Year-End Giving Information
Ways to Give by December 31, 2023:
Online:
2023 credit card gifts can be made online until 11:59 p.m. EST on Sunday, December 31, 2023. The transaction must be successfully completed to count for 2023.
Tax receipts are sent immediately by email following a successful transaction. Please retain this email for your tax purposes.
Please go online to make credit card gifts; do not send credit card information through email.
Phone: (267) 272-3048
The office will be closed beginning Monday, December 25, 2023 and will reopen on Tuesday, January 2, 2024.
Credit card information should not be left on voicemail.
Checks by Mail:
Checks may be made payable to The Augustinian Fund and can be mailed to:
The Province of Saint Thomas of Villanova
Office of Advancement
214 Ashwood Road
Villanova, PA 19085
Checks sent through the mail must be postmarked by December 31, 2023 to be processed for calendar year 2023.
Credit card gifts received in the mail after 12 p.m. EST on Friday, December 31, 2022 will not be processed until January 2024 and will receive a calendar year 2024 tax receipt.
We encourage you to mail your gift by December 15, 2023 to ensure receipt by the Augustinians before December 31, 2023.
Wire Transfers
Transfers must be received in the Province’s account on or before Friday, December 29, 2023. Check with your broker for their institutional deadlines required to complete a transaction. Some brokers require up to ten days notice for a transfer.
Please notify Madonna Sutter at madonna.sutter@augustinian.org prior to the transfer.
GIFTS FROM YOUR IRA
You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as the Augustinian Province of St. Thomas of Villanova without having to pay income taxes on the money.
Beginning in the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
Stocks and Securities
A charitable gift of stock provides an opportunity for tax savings while generously supporting the Augustinian Friars. Electronic delivery of stock shares is the most secure and expedient delivery process available and provides efficient internal control as well as cost savings.
To help you facilitate a gift of stock, you will need to:
1. Provide your broker with the following stock transfer instructions:
JP MORGAN CHASE, N. A.
DTC #0902
ACCOUNT #P72500
FFC: BOHSA - BROKERAGE #E65639008
TAXPAYER ID: 23-1600614
2. Call or email Madonna Sutter at madonna.sutter@augustinian.org or (267) 272-3048 to inform her of your intention to make a stock gift and the name of the stock that your broker will transfer.
The true value of the gift is calculated on the date JP Morgan Chase Bank receives the stock by taking the high and low share price to determine a mean share price which will provide the actual gift value for the donor’s tax purposes.
