From the Business Manager’s Office

Here we are in December already, anticipating and doing all the fun Christmas things! This is a perfect time to consider the many options for year-long and year-end giving:

  • Make a donation of recyclable paper to the Paper Retrievers in the parking lot. Acceptable items include newspapers, inserts, catalogues, magazines, and office/school papers (no phone books or cardboard). St. Anastasia receives a per ton donation for your trash – how cool is that?
  • Shop Kroger and designate St. Anastasia on your Kroger Rewards account. St. Anastasia will receive a donation for each dollar you purchase – at no cost to you!! It takes a few moments online or at the service desk to make St. A the beneficiary.
  • Use Good Search and Good Shop while searching and shopping online. St. Anastasia receives one-cent for each search; shop on Good Shop and St. A receives a percentage of your purchase. All at NO cost to you!
  • Taxpayers age 70 1/2 or older can make a tax-free distribution from an IRA of up to $100,000. The distribution must be a direct gift from the IRA. These distributions are not subject to charitable contribution percentage limits since they are neither included in gross income nor claimed as a deduction on the taxpayer’s return. The IRA charitable rollover law may provide a very good charitable giving vehicle along with having other benefits. This is currently effective through December 31, 2011.
  • Donations of appreciated stock also have positive tax effects. If you give appreciated stock directly to St. A. you avoid the income tax incurred on the gain from the sale. You will also be entitled to a charitable contribution for the fair market value of the stock on the day the charity receives it.

You will find additional information about the Kroger and Good Search programs on the St. Anastasia website (under the Stewardship – Treasure tab). Please consider the other options for year-end donations to St. Anastasia or other charities. You should always consult with your legal, tax and financial advisors before taking advantage of these benefits.