Pledges via Cash or Check:
Simply complete your pledge card by noting the amount of your pledge and down payment. Be sure to select your method of payment, i.e., monthly, quarterly, semi-annual, or annual payments. Please make checks payable to St. Philip’s Capital Campaign. You will be sent payment reminders and a special payment envelope in accordance with the payment plan you choose. You may return the pledge card in the weekly collection, bring it to the parish office or return it by mail.
Pledges via Credit/Debit Card & Bank Withdrawal
Please complete your pledge card by checking the appropriate box to indicate that you wish to make your payments via electronic fund transfer from your bank account, debit or credit card. When choosing the electronic method of payment, you will need to set up the automatic payments on the parish website stphilip.weconnect.com.
Gifts of Property, Life Insurance, Annuities, Wills or Bequests
There are different ways to support St. Philip Catholic Church both today and in the years to come via planned giving. Families or individuals can make gifts of real estate, property, automobiles, life insurance, estate bequests, annuities or charitable remainder trusts.
Gift of the Harvest:
When you deliver your harvest to the elevator you can have payment made payable to St. Philip’s Capital Campaign. This will allow you to reduce your taxable income.
Gifts of Stock
You may use your own broker/agent or the diocese agent to transfer gifts of stock. If the stock has been held for one year or longer, you do not have to pay capital gains tax on the stock, and are allowed a tax deduction for the full value of the stock, provided that the stock is transferred to the parish before being liquidated. The stock is not required to have appreciated in value since you purchased it. If you are interested in a stock donation, please contact the Campaign Office. or make a notation on the pledge card so we may provide you the necessary information. *
IRA Contributions
An IRA Owner, age 70 1/2 or older, can directly transfer tax-free up to $100,000 per year to an eligible charity. This option can be used for distributions from IRAs, regardless of whether the owners itemize their deductions. Distributions from employer-sponsored retirement plans, including simple IRAs and simplified employee pension (SEP) plans, are not eligible.
To qualify, the funds must be transferred directly by the IRA trustee to the eligible charity. Distributed amounts may be excluded from the IRA owner’s income – resulting in lower taxable income for the IRA owner. *
*For substantial gifts of property other than marketable securities, the IRS requires an appraisal. Contact the Campaign Office for more information. Please confirm current tax law with your tax advisor or the IRS.