Thank you for your interest in supporting Most Precious Blood! 

For information regarding how your tax-deductible contribution can provide financial assistance to Most Precious Blood Parish and/or our school. Contact Mrs. Jamie Kolasinski,
Business Administrator for assistance at 260-424-4868. 

Tax Benefits of Gifts of Security 

When making gifts to Most Precious Blood, please consider using your Required Minimum Distributions. (RMD). Congress made permanent the law enabling individuals over age 70 1/2 to exclude up to $100,000 of their required minimum distribution from income if the RMD is made payable directly to a qualified public charity. This strategy provides the greatest charitable tax benefit as it excludes the total value of the gift from annual income which is taxed as ordinary income. 

Please consider gifting appreciated investments (stocks, bonds, or mutual funds) to make chartiable gifts to Most Precious Blood or other registered charities. Giving appreciated investments directly to the charity, as opposed to selling the property, can reduce the exposure to captial gains tax at a normal rate of 15% and for higher income earners , potentially an additional savings of 3.8% net investment income tax. Through this stategy as opposed to gifting cash, the individual making the gift will receive an income tax deduction equal to the fair market value of the property or investment.

The charity can then sell the property and pay no capital gain tax because it is tax-extempt entity. It is critical that the appreciated property qualify as long-term capital gain property (i.e. the property should be held for more than one year prior to the time it is gifted).