We are in the thick of tax season, with the April 15th deadline right around the corner! When you meet with your tax and investment advisors to review the past year and prepare for your financial future, it is an excellent time to discuss the strategic tools that can optimize your tax benefits while supporting Catholic causes that matter most to you.
By considering charitable giving options such as a qualified charitable distribution (QCD) from an IRA or appreciated stock to endowments, you can make a lasting impact while potentially reducing your current and future tax liability.
The Catholic Foundation of Eastern Pennsylvania makes it easy for you to help your favorite Catholic parish, school or ministry while generating tax savings.
Supporting Catholic Causes In Perpetuity
“An endowment fund is the perfect place to make a tax-benefiting contribution in support of your favorite Catholic cause,” says Pete Waldron, President of the Catholic Foundation. “Essentially your gift lives forever; making good things happen forever.”
The Catholic Foundation staff works with a donor’s tax and estate planning professionals to craft a personalized endowment program that provides tax benefits now, while they assist with setting up your charitable legacy for later.
Waldron encourages donors to explore how they may align their charitable giving with their tax strategy this year. “With simple planning, you can continue supporting the values and causes that are close to your heart while making the most of the tax benefits available,” he says.
If you have any questions or would like more information about ways you can prepare for the future and support Catholic charitable causes, we are here to assist you. We encourage you to download Preparing for Forever, our free financial and legal information organizer. Forever Planner. And you may contact us anytime. We look forward to talking with you!
