We encourage you to seek the counsel of a financial planner or tax advisor to determine the most tax-wise method of making a contribution to the Church of St. Peter and the best way to satisfy your financial planning needs.
Cash Gifts Outright gifts of cash, either given immediately or committed over a period of three tax years, are the most prevalent and often the simplest way to make a commitment. Current tax law provides a substantial deduction from your adjusted gross income for a contribution made in any calendar year.
Appreciated Property & Investments You may find that gifts of appreciated property, such as real estate holdings, a personal residence, a second home, land, common stock, bonds or other securities could offer significant tax savings.
Closely Held Stock Stock contributed from a family business or other closely held stock may offer the opportunity to maximize your commitment to our campaign and receive the tax deduction for the gift, and eliminate substantial taxes on capital gains realized between the acquisition date of the stock and the contribution date.
If you intend to transfer shares of stock or securities, it is important for your broker to call the chief of staff at (651)777-8304 and indicate the impending action. Be certain to instruct your broker to transfer the shares of stock directly to the Church of St. Peter and not sell the stock and then transfer the proceeds to the parish to maximize your tax savings.
Employer Matching Funds
You may wish to consult with your employer to determine if a matching gift from your company can double the value of your contribution.
Leave a Legacy—Remember us in your Will & Estate Planning
We invite you to consider remembering the Church of St. Peter and St. Peter Catholic School in your legacy planning to help ensure we can continue to support the faith formation needs for generations to come. Here are a few options you wish to consider. As with any estate planning, we encourage you to consult with a licensed financial planner, accountant or attorney.
While Living:
Transfer of stock, bonds, mutual funds
Designate your IRA Required Distributions after age 70 1/2
As Part of an Estate Plan
Will – bequest
Life Insurance Beneficiary
Retirement Plan Beneficiary
Transfer on Death (TOD or POD accounts)
Trusts
Note: In many cases, you may designate a beneficiary to receive a specific percentage of the proceeds, not necessarily the entire amount.