SAVE ON TAXES & MAXIMIZE YOUR CONTRIBUTION TO THE PARISH

Simply stated, they are donating appreciated stock which they own to the Parish in lieu of making their periodic Offertory donation. They receive a tax deduction for the appreciated value of the stock and pay no capital gains tax on the gain of the stock while they owned it. For example, they purchased 100 shares of XYZ Corp for $2000 in 2007. Assume today those 100 shares are worth $4,000. There is a relatively simple process by which these 100 shares can be donated to the Parish. The Parish would receive $4,000 and the parishioner would receive a tax deduction of $4,000. The parishioner would NOT pay any capital gains tax on their $2,000 profit.
Discuss this opportunity with your Financial Advisor. If you want more details, contact Gene Fogarty, [email protected],, Chairperson of the Parish Development Council or Sean Bogda, [email protected], Chairperson of the Major Gifts Committee.