Year-End Giving

St. Barnabas is most grateful for all of the gifts that we receive throughout the entire year. While most of these gifts are in the form of a check or credit card, some of our friends give through their IRA or via a gift of appreciated securities/stock. Your IRA administrator or broker would assist you in facilitating these types of gifts. Please see below for more information:

 

Gift of Appreciated Securities/Stock:

  • Minimizes or eliminates taxes on capital gains
  • Itemized charitable deduction for the FMV of the stock, up to 30% of your Adjusted Gross Income (AGI) 

 

IRA Charitable Rollover:

  • Donor must be age 70½ or older
  • Helpful to donors who do not itemize
  • Transfer must be made directly to St. Barnabas Church from your IRA administrator
  • Amount transferred will not be included in your annual taxable income
 
Withdrawal can be applied toward your annual Required Minimum Distribution (RMD) 

For more information or stock donation instructions, please contact Gail Byrnes at gbyrnes@stbarnabasparish.org or call 773-779-1166, ext. 227.