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Gifts to Sts. Peter and Paul

/Gifts to Sts. Peter and Paul
Gifts to Sts. Peter and Paul2018-10-31T10:18:37+00:00

Thank you for your interest and welcome to opportunities to donate to Sts. Peter and Paul.
God has blessed each of our lives abundantly; as we have received much from Him, so we sense the importance of giving something back to Him. We express our gratitude to Our Lord by supporting our parish and its mission of bringing Christ to the homes and hearts of each of our parishioners.  The parish can only operate through our generosity.

Listed below are various areas to which you can contribute.

Contribute to the Parish
Weekly Offerings (envelopes)
Special Monthly Collections
Various fundraising activities sponsored by our organizations and announced throughout the year

Online Giving
In addition to contributing directly or through offertory collections, you may also contribute through the Faith Direct program.  Click here to learn more about the (or click on Faith Direct link).

Other Opportunities
SCRIP program.  Click here to learn more.
TAGG program.  Click here to learn more.
AMAZON SMILE program.  Click here to learn more. **Sts. Peter & Paul is registered under the EIN:  47-0376899**
GOOD SEARCH program.  Click here to learn more.

Planned Giving

What is Planned Giving?
A planned gift is any charitable contribution made during your life or any bequest that takes effect upon your death.  Planned gifts can be simple as an outright gift of cash or as sophisticated as a charitable trust that is integrated into a multi-faceted financial and estate plan.  While every type of planned gift benefits Sts. Peter and Paul, some also benefit you and your estate through the reduction of income and/or estate transfer taxes.

There are a variety of gifts you can make to Sts. Peter and Paul during your life or that will take effect at the time of your death including: 

  • Cash: A gift of cash is the easiest and most popular method.
  • Securities: A lifetime gift of appreciated stocks, bonds, and mutual funds can provide you with an income tax deduction if you itemize deductions on your income tax return.  The capital gain tax, currently 15-20%, may also be avoided.
  • Real Estate: An outright gift of a debt-free real estate to Sts. Peter and Paul will have tax benefits similar to a gift of appreciated securities.  Gifts of real estate (including farmland) require careful planning but can be extremely beneficial to you.
  • Tangible Personal Property: You can make a gift of almost any type of tangible personal property to Sts. Peter and Paul: crops, automobiles, works of art, jewelry, china, silverware, precious metals, and antiques.
  • Life Insurance & Annuities: You may own paid-up life insurance policy or a deferred annuity (non-qualified) that no longer serves the purpose for which it was purchased.  Maybe your children are grown and your mortgage is paid off.  Consider making Sts. Peter and Paul the primary beneficiary of the life insurance policy or annuity (or we can make it the contingent beneficiary after your spouse). This type of gift will remove the death benefit from your estate avoiding federal estate taxes upon our death.  In the case of an annuity, it will also allow your estate to avoid paying income taxes on its appreciation.
  • Qualified Retirement Plans: At the time your start withdrawing funds from a qualified retirement plan such as an IRA or a 401(k), you will pay ordinary income tax on the withdrawn amount.  In addition, at the time of your death, the balance of the retirement funds will be included in your estate for federal estate tax purposes.  This double taxation can result in some estates losing over 40% of the plan benefits to taxes.  By making Sts. Peter and Paul the primary beneficiary of your retirement plan, some taxes can be avoided, allowing you to leave other assets to your heirs with less of a tax burden for them.