Year End

Tax Strategies

Year End Tax Planning Strategies

A gift of appreciated securities, including stocks or bonds, is an easy way for you to make a gift to St. Michael’s Episcopal Church. The potential benefits include reduction of your true "out-of-pocket costs" by avoiding capital gains tax, as well as receiving a charitable income tax deduction.

It's easy to make your gift today by electronic transfer. Please contact our treasurer, Dale Ensor,, for instructions to make a transfer from your brokerage account to St. Michael’s.

If you are older and wiser than 70 ½, then a Qualified Charitable Distribution to St. Michael’s may be appropriate. A QCD is a direct transfer of funds from your IRA custodian, payable directly to St. Michael’s. In addition to benefiting St. Michael’s, a QCD excludes the amount donated from taxable income, unlike regular withdrawals from an IRA. For an analysis of the benefits of a QCD for your situation, contact your financial advisor. Please contact our treasurer, Dale Ensor, for instructions to make a transfer.