Thank You For Your Continued Support.
As our year comes to a close, many of our members have taken advantage of different ways to give that will also benefit them for tax purposes.
Did you know that donating stock to our parish can be more beneficial than donating cash, due to the tax advantages often associated with transferring appreciated stock to a charitable organization such as Saint Ambrose Parish? Gifting appreciated stock (held for more than one year) to our parish may allow you to deduct the stock’s full value and bypass capital gains tax. Your accountant or financial planner can help you decide if this option is right for you.
Many of our members have taken advantage of this opportunity for our Capital Campaign/Building Fund to support the renovation of our Church. It’s an opportunity open to all, all the time, as a way of supporting our parish community. For more information, please contact Jake Bihari at JBihari@StAmbrose.us. As You may also contact Sandy Lucas of the Catholic Community Foundation at 216.696.6525 x1640 or SLucas@catholiccommunity.org. Thank you for your continued support for our parish.
Tax-Wise Gifting From Your IRA
Chairitable Rollover Gift
If you are age 70 ½ or older, you can save on taxes and make a charitable rollover gift from your IRA to Saint Ambrose Parish. With a direct transfer from your traditional IRA to a qualified charity, (Saint Ambrose Parish) you can satisfy your minimum required distribution for the year. Your accountant or financial planner can help you decide if this option is right for you. So many of our members have already taken advantage of this opportunity.
It’s tax-wise giving for you and so very helpful in support of our parish community. Please feel free to call or email Carol Maline in our Business Office for more information at 330.460.7336/cmaline@StAmbrose.us. Thank you for all you do and give in support of our parish community.