Tax-Wise Giving Options

Gifts from an IRA – if you are 72 ½ or older, you can make a tax-free gift directly from you IRA account to St. Bartholomew. This law allows you to transfer any amount up to $100,000 annually directly to a qualified charitable organization without paying income tax on the distribution. The transfer does not generate taxable income or a tax deduction, so you benefit even if you do not itemize your tax deductions. Your gift can satisfy all or part of your required minimum distribution (RMD).

Gifts of Stock - Gifts of appreciated assets such as stock are an excellent way for you to make a charitable gift. Stock may be transferred directly to the Archdiocese of Los Angeles for the benefit of St. Bartholomew. These gifts will not affect your cash flow, and they provide the following tax benefits:

• A possible charitable deduction to help you on taxes
• Bypass of federal and state capital gains taxes
• Avoidance of the tax on net investment income

From a tax perspective, a gift of appreciated assets makes good sense. You can make the capital gains taxes optional, achieve significant tax savings, and support parish programs. For additional information please contact Brooke Glazer at (213) 637-7512 or bglazer@la-archdiocese.org.

Remembering St. Bartholomew in your will or trust - Leave a lasting legacy to St. Bartholomew. If you are considering St. Bartholomew as a beneficiary in your will or trust, the full legal name of the beneficiary is:

“For where your treasure is, there also will your heart be.”
–Matthew 6:21