Saint Paul University Catholic Center

Make a Gift

The students who went on retreat

The ministry of St. Paul’s would not be possible without the generosity of thousands of alumni, parents of students and Catholics across the country who wish to secure the future of Catholic campus ministry for future generations of UW-Madison students.

Below you will find information on how to make a gift online, read a letter from Fr. Eric Nielsen about the impact of your giving on students, learn about the variety of ways to make a gift and get info on the premier Catholic event of the spring, our annual Spring Wine Fest! We look forward to welcoming you to our 2017 Spring Wine Fest at the Monona Terrace & Convention Center in Madison!

If you wish to mail in a gift in support of St. Paul’s, checks can be made payable to ‘St. Paul Catholic Center’ and mailed to Attn: Carolyn Averill 723 State Street Madison, WI 53703. St. Paul’s is a 501(c)(3) organization and gifts are tax-deductible per IRS law.

Thank you for supporting St. Paul’s mission to university students at UW-Madison!

Ways to Donate

There are many ways to support St. Paul’s while also contributing to your own personal and financial goals.

Outright gifts to St. Paul’s, such as cash, stock, and property, can lower your tax liability. They allow St. Paul’s to put your philanthropy to work immediately in an area of special interest to you. Deferred gifts benefit St. Paul’s in the future. Such gifts can substantially lower income taxes and estate taxes.

You can designate your gift to benefit one or more about the different ways to give to St. Paul University Catholic Center.

For more information on how to make a gift, email Carolyn Averill, or call at (608) 258-3140.

Quick Links

Cash Gifts

A gift of cash is the most common way of making a gift and also is the simplest way to show your support for the students and programs at St. Paul’s University Catholic Center. One of the advantages of a cash gift is that it allows the University Catholic Center to make immediate use of the gift.

Ways to Make a Cash Gift:

Via Mail with Check, Money Order, or Credit Card

You may mail a check or money order made payable to the St. Paul’s Catholic Center, or make a gift using your credit card (Visa, MasterCard, or Discover). Email Carolyn Averill for more information.

Via our Online Donation site

Click here to make a donation online now using a credit card.

Via Weekly Donation Envelopes

To have weekly parish giving envelopes mailed to you, email Carolyn Averill.

Via the Telephone

Call in your donation using a major credit card. Call Carolyn Averill at (608) 258-3140 ext.111.

Via Automatic Check WithdrawAL

Want to eliminate the headaches associated with writing checks and have us do scheduled automatic withdraws from your account? Simply send us a canceled check along with the amount and frequency of your gifts (i.e. monthly on the 15th, quarterly, etc.)

Bequests

As an expression of dedication and generosity for St. Paul’s University Catholic Center and its students, many alumni and friends have pledged parts of their personal estates in support of St. Paul’s. Because of their belief in the continued excellence of St. Paul’s University Catholic Center through private financial support and the building of the endowment fund, these dedicated individuals are providing, in perpetuity, for future generations of students. This can be an important consideration of those whose estates might otherwise be subject to higher estate tax rates. With a gift through your will or living trust, you retain full use of your gift property during your life.

Types of charitable bequests, include:

General Bequest

The most familiar type of bequest is the general bequest, which specifies that St. Paul’s will receive a designated sum. For example, you might make a general bequest of $10,000. You may prefer this arrangement because it is considered a primary charge against your estate, which means it will almost certainly be fulfilled.

Percentage Bequest

This is an excellent alternative to the general bequest. The percentage bequest states that St. Paul’s will receive a certain predetermined percentage of your estate. By make a percentage bequest of 10%, for example, you assure yourself that inflation will not reduce the true value of the bequest you intended for our benefit.

Specific Bequest

When making a specific bequest, you are directing that one particular property be transferred to St. Paul’s, such as a certain piece of real estate, the stock from one specific company or some other specific property. This type of bequest is ideal for individuals wishing to give particular stocks or a valuable art object.

Caution: A specific bequest can be satisfied only with the property designated. If that property has been sold or otherwise removed from the estate, St. Paul’s would receive nothing in its place.

Residuary Bequest

This bequest directs that St. Paul’s receive either everything remaining in your estate or a designated percentage of your estate after all necessary costs, all general bequests, and all specific bequests are satisfied. This type of bequest allows you the flexibility of making several primary bequests while still giving you the assurance that St. Paul’s Catholic Center will be a secondary beneficiary of your estate. But the residuary bequest has the drawback of uncertainty. St. Paul’s would receive only as much, or as little, as is left after all primary obligations are satisfied.

Contingent Bequest

As the name implies, this bequest is “contingent” on some event. Usually, you might make a primary bequest for a relative, with the contingency that if that relative is not living at the time of your death, the bequest would pass to St. Paul’s. The contingent bequest is often used in the case of a husband or wife who stipulates that if his or herspouse is not living at the time of his or her death, then the bequest specified for the spouse would pass to a contingent charitable beneficiary.

St. Paul’s strongly encourages those persons considering a bequest, which is to be directed to the creation of a new student scholarship or program endowment, discuss their intentions with the St. Paul’s development office. It is our goal that you are assured of the maximum effective use of your bequest.

A bequest is a lasting memorial to your dedication to St. Paul’s University Catholic Center and its wonderful students. If you have previously made plans for St. Paul’s or have the intention to do so, we hope you will share that information with us at this time.

For more information on how to make a gift, email Carolyn Averill, or call at (608) 258-3140.

Note on Corporate Matching Gifts

Many employers offer a corporate gift-matching program. These programs allow you, as an employee, to direct your corporation’s matching dollars to the benefit of St. Paul’s. Contact your company’s personnel or human resources department to find out if they have corporate gift-matching program.

Gift of Appreciated Securities

Given the realities of the financial marketplace, you are no doubt constantly reviewing your investment portfolio. Despite volatility, you may have realized a net gain in the value of certain stocks and mutual funds. You’re pleased with those returns, but you are also aware that if you sell the securities you could face unwanted capital gain taxes. What should you do?

Many donors choose to make gifts in the form of common stock or other publicly traded securities. Substantial tax benefits are realized by transferring appreciated securities held long-term (owned by the donor for more than one year prior to the gift) to the St. Paul’s University Catholic Center. By making such a gift, the donor is entitled to a federal income tax deduction for the full fair market value of the security, subject to applicable limitations. By contributing the security instead of selling it outright and contributing the proceeds of the sale, the donor avoids capital gains tax liability. This means you receive a double tax benefit.

Example: You have stock with a current market value of $5,000. It originally cost you $3,000 (the “cost basis” of the stock). If sold you will realize an untaxed capital gain of $2.000. If you have owned the stock for more than one year, your capital gains tax rate would be 15% of the $2,000 (=$300). By making a gift of this stock you may claim a charitable deduction of $5,000 that would generate a net tax savings of $1,400 ($5,000 multiplied by an assumed marginal tax rate of 28%). When the $1,400 is combined with capital gains tax savings of $300 (=$1,700), the gift of $5,000 actually costs you only $3,300 ($5,000 – $1,700 = $3,300).

It’s easy to make a gift of securities. There are three methods to transfer the stock:

  1. If the certificates are held in a brokerage account, simply ask your broker to contact our office for instructions on making the transfer.
  2. If you have the stock certificates in your possession, send the unendorsed stock certificates by registered mail to our office. Enclose a cover letter and the number of shares and certificates. In a separate mailing, send signed “stock power” forms for each certificate with the name of the issue filled in and the signature guaranteed by a broker or officer of a national bank. We can sell the stock more readily if you sign a blank stock power without filling in our name.
  3. Lastly, you can hand-deliver securities to the St. Paul’s University Catholic Center, Development Office.

For more information, please email Carolyn Averill, or call at (608) 258-3140.

Gifts of Closely-Held Stock

Owners of “closely held” corporations sometimes have a problem whenever they try to get money out of their businesses for personal use. The IRS invariably says: “Owner, we consider that you have received a stock dividend, and we are going to tax you accordingly.” There is a way, however, by which the owner can receive a substantial benefit from the company, not have to pay any tax, and assist St. Paul’s University Catholic Center with its programs and mission to students.

Example: Jane Jackson owns 90% of ABC Corporation and decides to give St. Paul’s University Catholic Center some shares of her stock, worth say, $10,000. The gift of stock leaves her in full control of the business and, realistically, costs her nothing personally to contribute. On the other hand, Jane is entitled to a $10,000 charitable tax deduction, which could save her $3,300 in taxes, assuming a 33% income tax bracket. St. Paul’s has no reason to keep the stock shares and therefore turns them in to ABC Corporation for redemption. The corporation gives St. Paul’s $10,000 for the securities and retires the stock. St. Paul’s now has $10,000 for its programs and students. The best part of this arrangement is that the IRS has ruled that Ms. Jackson will not be considered to have received a dividend – even though she has removed $10,000 from the corporation – so long as the University Catholic Center is not required to turn the shares of stock back to her corporation.

For more information on how to make a gift, email Carolyn Averill, or call at (608) 258-3140.

Gifts of Real Estate

St. Paul’s University Catholic Center accepts gifts of real estate throughout the United States. Generally, properties are accepted if it appears that they can be sold reasonably quickly, since St. Paul’s cannot divert funds from the budgets of its educational programs, towards the supervision or ownership expenses of gift properties over an extended period of time. In rare instances, St. Paul’s may decide to hold a property if the income potential or the opportunity for greater appreciation in value favors such a decision. St. Paul’s has professionals that are well qualified to handle all phases of real estate transactions: legal, financial, title, and resale.

The net proceeds from the sale of the real estate gifts, after expenses, can be directed for use as an outright general gift to the specific ministry or area preferred by the donor. Often such gifts are given to memorialize or honor a loved one.

If the net value of a real estate gift is $250,000 or more, the gift may be placed in a Charitable Remainder Unitrust from which income can be paid by St. Paul’s to one or two beneficiaries designated by the donor. Often, the donor (and/or spouse) is the income beneficiaries but other loved ones may also be designated as beneficiaries. After the termination of the unitrust, which usually occurs upon the death of the last surviving beneficiary, the unitrust assets then become available to St. Paul’s for use as the donor has directed. All gifts estimated at over $500,000 in value require a second appraisal.

St. Paul’s considers all types of real estate as potential gift property: apartment buildings, undeveloped land, resort properties, residences, farms, industrial and commercial buildings, condominiums, etc. We would consider partial ownership interest in property when it is clear that the sale of this interest could be arranged reasonably soon.

Donors should understand that a gift of real estate is unique because of carrying costs. Expense can be prorated to the date the property is transferred to St. Paul’s. St. Paul’s may request a transfer of funds to cover Real Estate taxes, rents, security deposits, assessments, property management fees, etc. Otherwise, these additional expenses will be deducted from the net proceeds from the sale of the gift property.

The tax advantages to the donor from a gift of real estate can be significant, especially for highly appreciated property. Your attorney or tax professional can advise you on the charitable tax deduction aspects of a gift.

Gifts of real estate can provide substantial support to St. Paul’s University Catholic Center and will measurably aid in its progress and quality of ministry. Your interest in considering such a gift is appreciated. We will be pleased to work with you in evaluating the mutual advantages of such a gift.

For more information, please email Carolyn Averill, or call at (608) 258-3140.

Gifts of Tangible Personal Property

Tangible personal property is commonly thought of as an asset that can be touched and moved. Examples of tangible personal property include artwork, jewelry, collections, automobiles, furniture, rare coins and stamps, boats, books, antiques, etc.

A gift of tangible personal property can be an appropriate gift to St. Paul’s University Catholic Center. In addition, such a gift can generate a charitable tax deduction.

However, a gift of tangible personal property is subject to certain Internal Revenue Service rules regarding the charitable deduction.

Specifically, the IRS has ruled that donated tangible personal property must be put to a use “related” to the purpose of mission of the organization. A related purpose, or use, of a personal property gift must exist in order that the full fair market value of the asset be a charitable deduction. Otherwise, the charitable deduction is limited to the cost basis of the asset.

Some examples of tangible personal property that could have a related use to St. Paul’s, if given as a gift, are:

  1. Computers; software
  2. Books related to course work at the University Catholic Center
  3. Works of art
  4. Office furniture
  5. Patents and copyrights
  6. Athletic equipment
Delivery

The delivery date, or date of the gift, is the date the tangible personal property is received by St. Paul’s University Catholic Center.

Valuation for Charitable Deduction

If a donor claims a charitable deduction of more than $500 for the contribution of tangible personal property, then the donor is required to have a qualified appraisal dated within 60 days of the donation and reported in Part B of the IRS Form 8283. The donor, according to IRS guidelines, must pay the appraisal fee.

For more information on how to make a gift, email Carolyn Averill, or call at (608) 258-3140.

Charitable Gift Annuity

The charitable gift annuity is one of the oldest forms of gifts with retained income. It may seem strange to think of a gift that is associated with income. However, this type of gift may be an appropriate answer to those donors who wish to make a meaningful contribution to St. Paul’s University Catholic Center while at the same time creating, maintaining, or enhancing an income stream for their own economic security.

What is a charitable gift annuity? Simply, it is a legal agreement between an individual(s) and St. Paul’s University Catholic Center in which the donor gives money, securities or real estate, and in return, the Foundation agrees to pay the donor a fixed income for life.The amount of income received is determined by the value of the gift and the annuity rate. The annuity rate is determined by the donor’s age at the time the gift is made.