You can support Catholic Education or your favorite ministries through a gift today or through a gift model that can provide tax benefits. Some of these models are listed below.
You can donate safely and securely online. Using your credit card, you can either make a one-time contribution or set up a recurring donation.
Donate by Mail
Mail a check or money order payable to:
Central Washington Catholic Foundation
5301 Tieton Drive, Suite F - Yakima, WA 98908
1. Gifts of Securities
Appreciated stocks, bonds, or mutual fund shares you’ve owned more than a year can be great assets to transfer directly to Central Washington Catholic Foundation, which will sell them promptly upon receipt. You’ll be entitled to a tax deduction for the full value of the securities while avoiding tax on any of the capital gain. Most donors give publicly-traded securities, but interests in privately held businesses are also a possibility. Be sure to contact Central Washington Catholic Foundation or our Investment Advisor before making a transfer.
2. Gifts from an IRA
If you are age 70 ½, you can utilize your Required Minimum Distribution to make a Qualified Charitable Distribution. The gift itself can satisfy all or part of your Required Minimum Distribution and create tax benefits, even if you do not itemize your deductions.
In order to for the charitable distribution to be “qualified”, it must meet the following requirements:
- You must be at least 70½ years of age at the time of the distribution.
- The distribution must be from your Roth or Traditional IRA.
- The distribution must be made directly from the IRA custodian to a qualifying charity, such as the Catholic
- Qualified Charitable Distributions (QCD) are limited to $100,000.00 per individual each year. Your spouse
who qualifies may also make a QCD from his or her IRA.
- For a QCD to count towards your current year's RMD, the funds must come out of your IRA by your RMD
deadline, generally December 31.
Please consult with your tax professionals. The Stock Donation Form listed above contains the account information your IRA custodian will need. Be sure to contact Central Washington Catholic Foundation before making a transfer.
3. Matching Gifts Program
Are you interested in possibly doubling your gift to Central Washington Catholic Foundation? If your employer offers a matching gift program, contact your employer’s human resources office for the necessary forms.
Simply send the completed form with your donation to: 5301 W Tieton Dr # F, Yakima, WA 98908
4. Gifts of Real Estate
Subject to prior review and approval by Central Washington Catholic Foundation, a transfer of property owned more than a year that has increased in value can produce the same favorable tax results as those associated with a transfer of long-term appreciated securities. Options include personal residences, vacation homes, apartment houses, commercial buildings, and even undeveloped land.
5. Dual-Benefit Gifts
There are several ways you can not only support Central Washington Catholic Foundation, but also provide for yourself and/or loved ones. In addition, you receive a tax deduction for part of the value of the cash, securities, or real estate used to make your gift. For any complex giving situations please contact Kathleen Wilmes, (509) 972-3732 or email@example.com.
6. Estate Gifts
Through your will or revocable living trust instrument you can arrange a gift for Central Washington Catholic Foundation once your life has ended. If your circumstances change, you can revise the applicable document so long as you have the necessary legal capacity, and your gift can even be made contingent, e.g., “If my spouse does not survive me, then . . .”
Suggested wording to share with your attorney:
“I hereby give to the Central Washington Catholic Foundation, Tax Identification Number 33-1022610, currently located at 5301 Tieton Drive, Suite F, Yakima, Washington 98908 [choose one: the sum of $_________/the following particular asset, property, IRA, or insurance policy/all (or a certain percentage) of the rest, residue, and remainder of my estate (or the assets of this trust)] and I request the same be used for [the accomplishment of its general purposes/specified Catholic Foundation Fund/purpose as described].”
7. Beneficiary Designations
An appealing alternative to a traditional estate gift is naming Central Washington Catholic Foundation as the recipient of some or all of the end-of- life value of a life insurance policy, an annuity contract, an IRA, a qualified retirement plan such as a 401(k), or an account with a bank or financial institution. Your gift is easy to arrange (or revise), avoids probate, and – in some cases – can reduce taxes loved ones might otherwise have to pay.
8. Gifts of Miscellaneous Items
Things such as works of art, manuscripts, literary works, and computer hardware can sometimes be appropriate to donate to Central Washington Catholic Foundation, whose Board of Trustees will first determine whether a particular item can be accepted.