All we have is a gift from God.
What we do with what we have is our gift to God.
End of Year Financial Giving Guidelines
Thank you in advance for remembering St. Bartholomew in your charitable giving during this Advent Season! The following guidelines have been established for end-of-year offerings to help you plan for the remainder of the year. If you would like your contribution to be recorded as a 2018 contribution, you may:
· Mail your contribution with a postmark of December 31, 2018 or earlier;
· Deliver your contribution to the Parish Office, which closes on Monday, December 31 at noon;
· Place your 2018 contribution in the offering basket during the 5:00 p.m. Mass on Monday, Dec 31, 2018;
· If you are making a stock donation, the date of the donation is the date you turn the stock over to our broker regardless of when the parish receives the check. Please let us know ahead of time when you plan to transfer stock by contacting Jeannie Judge, Director of Stewardship and Development, at firstname.lastname@example.org or 952-473-6601, ext 238.
2018 year-end statements will be mailed prior to January 31, 2019.
Put your IRA to work with a last-minute 2018 contribution to St. Bartholomew
New tax reform laws make “qualified charitable deductions” even more valuable than ever in 2018.
You may be one of many taxpayers taking the standard deduction under the new tax law. That eliminates your tax deduction for charitable gifts because you may not itemize. A qualified charitable deduction is a way to remedy this, by giving you a tax break for your 2018 charitable contributions.
If you are 70½ or older, it may be worth considering a last-minute qualified charitable deduction (QCD), under which you sell stock, shares, or transfer cash from your IRA to a charity.
You can even satisfy your RMD, or required minimum distribution, from your retirement account, and transfer that money directly to the charity. Taxpayers age 70½ or older are required to take RMDs every year. Using this method of charitable, you can effectively replace taxable RMDs with tax-free transfers to charity.
A broker or your accountant should be able to help but time is of the essence — you must complete a funds transfer by Dec. 31, 2018.
St. Bartholomew is a stewardship faith community. It is a way of living each day in gratitude for all the blessings that God has given to us. The roots of stewardship can be found in the Bible, which tells us over and over that God is the Creator and Giver of all gifts. It is our responsibility to show our gratitude to God for these gifts, by giving back to Him the “first fruits” to do God’s work on earth.
Schedule Giving allows you to set your own giving amount, giving frequency, and fund designation. Choosing to give electronically helps St. Bartholomew by reducing administrative costs and improves the day-to-day financial situation of the parish.
Benefits to You
- Convenience – No need to write a check every week.
- Peace of Mind – Your contributions will be made automatically if you’re out of town or unable to attend church.
- Efficient – You create a predictable cash flow to support the ministries that are important to you.
- Simple – You choose the amount and timing of your contributions. You can adjust or stop your contributions at any time.
The St. Bartholomew Legacy Society was established in 1997 to serve parishioners by offering opportunities for achieving their charitable goals and to support and strengthen the mission of the Church. When you establish a planned gift naming St. Bartholomew, you’ll become a member of the St. Bartholomew Legacy Society and enjoy the personal satisfaction of continuing your family’s legacy of caring and supporting the ministries of St. Bartholomew through the generosity you have shown through life.
What to Do Next? If you have remembered St. Bartholomew in your estate planning, please let us know so we can properly acknowledge your generosity as a member of the St. Bartholomew Legacy Society.
Legacy of Faith Educational Endowment
Have you every wished that a gift could continue forever or that it could continue to benefit year after year? The St. Bartholomew Educational Endowment does accomplish this objective where it will…
- Grow: Your contribution will be carefully invested to increase in overall value.
- Produce: Your investment will provide annual gifts to help St. Bartholomew fulfill its worthy mission.
- Endure: Your investment will last because only part of the income will be used each year.
When you establish a planned gift naming the Legacy of Faith Educational Endowment, you’ll become a member of the St. Bartholomew Legacy Society.