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Support
Catholic Charities
Gifts
of Cash (Give
on-line!)
Gifts of cash
to Catholic Charities may be made outright or pledged over a period
of up to three years. Check should be made payable to Catholic Charities.
If you are an itemizer, your gift is fully tax deductible up to
50 percent of your adjusted gross income. Any excess may be carried
forward for up to five years. Checks may be sent to: Catholic Charities, 6001 Marble NE, Albuquerque, NM 87110
Matthew 25 Society Membership Campaign Underway
The Matthew 25 Society is a society of faithful donors to Catholic Charities pledged to help care for “the least of these…”
Catholic Charities exemplifies the words of Jesus in Matthew 25, “Whatever you do to the least of these, that you do to me.” Founded on those words of Jesus, the Matthew 25 Society helps fund the many services provided in Northern, Central and Eastern New Mexico.
Click here for More Information on Membership
Gifts
of Appreciated Property
If you own stocks,
bonds, mutual funds or other assets that have increased in value
since the time of purchase, you may find it advantageous to give
them to Catholic Charities. Your outright gift of long-term, appreciated
securities is exempt from capital gains taxes and, if you itemize,
you may claim a charitable income tax deduction equal to the full
fair market value of the property at the time of the transfer. For
gifts of property, your gift is fully deductible for up to 30 percent
of your adjusted gross income, and like gifts of cash, may be carried
forward for up to five years. (See your accountant for details)
Gifts
of Cars & Other Vehicles
Catholic Charities accepts donations of vehicles that are in good mechanical condition, requiring no reconditioning and able to pass a required emission test. All donated vehicles are given to newly arrived refugee families, through the Refugee Resettlement Program. For donations or information, please Call 724-4671.
Gifts
of Real Estate*
You can make
a gift of real estate to Catholic Charities and receive substantial
benefits. For an outright gift of real estate, the donor received
a charitable income tax deduction based on the fair market (appraised)
value of the property. Through a retained life state, you may make
a gift of your personal residence but retain the right to live in
it during your lifetime. You are still responsible for paying taxes,
insurance, and maintenance costs, but you do receive a substantial
charitable income tax deduction in the year that the gift is made.
In some cases, real estate may be used to provide a life income
stream through a charitable remainder trust or other gift planning
option.
Life
Income Gifts*
Donors may make
a gift to Catholic Charities and receive direct financial benefits
including an income for life for the donor and/or the donor's spouse,
and a charitable income tax deduction. Popular options include the
charitable gift annuities and the deferred gift annuity. These options
require a minimum gift of $5,000, and the gift may be designated
to benefit any program at Catholic Charities.
Charitable
Gift Annuity*
A gift annuity
is a contract between the donor and Catholic Charities that provides
advantages to both. The donor makes a gift and receives a guaranteed
payment for life and a charitable income tax deduction. The payout
rate is based on the age of the donor at the time the gift is
made. Charitable gift annuities may be funded with cash or securities.
Payouts may be made annually, semi-annually, quarterly, or monthly.
Deferred
Gift Annuity*
A deferred
gift annuity operates like an IRA and is similar to a charitable
gift annuity, except that the payments are deferred to a future
date. In addition, the donor obtains a substantial charitable
income tax deduction in the year the gift is made. A deferred
gift annuity is an excellent way for younger to middle-aged donors
to make a gift and receive a charitable income tax deduction now
while providing income for the future.
Charitable
Remainder Trusts*
For gifts
in excess of $100,000, a personalized life income gift that provides
a donor with a lifetime income and a charitable income tax deduction.
The donor selects the payout rate, usually between 5 and 8 percent,
providing the donor and the donor's spouse with an income every
year for life. The higher the payout rate, the lower the charitable
income tax deduction. If the donor funds the trust with appreciated
securities, the donor will avoid capita gains tax.
Estate
Planning*
For many donors,
a gift made through a will or trust is the most realistic way to
make a major gift while reducing the size of their estates to minimize
estate taxes. Through a bequest, a donor may leave to Catholic Charities
a specific dollar amount, for example, $100,000, or a specific percentage,
such as 25%, of the estate. Donors who make bequests to Catholic
Charities receive federal estate tax charitable deductions.
* Please see your CPA, lawyer, or estate planning professional for more information on any of the above
For
more information, contact:
Development
Department
Catholic Charities
6001 Marble NE
Albuquerque, NM 87110
Phone: (505) 724-4693
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