Individuals starting at age 70-1/2 can transfer up to $100,000 from their IRA’s to charity tax-free. The gift counts as their required minimum distribution for the year but it is not included in their adjusted gross income. This can be a great way to avoid having to pay taxes on your RMD if you want to support a charity, and it gives you a tax break even if you do not itemize your deductions.
Can I make my gift with stock? Donating appreciated securities offers considerable tax advantages. Donors can deduct the current market value of a stock donation on the date of the gift and do not have to recognize the income from any related appreciation of the securities. To make a stock donation, instruct your broker to transfer the shares you wish to contribute to the Diocese of Joliet’s account with Stofan, Agazzi and Co., Inc. Your broker will need to know the Diocese’s DTC #0141 and the Diocesan Account #2496-9663. Donors are strongly encouraged to notify the diocese by calling 815.221.6192 on or around the date of such a gift and provide your name, the company name of the stock and the number of shares to be transferred so that the donation can be quickly processed and properly credited to Holy Family Parish and/or the Celebrating the Past, Building for the Future capital campaign.
Questions? Contact Lorraine Klemz at LNCinc@live.com