ONLine Giving

GIVE A ONE TIME GIFT OR SET-UP A RECURRING GIFT.  YOU CAN ALSO VIEW GIVING STATEMENTS ON DEMAND.

ira dISTRIBUTIONS 

IF YOU ARE 70½ AND OLDER WITH IRA ACCOUNTS CONSIDER DONATING THE DISTRIBUTION TO MAKE A DIFFERENCE IN OUR STUDENTS LIVES.  SEE BELOW FOR MORE DETAILS FOR 2020.
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pLANNED gIVING

ESTATES GIFTS ARE A GREAT WAY TO LEAVE A LASTING LEGACY.   TO START THE DISCUSSION CONTACT MOLLY AT 319-266-9863 OR DBQ303SEC@DBQARCH.ORG

​Charitable Gift Planning
Tax Benefits of the CARES Act – 2020 ONLY

​The CARES (Coronavirus Aid, Relief, and Economic Security) Act is designed to help all who face economic hardship during the coronavirus pandemic. 
Here are a few key provisions of the CARES Act that may affect you and your charitable goals:
"make up to $300 of charitable contributions to qualified charities this yearand deduct it. ​"
New Tax Incentives – Federal Taxes Only
The CARES Act expands charitable giving incentives and allows taxpayers who take the standard deduction when they file their federal taxes to make up to $300 of charitable contributions to qualified charities this year and deduct it. You do not need to itemize to get this benefit. It is just for 2020. 

​For those who do itemize their deductions, the new law allows for cash contributions to qualified charities such as St. Stephen the Witness Catholic Student Center  to be deducted up to 100% of your adjusted gross income for the 2020 calendar year only.
These two opportunities do not apply for those filing an Iowa Income Tax Return. ​
IRA Required Minimum Distributions Suspended
The new law temporarily suspends the requirements for required minimum distributions (RMD) for the 2020 tax year. This probably comes as a relief to many of you who would have had to withdraw from your retirement accounts. Many of our donors use their RMD to make a gift from their IRA. Despite the RMD suspension, remember that if you are 70½ or older, you can still make a gift from your IRA to us or you can name St. Stephen the Witness Catholic Student Center as a beneficiary.
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Why a Gift From Your IRA May Still Be a Good Idea
  • Your gift will be put to use today, allowing you to see the difference your donation is making.
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.​​
​Your Charitable Goals
We are deeply grateful for your continued kindness and support during this difficult time. Please contact Paul Leeat 319-266-9863 or P.LEE@DBQARCH.ORG to discuss how your gift can help further our mission.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.