Giving to St. Gabriel the Archangel Catholic Parish or the Archdiocese of Louisville
“Store up treasures in heaven, where neither moth nor decay destroy, nor thieves break in and steal.” Luke 6:20
There are several ways to make a gift to St. Gabriel parish or to the Archdiocese. The Office of Mission Advancement can assist you and your advisor in developing a charitable gift best suited to your interests. You can contact our St. Gabriel Finance Manager, Pam Terwilliger, at email@example.com or 502-239-5481 or the Archdiocese Office of Mission Advancement at (502) 585-3291 or via email at firstname.lastname@example.org.
Designating a Beneficiary for Your Gift
You may designate your gift for the benefit of a particular parish, parish school, regional school, a specific archdiocesan ministry (i.e. Catholic Charities, Catholic Cemeteries, Family Ministries, etc.), the annual Catholic Services Appeal, or for the general needs and use of the Archdiocese.
Your charitable gift is deductible for income tax purposes to the full extent permitted by law. In addition, certain types of charitable gifts also offer capital gains and/or estate tax savings. The information contained herein is of a general nature and is not intended to serve as legal or accounting advice. Donors should always seek professional counsel to determine any tax savings and benefits when making a gift.
Ways to Make a Gift Cash Gifts
You can make a cash donation by sending a check or money order to St. Gabriel the Archangel at the following address. Please be sure to enclose a signed letter indicating the beneficiary of your gift, e.g. the annual Catholic Services Appeal, a parish, parish school, the Archdiocese of Louisville or an archdiocesan ministry.
St: Gabriel the Archangel
ATTN: Finance Manager
5505 Bardstown Road
Louisville, KY 40291
Or, to the Archdiocese of Louisville to the following address:
The Archdiocese of Louisville
Office of Finance
P.O. Box 740043
Louisville, KY 40201
Donations of stock offer a way to make a charitable gift without having to utilize cash funds. In general, you can avoid capital gains taxes by donating stocks held for more than 12 months; however, you should always consult with your financial advisor or a tax professional to determine the actual tax benefits or any other consequences of a stock donation. For income tax purposes, the fair market value of your stock gift is determined by the date that the stock is transferred to the Archdiocese. To donate stock, please follow these steps:
- Download the Archdiocesan Stock Donation Form by (clicking here). This form will provide your broker with instructions regarding the stock to be donated and the routing of your gift to the Archdiocese’s brokerage account. Note – Please indicate the beneficiary of your donation on the archdiocesan form.
- Forward the completed Stock Donation Form to your broker and a copy to the Archdiocese’s Chief Financial Officer at email@example.com or by mail to: Archdiocese of Louisville Office of Finance P.O. Box 1073 Louisville, KY 40201-1073
Donating Real Estate or Personal Property
Donations of real estate or personal property provide another attractive way for you to make a gift. Due to the legal issues and requirements regarding the transfer of ownership for real estate and personal property, we ask that you contact either: the Office of Finance at firstname.lastname@example.org or the Office of Mission Advancement at email@example.com prior to making this type of donation. Either office can also be reached by phone at (502) 585-3291.
Memorial gifts are a wonderful way to honor a loved one. Memorial gifts can be made to St. Gabriel or a specific archdiocesan ministry, the annual Catholic Services Appeal, or for the general use and needs of the Archdiocese. Gifts should be sent to the Archdiocese or St. Gabriel the Archangel along with a letter indicating the beneficiary of the gift and the person you wish to remember with your gift.
Employer Matching Gift Programs
Several employers offer a matching gift program for employees’ charitable donations. Such programs will match employee gifts on a one for one or a two for one basis. In this way, your gift can be doubled or even tripled. Please consult with your employer’s Human Resources Department to determine if your employer offers such a program as well as the program’s requirements for qualifying charities. Contact St. Gabriel’s Finance Manager to confirm establishment of the matching gift.
Creating Your Legacy Planned Giving provides donors with a variety of methods to make a lifetime or estate gift to their parish, parish school, regional school, archdiocesan ministry, or the Archdiocese. Planned Giving has been referred to as an ultimate act of stewardship and a means to establish your legacy by ensuring that your accumulated assets and blessings are distributed to those causes that are important to you. Planned Gifts can be made during one’s lifetime or as part of an estate plan. Due to the complex and legal nature of many planned giving options, donors are encouraged to always seek legal and professional counsel. The Office of Mission Advancement is available to assist you, your attorney and/or financial advisor in preparing a planned gift.
Bequests are one of the most common forms of planned giving. Bequests are provisions in a will for the distribution or transfer of one’s cash or other assets upon death. Bequest gifts may take the form of a specific dollar amount, a gift of stocks or securities, real estate or property, or a percentage of the residue of the estate. Bequests offer the advantage of making a future gift without affecting your current cash or asset portfolio. When having your attorney draft your bequest, he or she should utilize the following language: “I give, devise, and bequeath to the Roman Catholic Bishop of Louisville, a corporation sole with principal offices at 212 E. College Street, Louisville, KY. << insert gift>> for the use and benefit of << name, parish school name, or regional school name>>.”
Gifts of Life Insurance Policies
You can make a gift of a life insurance policy by naming a parish, parish school, regional school, or the Archdiocese as the beneficiary or co-beneficiary on the policy. This type of gift may be especially attractive since it provides you with the means to make a substantial gift without interrupting your income or disturbing other assets.
Charitable Remainder Trust
With growing concerns over retirement funding, certain types of gifts can provide a source of income during your retirement years. One of the more common forms involves the establishment of a charitable trust. A Charitable Remainder Trust involves transferring a portion of one’s assets into the care of a trustee. The trustee is responsible for managing the trust, making income payments as directed by the donor, and final distribution of the trust’s remaining assets upon termination of the trust.
In addition to providing a source of income during one’s lifetime, a Charitable Remainder Trust can help one to minimize the impact of estate taxes and maximize the amount of assets that can be passed along to heirs and charitable causes. Due to complex legal requirements involving the establishment of a Charitable Remainder Trust, you will need to consult with an attorney and a qualified financial advisor to establish a Charitable Remainder Trust.
For assistance in making a planned gift, please contact the Office of Mission Advancement as follows:
Archdiocese of Louisville Office of Mission Advancement
P.O. Box 1073 Louisville, KY 40201-1073
By Phone: (502) 585-3291