Church members can donate stocks, bonds, and mutual funds to the church (as well as cash). A donation of an investment can be used as a deduction to help lower taxes, as well as help the church.
With the stock market reaching record highs, many portfolios have had significant gains over the past few years. By making a donation to St. Ignatius Church, the donor not only receives the tax deduction, but does not have to worry about any capital gains tax. It is a win-win for both parties. It is always recommended that you discuss these things with your accountant regarding the tax benefits and which items are best to donate.
For information on how to donate in this manner, please call Joyce Shipley in our Business Office. (443) 299-6489 Ext. 100