Although the Church teaches that offering some form of material support to the Church is obligatory for all Catholic adults who are able to do so, it doesn’t specify what percent of one’s income should be given. Remember, tithing was an Old Testament obligation that was incumbent on the Jews under the Law of Moses. Christians are dispensed from the obligation of tithing ten percent of their incomes, but not from the obligation to help the Church.
The key to understanding how God wants us to give to the Church is found in 1 Corinthians 16:2, “On the first day of the week [Sunday] each of you should set aside whatever he can afford,” and in 2 Corinthians 9:5-8, So I thought it necessary to encourage the brothers to go on ahead to you and arrange in advance for your promised gift [donation], so that in this way it might be ready as a bountiful gift and not as an exaction. Consider this: Whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully. Each must do as already determined without sadness or compulsion, for God loves a cheerful giver. Moreover, God is able to make every grace abundant for you, so that in all things, always having all you need, you may have an abundance for every good work.
God doesn’t demand a fixed amount of money from us; he wants us to give from the heart. If people are forced by their church to give a certain percent of their income, that’s extortion. If they give freely and cheerfully the amount they are able, that’s a gift. Choose your giving method! We are so grateful for your continued support.
Giving back to God and our community in time, talent and treasure is an act of gratitude for the blessings we have received. Whatever you might be able to give to Saint Cecilia Cathedral Parish, please be generous. Your contribution is a welcome investment with incredible returns.
GIFTS OF CASH
Cash gifts are the easiest and often times the simplest way of making a gift. You may choose any of the following methods to make a gift today:
Many companies have Matching Gift programs which double, or even triple, tax deductible contributions made by their employees. Ask your personnel office for more information about your company's matching gift program.
Call the Development office of Saint Cecilia Cathedral at 402-551-2313 if you have specific questions.
3 steps to set up a matching gift:
1. Find out if your company matches gifts to Saint Cecilia Cathedral.
2. Obtain a matching gift form from your HR office or your company's website.
3. Complete the form and send it to the Development Office of Saint Cecilia Cathedral, 701 N 40th Street, Omaha NE 68131.
GIFTS OF LIFE INSURANCE
Naming Saint Cecilia Cathedral as owner and sole beneficiary may prove to be beneficial.
LIFE ESTATE GIFTS
Donating your personal residence, vacation home, farm or business and reserving the right of residency and use for an agreed upon term, usually the balance of your lifetime, may prove to be an advantageous financial strategy.
GIFTS OF APPRECIATED PROPERTY
Gifts of appreciated property held for more than one year, such as real estate, common stock, mutual funds, bonds, IRAs or retirement plans, offer significant advantages to the donor.
CHARITABLE GIFT ANNUITIES
In exchange for your gift of cash, securities or other property, we will provide you and/or a named beneficiary an annual fixed annuity payment for life. Gift annuities offer immediate tax advantages, including partial avoidance of capital gains tax on the appreciation of donated property.
CHARITABLE REMAINDER TRUSTS
You may establish a significant gift in the form of a charitable remainder trust that can provide a substantial income to you during your lifetime and, if you choose, during the life of a named beneficiary. Upon the death of the final beneficiary, the trust is terminated and the remaining principal is given to Saint Cecilia Cathedral.
A bequest is a provision in the donor's will leaving a specific amount, percentage or remainder of assets to us. It is a simple matter to include a bequest to Saint Cecilia Cathedral directly in your will or in a codicil to your will. To expedite your good intentions, here is a recommended clause for making an outright unrestricted bequest to Saint Cecilia Cathedral:
"Saint Cecilia Cathedral of Omaha, a Nebraska entity, is to receive the sum of (indicate a specific amount or percentage). This bequest is unrestricted, and the pastor may use and expend the same for the benefit of Saint Cecilia Cathedral in Omaha in any manner it deems appropriate."
This is an example. Always consult your attorney for specific legal advice. Should you wish to make a bequest that is restricted to a specific purpose, parish or ministry, please contact us for examples of appropriate wording.
GIFTS OF STOCK
If you contribute long-term appreciated securities to Saint Cecilia Cathedral, you receive a two-fold income tax benefit: a charitable deduction for the full present fair market value and no tax on the value of the appreciation. The limit on deductibility in any tax year is 30% of your adjusted gross income; any excess is deductible over the next five years. If you wish to contribute securities on which you have a loss, consider selling them instead and donating the proceeds to Saint Cecilia Cathedral. You will then realize a tax deduction for the loss in addition to the charitable deduction. For legal and professional advice, please consult an attorney.
A very practical way to make a gift to Saint Cecilia Cathedral!
In December 2015 the United States Congress passed legislation commonly referred to as the “Protecting Americans from Tax Hikes (PATH) Act of 2015.”
A provision of this legislation MAKES PERMANENT benefits available to individuals aged 70-1/2 and older who make direct transfers of up to $100,000 from their IRAs to qualified charities such as Saint Cecilia Cathedral Parish and School.
This law—which allows you to make tax-free transfers from your IRA or Roth-IRA assets to Saint Cecilia Cathedral Parish and School—can provide you with a number of planning benefits this year, including: * Direct tax-free transfers of IRA assets to Saint Cecilia Cathedral can be counted against your required minimum distribution (RMD); * Direct tax-free transfers of IRA assets to Saint Cecilia Cathedral will not increase your adjusted gross income for your 2016 federal income tax purposes;* Non-itemizers can utilize the assets in their IRA for charitable purposes.
How does this work? You may make tax-free, 2016 transfers from your IRA or Roth-IRA if: * You are 70-1/2 years old or older;* Your tax-free transfers do not exceed $100,000 and are made by December 31st; * Your tax-free transfers are made directly from your IRA or Roth-IRA to a qualified public charity, like Saint Cecilia Cathedral Parish and School, and not to donor-advised funds, charitable remainder trusts, or charitable gift annuities.
Transfers completed by December 31, 2016 will be free of federal income tax this year, and the gift qualifies for the donor’s 2016 required minimum distribution. Note: If you wish to take advantage of this opportunity, but hold retirement assets outside of an IRA or Roth-IRA, you will need to convert your current assets to a Rollover IRA, prior to initiating your gift.
Thank you for considering taking advantage of this excellent charitable-giving opportunity!
All gifts to Saint Cecilia Cathedral are tax-deductible as defined by current laws and a donor's own financial circumstances.