Ways To Give
This is intended to be informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.
Cash, Direct Debit, Checks and Credit Cards
To make a gift of cash to St. Mark the Evangelist Catholic Church, please make your check payable to "St. Mark the Evangelist Catholic Church." Specify which program, or priority you wish your gift to support. Or you can click on Donate Now button to make a gift online.
Gifts of Stock
Gifts of appreciated securities and closely held stock can be extremely beneficial - both to you and to St. Mark the Evangelist Catholic Church. You may receive an income tax deduction equal to the fair market value of the securities, as well as reduce or eliminate capital gains taxes. Gifts of stock and mutual funds are coordinated by the Business Manager, Mac McCarthy. Proceeds from the sale of these assets my be directed to any program you wish. Call 210-494-1606 ext. #311 or email mmccarthy@stmarkeevangelist.com.
Estate and Gift Planning
Gift planning offers you a unique opportunity to leave a legacy to to St. Mark through your estate plans. In some cases, donors can reduce their income tax and even avoid capital gains tax.
Gifts From Your Will
Include a bequest to St. Mark the Evangelist Catholic Church in your will. Make your bequest unrestricted or direct it to a specific purpose. Indicate a specific amount or percentage of the balance remaining in your estate.
-
Your assets maintain control during your lifetime.
-
You can modify your gift to address changing circumstances.
-
You can direct your gift to a particular purpose .
You may wish to share the following sample language with your attorney:
"I give, devise and bequeath to St. Mark the Evangelist Catholic Church for the use of St. Mark Church. This gift may be used in support of a capital campaign or however seen fit at the time."
Tax-Free IRA Qualified Charitable Distribution
The IRA Qualified Charitable Distribution allows donors to exclude certain transfers of Individual Retirement Account assets that are made directly to public charities from their taxable income.
To qualify:
-
You must be age 70 1/2 or older at the time of the gift.
-
Transfers must be made directly from a traditional IRA account by your IRA administrator to St. Mark the Evangelist Catholic Church. Gifts from 401(k), 402(b), SEP and other plans do not qualify.
-
The gift must be completed during the applicable tax year.
-
Your gift may not exceed $100,000.
Gifts of Life Insurance
Making St. Mark the Evangelist Catholic Church your life insurance beneficiary allows you to transfer ownership of a paid-up life insurance policy to St. Mark the Evangelist Catholic Church.
Beneficiaries of Your Retirement Plans
Designate St. Mark the Evangelist Catholic Church as a beneficiary of part or all of your retirement plan or your IRA. Normally the assets held in an IRA or retirement plan will be subject to both income tax and estate taxes, but if you name St. Mark the Evangelist as ta beneficiary of your plan, that portion will pass to St. Mark the Evangelist Catholic Church free of income or estate taxes.