Offerings to St. Mother of Teresa of Calcutta Parish

Your financial gifts allows our growing parish to continue its outreach efforts, provide meaningful ministries, and to serve our parishioners. We thank you in advance for your generosity! As we continue to work on the unification of Parish operations, we now have a bank account under the name of St. Mother Teresa of Calcutta. The change will help with daily parish operations, simplifying accounting and, ultimately, save us some costs.

GIFTS BY CHECK
Please make all offering checks payable to St. Mother Teresa of Calcutta Parish.

ONLINE GIVING
Online giving through GiveCentral and PayPal are the safe and secure ways to make your weekly donations to St. Mother Teresa of Calcutta Parish.  You may donate via credit card or electronic check (ACH). On the GiveCentral page, you will have the option to donate to the specific worship sites. To make a donation, click the buttons below.

Ways to Give 

Most of us make our parish offerings and donations by giving cash or writing a check. However, there are other ways of giving, and some may generate more tax benefits for you.
1. Give online (GiveCentral & Paypal)
2. Give stock or mutual fund holdings
3. Give appreciated real estate held for more than one year
4. Sign up for Employers' Matching Gifts
5. Establish a Donor-Advised Fund
6. Make Qualified Charitable Distributions (QCD) from a traditional IRA account
7. Give Life Insurance
8. Plan for Gifts and Bequests

Option 1: Giving from the Comfort of Your Couch
While it's nice to see our ushers as they bring the collection baskets around, sending your Sunday Offerings online through GiveCentral is the easiest and most efficient way to support SMTCP.

  • Set it and forget it - tell GiveCentral how much and how often to send to SMTCP, and then you won't have to worry about it (unless you want to change it).
  • Donations can be set up from any computer or smartphone, and the parish office can help if needed.
  • You control the frequency of donations - they can be weekly, bi-weekly, monthly, or any other frequency you'd like.
  • It's safe - your payment information is secured using Secure Sockets Layer (SSL) encryption, the industry standard in online payments.
  • Print a record of your giving history at any time.
  • Help the parish office reduce its bookkeeping and accounting work.
  • Use an automated withdrawal from your bank account to provide the lowest cost to the parish - it's cheaper than credit card donations or printing/mailing envelopes.

Option 2: To Give is to Receive (Tax Benefits)
Six types of giving with other tax benefits.

1. Donate stock or mutual fund holdings - you will pay no capital gains tax and the parish will receive the full value of the donation.
  • With Long-Term Capital Gains or Investments held for more than 1 year, you can claim a full-value deduction in your Itemized Deductions.
  • With Short-Term Capital Gains or Investments held for less than 1 year, your deduction is limited to the cost of the stock or mutual fund in your Itemized Deductions.

2. Donate appreciated real estate held for more than one year:

  • For property with no mortgage, pay no capital gains tax and claim the full value in your Itemized deductions.
  • For a mortgaged property, the extent of tax benefit will depend on the amount of the mortgage.

3. Establish a Donor-Advised Fund:

  • Easily and quickly set up a charitable investment account for the sole purpose of supporting charitable organizations.
  • Qualify for immediate tax deductions through contributions of cash, stock, or mutual funds.
  • Grow the invested funds tax-free.
  • Recommend ongoing grants to any IRS-qualified charities.
  • Name a successor to continue gifting to charitable organizations after you are born to eternal life.

4. Make Qualified Charitable Distributions (QCD) from a traditional IRA account:

  • Donor must be 70.5 years or older.
  • Payment from a traditional IRA goes to the parish directly.
  • Use these donations to lower your Adjusted Gross Income (AGI).
  • These distributions count towards the Required Minimum Distribution (RMD) if donor is 72 or older.

5. Name the Parish in your Life Insurance policy:

  • Donate a new or existing life insurance policy by transferring ownership. 
  • Donate any dividends and receive tax deductions.

6. Plan for Gifts and Bequests: Bequests, gift annuities, charitable trusts, and other planned gifts make a lasting impact after you are born to eternal life.

If you are interested in pursuing or learning more about how to implement these ways of giving, please visit the following Archdiocese website and reach out to their offices for more detailed information:
​https://giving.archchicago.org/ways-to-give/how-to-give#accordion-example-1

The information listed above is not intended to be all inclusive or exhaustive. Please be sure to consult your tax advisor and financial institutions for your particular situation to implement any of these gifting options.

Option 3: Free Ways to Support SMTCP
Here are some ways for you to boost the parish's finances without costing you anything more:

  • Sign up for your Employer's Matching Program - Ask your employer if it has a program that will match (sometimes even triple) employee donations to charity.
  • Bring a friend to mass - you'd be spreading the good news, too!
  • Tell friends and family about why you love SMTCP, and invite them to contribute to our fundraising events.