Cash is one of the easiest ways to make a charitable contribution. A cash contribution can be a check, money order or cashier’s check. You can either establish an endowment fund or give to an existing fund.
Gifts of securities are accepted by the Catholic Foundation. The securities may be given so that the donor receives a tax deduction equal to the fair market value of the donated assets while avoiding capital gains tax on the donated assets. The Catholic Foundation will work with you to facilitate the donation of both marketable and closely held securities. Donors whose gifts are matched by a company will receive credit for the matching amount.
IRA Charitable Rollover
If you are over the age of 70 1/2, you must take a required minimum distribution from your IRA. Normally, this distribution is taxed as ordinary income. However, federal legislation currently allows you to make a direct distribution from your IRA to a qualified charity, such as the Catholic Foundation. Such distributions, while not subject to income tax, will still count toward fulfilling your required minimum distribution.