Year-End Giving

In this season of giving, consider making a year-end gift to our parish in gratitude for all the blessings you have received in life. As you plan to make the most of your charitable donations in 2020, know that we gratefully accept gifts of cash and appreciated assets such as stocks or bonds. Even if you don’t itemize your taxes, because of the new stimulus package passed by Congress, qualified charitable donations up to $300 for individuals may be tax-deductible. The CARES Act legislation also temporarily suspended the limitation on qualified charitable contributions of cash, allowing for a current year deduction up to 100% of AGI. This provision is in effect only for the 2020 tax year. And, if you are 70 ½ or older, you may be able to make a gift of a Qualified Charitable Distribution from your IRA that will help us in our ministry and reduce your taxable income. Talk to your advisors and IRA administrator for more information and to be sure that your IRA Qualified Charitable Distribution gift is made directly from an IRA to a qualified charity such as our parish.

Gifts of stock are also accepted for Gesu Church and School. The information that you or your broker may need includes: Gesu Church and School, DTC 0221, Acct #NG 15019 and our broker is Linda McGann at UBS (216) 765-8102.

Please note, according to IRS rules, to ensure deductibility of your church contribution for your 2020 tax return, Gesu must be in possession of your gift by December 31, 2020. Mailed envelopes must be postmarked by December 31, 2020.    

Questions? Contact Mary Kate Farrar in our parish office at (216) 932-0617. You are also welcome to contact Mary Lou Ozimek of the Catholic Community Foundation at (216) 696-6525 x4070. Thank you for your consideration.