Estate Planning

ESTATE PLANNING

HOW CAN I MAKE A LASTING INVESTMENT BEYOND MY ANNUAL PLEDGE?

Though covering our annual operating expenses is important, we also want to invest in the longterm future of our church. 

As of this year, we now have a general endowment fund that will allow our members to make a lasting contribution to our mission and ministry, impacting lives for generations to come.

If you would like more information on the general endowment or would like to talk to us about making St. Richard’s the beneficiary of a life insurance policy, leaving a bequest in your will, or another way that God might be calling you to leave a legacy gift to the church, please contact John Dixon at (512) 745-4189 or jdixon1011@gmail.com.

Thank you for planting the seeds for future growth! 

TAX-ADVANTAGED GIVING (GIVING FROM AN IRA)

There are a number of tax-advantaged ways of giving that you might be able to utilize, but the two most common are 1.) making a Qualified Charitable Distribution (QCD) from your IRA, and 2.) donating appreciated assets such as real estate or stocks.

Making a Qualified Charitable Distribution from your IRA can lower the balance of your IRA, which has a built-in income tax bill. Giving your IRA funds to charitable organizations like St. Richard’s can help you avoid getting taxed on those funds, allowing you to keep cash (on which you have already paid taxes) in your checking account. 

Donating appreciated assets such as real estate or stocks is another avenue for supporting St. Richard’s in a tax-advantaged way. If you have any stocks or other assets that you have 1.) held for a long time, and/or 2.) have appreciated in value, we can easily accept them as contributions. Donating your stock directly to St. Richard’s (as opposed to selling the stock beforehand) saves you from having to pay capital gains tax. We have a separate brokerage account for this very purpose. 

If you are interested in supporting St. Richard’s in any of these ways, please contact John Dixon, member of the Finance Committee, at (512) 745-4189 or jdixon1011@gmail.com. He is happy to answer any questions you may have, discuss any additional tax-advantaged giving options, or assist with legacy gifts and estate planning.