New upper limit on cash donations

• “For those who will itemize, the incentive to give is even greater. The Act removes the 60% of adjusted gross income (AGI) limitation for most cash giftsto public charities for 2020. That means you can offset up to 100% of your income in 2020 with charitable contributions. Contributions in excess of this amount can be carried forward for five years subject to the 60% of AGI limit in those years.”

Cash donations for non-itemizers

• “Among the many provisions contained in the $2 trillion aid package signed into law on March 27, 2020, is the expansion of certain tax deductions for 2020, including a new “above-the-line” deduction of up to $300 for individuals making cash donations to charity who do not itemize and will take the standard deduction on their 2020 tax returns.”

Did you know you can multiply your contribution to Saint Thomas More School with an employer match?

You may be able to double, or even triple, your charitable contribution to our community through your company’s matching gift program!  To determine your eligibility, ask your employer or human resource representative if your gift to a Catholic school can be matched.  You may also visit http://www.diocese-kcsj.org/_docs/Matching-Gifts-08.pdf to check if a specific company will match your charitable gift.

If your company offers such a program, all you need to do is obtain a matching gift form from your employer and include the completed form with the gift and submit it to Jenni Beck at the school. We will do the rest! Contact Tim Waris if you have any questions.

The Planning & Gifting committee’s ongoing series on Faith, Family, Finances, & Future Planning continues.. In case you missed any so far the events have been video recorded and are available below.

planned giving

The Diocesan Office of Stewardship & Development has excellent resources on this. Click to go offsite to their Planned Giving pages.

A charitable gift of stock provides an opportunity for tax savings while generously supporting Saint Thomas More Parish. Electronic delivery of stock shares is the most secure and expedient delivery process available and provides efficient internal control as well as cost savings. However, you may also transfer certificates directly. The form below provides more information and a means by which to donate stock.

Stock Donation Form  

More information coming soon about Estate Gift Planning. Meanwhile…

Legacy Society

Father Justin Hoye cordially invites you to become a member of the Saint Thomas More Legacy Society.

The STM Legacy Society honors those who have graciously named Saint Thomas More Parish as a beneficiary in their estate plans, such as; wills, trusts, retirement accounts and insurance policies. Legacy gifts help to secure the long-term strength and security of Saint Thomas More Parish. Your future gift will create an enduring  legacy of support that will benefit the parish for generations to come. 
No minimum amount or formal documentation of your future estate gift is required. Names are publicized only if consent is given. All information you provide will be kept in the strictest confidence.

To remember Saint Thomas More Parish or School in your will, contribute a stock (see Donating Stock link at right), transfer funds from another account, contribute to a memorial, etc., contact Tim Waris.

The Diocesan Office of Stewardship & Development has excellent resources on this. Click to go offsite to their IRA page.