There are many ways you can give to St. Paul’s to make a positive difference in the lives of our residents. In addition, the way you give can also benefit your own financial and tax situation. To find out what giving option is right for you, please talk to your financial planner.
You can also learn more about the giving opportunities available by contacting Dawn Hartman, Director of Planned & Major Giving at 724-588-7610 ext. 1214.
The simplest way to give is an outright gift by check or credit card. Simply click on the link below to get started.
Give on the go by using your mobile device to text-to-donate. Simply text the word SPGIVE to 44-321. Follow the simple steps to complete your gift.
Gifts of stock or appreciated securities can be transferred to St. Paul’s. There can be several benefits to you for doing this, including an immediate charitable deduction and avoidance of capital gains tax.
If it’s in your heart to give to St. Paul’s on a regular basis or you’d like to spread out a large donation over time, you can set up a recurring monthly gift. The simplest way to do this is to set up a recurring payment through your online banking. The gift will then be automatically withdrawn each month from your checking or savings account and sent to St. Paul's. You can stop recurring monthly gifts at any time.
A charitable bequest in a will or trust is the most common type of planned gift arrangement. You can elect to leave St. Paul’s a specific dollar amount or a percentage of the total value of your estate. Charitable bequests cost you nothing during your lifetime, can be changed at any time and can minimize potential estate costs and taxes.
If you do include St. Paul’s in your estate plans, please let us know so we may thank you for your gift and add you to our Legacy Society. Simply complete the form below.
If you have a traditional IRA, at the age of 72, you will have to begin withdrawing a minimum required distribution each year, which is taxable income. If you don't need that money for your personal use, another great option is gifting it directly to St. Paul's from your IRA tax-free. More info.
Another tax efficient way you can make a donation is to name St. Paul’s a beneficiary of all or a portion of a retirement account, such as an Individual Retirement Account (IRA), 401(k), 403(b), etc.
Retirement plans are some of the most heavily-taxed assets if left to heirs. In addition, recent changes to the law have eliminated stretch IRAs for non-spouse beneficiaries. Because of these reasons, some donors elect to leave other assets to their heirs, and name a charity as the beneficiary of their retirement plan instead.
You can name St. Paul’s as a beneficiary or owner of your life insurance policy. This entitles you to an income tax deduction.
A charitable gift annuity is an irrevocable agreement with St. Paul’s that pays you and/or a spouse a fixed income for life, part of which may be tax-free. A CGA can be established with a gift of $10,000 or more. In exchange, you will receive fixed, annual payments from the annuity for life. The amount that remains after your passing will go to St. Paul’s. You can also choose one other charity to benefit if you desire. When setting up a charitable gift annuity, you are entitled to a charitable contribution tax deduction that year. More info.
Charitable Remainder Trust
There are two kinds of charitable remainder trusts - annuity and unitrust. Both are irrevocable and offer charitable tax deductions similar to a charitable gift annuity.
With a charitable remainder annuity trust, you receive a fixed annuity payment from the trust each year, which is calculated by a percentage rate of the original gift. For example, if the rate is 6% of a $150,000 gift, the annual annuity payment would be $9,000, regardless of the amount of the principal. With this kind of trust, there is a possibility that the donor could outlive the principal available in the trust.
With a charitable remainder unitrust, you receive a fixed annual percentage of the balance of the fund each year. Because of this, the payment will vary from year to year as the fund goes up and down. For example, if the fund starts out at $100,000 and your rate is 5%, your pay-out that year would be $5,000 (S100,000 x .05). If the fund grows the following year to $115,000, the pay-out would go up to $5,750 ($115,000 x .05).
With both kinds of trusts, upon your passing, the remaining principal would become a charitable gift to St. Paul's.