Planned Giving

There are a number of ways to make a charitable gift, each with its advantages and features.

• Gift of cash. Giving cash is easy and the most popular way to make a charitable gift. This year you can make a gift either to our Offertory fund or our Next Chapter Capital Campaign fund. You can make your online gift with Church Center.

• Gift of appreciated stocks, bonds, or mutual funds.  Gifts of long-term appreciated securities (i.e., securities you have held for longer than one year) can help you bypass capital gains tax even if you are not able to itemize your charitable donations. You transfer your long-term appreciated security from your brokerage account directly to St. Gabriel through our brokerage account. You may receive an immediate charitable income tax deduction of the full fair market value of your contribution for up to 30% of your adjusted gross income (AGI), and, importantly, eliminate any capital gains tax. Find our detailed stock transfer instructions here.

• Qualified Charitable Distribution (QCD). If you have attained age 70 ½ and you have an Individual Retirement Account (IRA), you may distribute up to $100,000 tax free from your IRA to a qualifying charity (see news release from the IRS). This distribution satisfies your required minimum distribution (RMD) and reduces your taxable income dollar for dollar. Gifts must be made directly from the IRA to St. Gabriel. Your IRA administrator will likely have a form that you can use to make an IRA direct charitable gift request. Otherwise, here is a sample letter that you can complete to make the request.

• Establishing a Donor Advised Fund. Perhaps you are facing a significant taxable event such as the sale of a business or a highly appreciated asset. Or your advisor may be suggesting that you bunch several years’ worth of charitable donations into one year to gain a current income tax deduction in one year but recommend grants to your favorite charities over a span of several years. A Donor Advised Fund may offer you both the tax advantages and the giving flexibility that you desire. Learn more about Donor Advised Funds from The Catholic Foundation.