Support the Franciscans with a Tax-Smart Gift!
Br. Louis Zant, OFM, helps feed the hungry with Franciscan Outreach’s Thanksgiving food distribution at Church of the Transfiguration. (Photo by Jeff Scheeler, OFM)
December is here, but it's not too late to support our friars and help share the good news of God’s love with a tax-smart gift in 2022.
Consider these options for end-of-year giving:
- Donor-advised funds (DAFs): If you have a DAF, you can still recommend a grant to the Franciscans this year. If you do not yet have a DAF, most can be created in a few days, and you’ll receive a tax deduction for contributions to your fund.
- Appreciated securities: While giving stock when the market is down may seem counterintuitive, giving long-term appreciated securities can still be a wise option. You will receive a tax deduction for the full market value and won’t pay capital gains tax.
- IRA Qualified Charitable Distribution (QCD): If you’re 70 1/2 or older, contact your plan administrator to make a QCD from your traditional IRA to the Franciscans this year. QCDs may count toward your required minimum distribution (RMD) and can be particularly beneficial for non-itemizers.
For more information, contact Colleen Cushard at (513) 721-4700 or ccushard@franciscan.org.
Posted in: Estate Planning
