Stewardship, for Catholics, is based on the spiritual principles of the Old Testament and the teachings of Jesus. Stewardship encourages each of us to reflect on our blessings from God and to share our gifts with others, more out of gratitude than obligation.
Expressing one’s appreciation with a gift of treasure can be both spiritually rewarding and financially practical.
And thanks to our tax laws, giving to these worthy causes may also financially benefit the donor, because providing support to charities can also significantly reduce one’s income taxes.
There is no easier way to gain a year-end charitable deduction than by a gift of cash — either by check or credit card. However, the most tax-efficient way is by donating investments that have appreciated. Donors can deduct the fair value of the asset from their tax bill and avoid the capital-gains tax that would have come from selling the investment. This works with stocks, mutual funds, bonds, real estate and other appreciated assets.
Many Different Ways to Give
Outright cash gifts are the most common form of giving; your gift becomes immediately available to support important programs and services. The donor will be credited with the full amount of his or her gift – which may be tax deductible. Available Now: Donate with a credit card or a bank transfer, click HERE.