When you make a gift to the Anthonian Association / Messenger of Saint Anthony by transferring appreciated stock, mutual funds, or a distribution from your IRA, you support the ministries you love and receive tax savings as icing on the cake.
Donating Stocks
Giving stock held more than 12 months offers two-fold tax savings: You may avoid paying capital gains tax on the increase in the value of your stock, and you will receive a tax deduction for the full fair market value of the stock on the date of the gift.
This is an excellent giving option for stocks that have appreciated substantially in value.
Please remember that to achieve the maximum amount of tax savings, you must have your financial advisor transfer the funds directly to the Anthonian Association / Messenger of Saint Anthony.
Making a distribution to the Anthonian Association / Messenger of Saint Anthony through your traditional or Roth IRA can also help lower your income taxes if you are older than 70½ years.
You can avoid taxes on transfers of up to $100,000 from your IRA to the Anthonian Association / Messenger of Saint Anthony while satisfying your required minimum distribution (RMD) for the year and reducing your taxable income.
Note that because you will not pay taxes on the charitable distribution to the Anthonian Association / Messenger of Saint Anthony from your IRA, the donation through your IRA will not be tax-deductible.
Donation Information
Please provide the following information about the Anthonian Association / Messenger of Saint Anthony to your financial advisor or IRA plan administrator.
Gifts should be directed to Anthonian Association, 6107 N Kenmore Ave Ste. 5, Chicago, IL 60660.
Please call or e-mail to tell us of your intent to donate through a gift of stock, mutual funds, or with an IRA charitable distribution so we can appropriately credit your gift and assist you with the details of the transfer. Otherwise, we will not know who made the direct transfer gift of stock or the IRA distribution! Contact the Anthonian Association / Messenger of Saint Anthony - Major Gifts at aafsap@aol.com or call (812) 923.6356.
