A Tax-Savvy Way to Support St. Barnabas
Please help us cover our increased operating costs by considering a direct gift of securities or mutual funds. You can reduce or eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. For more information about donating stock or securities, please contact your financial advisor.
To make a stock donation to St. Barnabas, please visit archchicago.org/stockgiftform and complete the electronic Letter of Intention form. Once you have submitted the form, you will receive a confirmation email with detailed instructions for you to complete your gift. If you have any questions, please contact Karen Whitehead, Archdiocese of Chicago at 312.534.7461 or [email protected].
We Love because He first loved us. (1 John 4:19) Jesus told us “whatever you do for the least of my brothers, you do for me.” Every day, we have the opportunity to be the face of Jesus to others. You can help to support our parish and cover our increased operating costs by making a qualified charitable distribution (“QCD”) gift from your individual retirement account.
A QCD gift (a.k.a. IRA charitable rollover) allows individuals age 70½ or older to authorize their IRA administrator to make a direct transfer of funds from their IRA to qualified charities, taxfree. This way of giving does not generate taxable income, which may lower your annual income level. If you are age 72 or older, the amount you transfer may count towards your required minimum distribution.
If you would like more information on how to make a QCD gift to St. Barnabas, please contact Elisabeth McNamara 773.779.1166 x227 or [email protected].