Year-End Giving

If you’re planning a year-end gift to Nativity of Our Lord, thank you!  Perhaps the following information will be helpful to you.
 
Gifts from IRAs
If you make a direct transfer from your IRA to Nativity, the transfer goes toward fulfilling your Required Minimum Distribution (RMD).  Such a distribution does not increase your adjusted gross income, however, because it is a charitable gift distributed to a third party.  This option is particularly beneficial if you do not itemize deductions on your tax return.

Gifts of Stock
Gifting stock might provide you with double the tax benefits! First, you might be able to claim a charitable contribution in the amount of the current market value of the stock (original cost plus any increase in value). Second, you will likely avoid paying taxes on the appreciated value of the donated stock.
 
As always, please contact your financial or tax advisor for advice about your particular financial situation.  Need help in facilitating transfers to Nativity? Please call Laura, our parish Business Administrator, at (651) 696-5423.