Ways to Give
As each one has received a gift, use it to serve one another…1 Peter 4:10
Thank you for your interest in our mission and for your desire to help UW-Madison students on their faith journey! The ministry of Saint Paul’s Catholic Student Center 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 University of Wisconsin-Madison students.
Saint Paul University Catholic Foundation, Inc. is a 501(c)(3) organization and gifts are tax-deductible per IRS law. You will receive a tax letter for your contributions.
If you have questions about how make a gift, email Director of Advancement, KC Daniels at firstname.lastname@example.org, or call at (608) 258-3140.
Ways to Donate
You may place your gift in the Sunday Collection basket or you may drop of a donation to a Front Desk Volunteer.
Saint Paul’s Catholic Student Center
Attn: Sophia Madore
723 State Street
Madison, WI 53703
Call Sophia Madore at (608) 422-4818 to make your gift using a credit/debit card.
Accepted Methods of Giving
CASH, CHECK, OR MONEY ORDER
Made payable to “Saint Paul’s Catholic Student Center”
We accept: VISA, Mastercard, American Express, and Discover
Send us a voided check along with the amount and frequency of your gift (one-time, monthly, quarterly).
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 Saint Paul’s Catholic Student Center. Contact your company’s personnel or human resources department to find out if they have a corporate gift-matching program.
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 Saint Paul’s Catholic Student 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.
It’s easy to make a gift of securities. There are three methods to transfer the stock:
- If the certificates are held in a brokerage account, simply ask your broker to contact our office for instructions on making the transfer.
- 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.
- Lastly, you can hand-deliver securities to the Saint Paul’s Catholic Student Center, Development Office.
As an expression of dedication and generosity for Saint Paul’s Catholic Student Center and its students, many alumni and friends have pledged parts of their personal estates in support of Saint Paul’s. 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
- Percentage Bequest
- Specific Bequest
- Residuary Bequest
- Contingent Bequest
For more information on how to make a bequest contact Scott Hackl (email@example.com) or call at (608) 258-3140.
Saint Paul’s Catholic Student 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 Saint 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, Saint Paul’s may decide to hold a property if the income potential or the opportunity for greater appreciation in value favors such a decision. Saint 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 Saint 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 Saint Paul’s for use as the donor has directed. All gifts estimated at over $500,000 in value require a second appraisal.
Saint 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 Saint Paul’s. Saint 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 Saint Paul’s Catholic Student 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 – please contact Scott Hackl (firstname.lastname@example.org) or call at (608) 258-3140.
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 Saint Paul’s Catholic Student 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:
- Computers; software
- Books related to course work at the Student Center
- Works of art
- Office furniture
- Patents and copyrights
- Athletic equipment
The delivery date, or date of the gift, is the date the tangible personal property is received by St. Paul’s University Catholic Center.
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.
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 Saint Paul’s Catholic Student 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 Saint Paul’s Catholic Student 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.