Your St Ambrose Legacy

Consider an IRA Charitable Rollover! If you are 70½ or older, the IRA rollover is a great way for you to make a gift to support our parish. IRA rollover gifts can make a huge difference. These gifts will help sustain us in our important work to strengthen our community. The IRA rollover’s key provisions are:

•   The IRA rollover allows donors 70½ or older to transfer up to $100,000 directly from their IRA to a qualified 501c3 charity on an annual basis.

 

•   An IRA rollover gift is a tax-free distribution for the donor. Qualifying individuals can make charitable gifts using pre-tax IRA assets rather than taking a distribution, paying income taxes and using after tax assets to make a charitable gift.

 

•  An IRA rollover gift can be used to meet all or part of an IRA’s annual required minimum distribution

For more information on making an IRA Rollover gift to our parish, contact Michelle Thompson at 713.686.3497or email mthompson@stambrosehouston.org. 


Gifts of Securities Donating stock to support the mission of your parish or the Archdiocese can offer even more tax benefits than writing a check. As stock prices increase, so do the taxes you owe on the long-term capital gain, which are generally charged at a rate of 15 percent. But when you donate publicly traded stock you've owned for more than one year to a qualified charitable organization such as your parish or the Archdiocese, you enjoy two major tax benefits:

• You will be exempt from paying capital gains taxes on any increase in value—taxes you would pay if you had otherwise sold the securities.
• You are entitled to a federal income tax deduction based on the current fair market value of securities regardless of their orginal cost.