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Make a gift today Make a gift later Partners of St. Benedict questions

Arrange now to make a gift today...

These types of gifts are examples of contributions
which can be made now.

Cash Gifts
The advantage of this method of contribution is that your actual out-of-pocket cost is less than the dollar amount of the gift because of the allowable income tax deduction. You can deduct an amount up to 50% of your adjusted gross income in a year that you make a contribution. Any excess contributions over this percentage may be deducted over the next five (5) years.

The actual savings from the tax deduction of your contribution will vary due to your tax rate and other factors. Generally, the higher your tax rate, the greater your savings.

Gifts of Personal Property
Works of art, books and furnishings are considered gifts of personal property. Your deduction will depend on the appraised value and how the gift will be used by the Sisters.

Gifts of Property
Your gifts of non-cash property such as securities or real estate may provide an ideal way for you to make a contribution. Gifts of this type may be more advantageous than outright cash gifts, because you can make a larger gift at less cost. These gifts may generate an income tax deduction of up to 30% of your adjusted gross income with a 5 year carryover.

For example:

Property That Has Risen in Value:
Property that has increased in value and that you have held long enough to qualify as long-term property may be beneficial to give. A charitable gift of this type entitles you to two benefits: (1) you avoid paying capital gains tax; and (2) you receive a deduction for the full value of the gift in most cases.

Property That Has Decreased In Value:
If you have property that has decreased in value at the time you are ready to make your gift, you should consider selling that property first and then contributing the proceeds to the Sisters. This will allow you to receive the deductions for both the capital loss and the charitable gift.

Outright Gifts

This is the simplest way for you to give immediate support to the Benedictine Sisters of Pittsburgh and our ministries. We accept outright gifts via cash, checks, credit cards, or wire transfer.

Credit Cards: We are pleased to accept gifts through Visa, MasterCard and Discover. You may call the Office of Community Advancement, 724-502-2597 or donate online.

Checks: If you choose to send a check through the mail, please make it payable to the Benedictine Sisters of Pittsburgh. Mail to: 3526 Bakerstown Road, Bakerstown, PA 15007

Memorial & Honorarium Gifts

Many individuals and families choose to honor or remember a loved one through tax-deductible gifts to the Benedictine Sisters. Some also mark important events or celebratory occasions by a gift that will assist in the life and ministry of the Sisters. Such occasions may include anniversaries, birthdays, retirements, weddings, religious holidays, and graduations.

The person honored or remembered, or his /her family member/s receives an acknowledgement of the gift that states from whom the gift was received. It does not state the amount of the gift. A separate acknowledgement with tax receipt is mailed to the benefactor.    

In-Kind Gifts

We gratefully accept goods and services appropriate to the Sisters and their good works. Please check with the Office of Community Advancement for current in-kind gift opportunities.

Matching Gifts

Many companies match employees' charitable contributions, providing a wonderful opportunity to increase your gift. If your employer offers a matching gift program, we are glad to provide you with any necessary information.

Unless specified otherwise, gifts received by the Benedictine Sisters of Pittsburgh are considered unrestricted and are used to support the areas of greatest need.

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Arrange now to make a gift later...

Plan for these gifts today, benefit the Sisters in the future years.

Your Will
One way to make a deferred gift is to include specific language in your Will, naming the Benedictine Sisters of Pittsburgh, 3526 Bakerstown Road, Bakerstown, PA 15007, as the recipient of your planned gift. Your Will can include gifts in the form of:

  • property such as cash, securities and personal property,
  • a percentage of your Estate; and/or
  • the residue of your Estate — property remaining after other bequests have been fulfilled.

Your Estate is allowed an unlimited deduction for cash and other property that you can leave to the Sisters. You should contact your attorney to help you plan the type of bequest which most suits your needs.

Gifts of Life Insurance
Life insurance provides an effective way to benefit the Sisters for several reasons:

  • Your gift of life insurance will provide the Sisters with a substantial deferred gift while you pay relatively modest premium payments.
  • This type of gift will not be delayed during the administration process of your Estate and proceeds from the policy can be paid promptly to the Benedictine Sisters of Pittsburgh.
  • A gift of an insurance policy that is paid-up or partially paid-up may be advantageous if your family responsibilities are no longer as substantial as they were in the past.

Ask your life insurance agent for further details on the numerous types of insurance gifts you can make.

Retirement Savings
Another way of making a charitable contribution to the Sisters is to name them as beneficiary of a portion of your retirement funds. In the event that you wish to make this type of gift, you should contact the administrator or person in charge of your Individual Retirement Account, Profit Sharing Account or other Retirement Plan.

Deferred Gifts
In some instances, you can actually place an amount in a Life Income Trust which will provide income to you (and your spouse) for life. The remaining principal will be paid to the Sisters upon your demise or upon a specified date. These Trusts, which are generally described as Charitable Remainder Trusts, assure you of income, while providing an immediate charitable deduction to you for the remainder interest which will someday be paid to the Sisters. If you would like more information concerning Charitable Remainder Trusts or Charitable Gift Annuities, contact the Office of Community
Advancement, 724-502-2597. A Charitable Gift Annuity provides income for life for one or two people based on their age(s).

Tax Tips
A charitable gift to the Benedictine Sisters of Pittsburgh will provide you the satisfaction of knowing that your contribution will benefit the lives of those served by the Sisters through their many ministries. Beyond the usefulness of the gift itself, you will receive tax benefits for your donation. Your gift should be made on or before December 31 of the year in which you wish to receive the charitable income tax deduction.

Corporate Limits
A corporation may receive an annual income tax deduction for making a gift to charity for up to 10% of its taxable income. Income tax deductions based on larger gifts may be carried over for 5 additional years.

Appraisals
You must obtain an appraisal for any non-cash contribution which exceeds $5000. The appraisal summary section of IRS Form 8283 must be completed and attached to your income
tax return on which the deduction is claimed.

No appraisal is required for a gift of publicly traded securities for which market quotations are readily available on an established securities market.

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Partners of St. Benedict

  • Ensure that the Benedictine tradition and values live to transform lives today and in future generations.
  • Ensure that the many ministries of the Sisters in the areas of education, health care, hospitality, care for the elderly, and spiritual growth opportunities are available in Southwestern Pennsylvania and areas of Ohio and Kentucky.
  • Ensure that the work of the Sisters with poor and disadvantaged in their many ministries, and in their interactions with others will continue for future generations.
  • Are remembered in daily prayer.
  • Are invited to Masses for their intentions.
  • Receive and are recognized in the Annual Report to Benefactors.
  • Receive prayer cards with thank you letters.

Partners of St. Benedict are recognized annually as members of the following giving societies, however dollar amounts are not indicated anywhere else but here:

  • Heritage Society (Planned/Deferred Gifts)
  • St. Walburga Society ($5000+)
  • Benedictine Society ($1000 - 4,999)
  • St. Scholastica Society ($500 - 999)
  • Feldmann Society ($150 - $499)
  • Founders Society ($1 - $149)

Society membership is based on cumulative giving July 1 to June 30. Heritage Society members are recognized in perpetuity.

Personal petitions are kept in the Chapel as visible reminders of all Partners' presence during the Liturgy of the Hours and Celebration of the Eucharist.

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Questions?

Contact:
Benedictine Sisters of Pittsburgh
Office of Community Advancement
3526 Bakerstown Road
Bakerstown, PA 15007

Elizabeth Tamburri, Director
724-502-2597
etamburri@aol.com

 

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