Ways to Donate
You can contribute to the Foundation online here, by check (mailed to the Church Office and made out to the Holy Apostles Foundation) or by calling the Church Office with your credit/debit card number.
When you donate appreciated securities you have held more than one year, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Contact your financial and/or tax advisor for more information.
Most individuals are required to take a Required Minimum Distribution (RMD) from their IRA at age 73. This distribution is considered taxable income. You can make a Qualified Charitable Distribution (QCD) to the Foundation directly from your IRA to satisfy part or all of your RMD. The QCD would not be considered income and is eligible for a tax deduction.
Contact your financial and/or tax advisor for more information.
Most bank accounts, brokerage accounts, investment accounts, and life insurance policies allow for the designation of a beneficiary. Typically, the beneficiary does not have access to the funds until after the owner’s lifetime. As such, you can use the funds in any of the accounts during your lifetime, while naming the Foundation as a beneficiary. The designated funds in your account(s) will automatically transfer to the Foundation upon your death.
Contact your financial and/or tax advisor for more information.
The Foundation accepts asset donations. This may include real estate, vehicles, artwork or other items of value.
Contact your financial and/or tax advisor for more information.
You can name the Foundation as a beneficiary in your will or living trust. In your charitable bequest you can specify a dollar amount or a percentage of your estate be given to the Foundation.
Contact your attorney to ensure the proper language appears in your will or trust. Please also let Holy Apostles know you have included the Foundation in your estate planning.
A Charitable Gift Annuity (CGA) is a contract where a donor gives a one-time gift to the Foundation in exchange for a fixed income stream for life. A Charitable Remainder Trust (CRT) allows an individual to donate assets to the Foundation while retaining an income stream for a set period or for life. Remaining assets revert to the Foundation upon the trust’s termination. A Charitable Lead Trust (CLT) provides income payments to the Foundation for a set period, after which the remaining assets are distributed to non-charitable beneficiaries (such as family).
Contact your financial and/or tax advisor for more information.
A Donor Advised Fund (DAF) is a charitable investment account that allows donors to contribute assets, receive tax benefits and recommend charitable donations. If you have a DAF you may be able to make donations directly to the Foundation.
Contact your financial and/or tax advisor for more information.
NOTE:
Do not rely solely on this information for investment, tax, or charitable giving advice.
The Foundation’s 501(C)(3) tax-exempt status is pending. Contact your financial and/or tax advisor or Tom Loukas ([email protected]) for more information.