We encourage you to seek the counsel of a financial planner or tax advisor to determine the most tax-wise method of making a contribution to the Church of St. Peter and the best way to satisfy your financial planning needs. If you do not have an advisor, please contact Tricia Hengemuhle (651) 777-8304 ext. 6146 and she will be happy to provide you with volunteer resources who will answer your questions in a professional and timely manner.
Cash Gifts Outright gifts of cash, either given immediately or committed over a period of three tax years, is the most prevalent and and often the simplest way to make a commitment. Current tax law provides a substantial deduction from your adjusted gross income for a contribution made in any calendar year.
Appreciated Property You may find that gifts of appreciated property, such as real estate holdings, a personal residence, a second home, land, common stock, bonds or other securities could offer a significant tax savings.
Closely Held Stock Stock contributed from a family business or other closely held stock may offer the opportunity to maximize your commitment to our campaign and receive the tax deduction for the gift, and eliminate substantial taxes on capital gains realized between the acquisition date of the stock and the contribution date.
If you intend to transfer shares of stock or securities, it is important for your broker to call Tricia Hengemuhle, our business administrator at (651)777-8304 ext. 6146 and indicate the impending action. Be certain to instruct your broker to transfer the shares of stock directly to the Church of St. Peter and not sell the stock and then transfer the proceeds to the parish to maximize your tax savings.
Employer Matching Funds You may wish to consult with your employer to determine if a matching gift from your company can double the value of your contribution.