A Variety of Opportunities to Help Us Continue Our Ministry

The guidelines listed below contain general information regarding giving options. However, we urge you to seek the counsel of a professional financial advisor prior to making your final decision.

The Dominican Province of St. Joseph is a 501(c)3 not-for-profit tax-exempt institution.

• Matching Corporate Donations: Many corporations and business will match charitable contributions made to a nonprofit charitable trust or organization. Please consult with your employer to see if such a policy exists.
• Gifts of Cash: A gift of cash is fully deductible in the year the gift is made limited to 50% of your adjusted gross income. Excess amounts can be carried forward for five years.
• Pledges: Extending payment over a period of three years may enable you to make a more substantial contribution, and to design a plan that best fits your needs. We ask that you consider a 10% initial gift. Gifts of over $10,000 may be spread out over a fourth or fifth year/ Pledge contributions are deductible when paid.
• Securities: When you contribute stocks, bonds, or other securities, you are allowed a charitable deduction based on whether the securities qualify as long-term or short-term capital gain property. For long-term securities, the deduction would be the fair market value on the date of the gift, limited to 30% of your adjusted gross income in that year. With any excess carried forward for five tax years. For short-term securities, the deduction would be the tax basis or cost, limited to 50% of your adjusted gross income. We have arranged to sell donated securities for a nominal commission charge.
• Life Insurance: The gift of a life insurance policy can also be a means of obtaining tax benefits, and leveraging your gift dollars to benefit the Province. The irrevocable gift of an existing policy results in an immediate income tax deduction for the fair market value of the policy. The payment of additional premiums after the transfer would yield additional deductions. When a new policy is obtained, the deduction would be for the premiums as they are paid each year. In this case, the Province would be the owner and the beneficiary of the policy.
• In-Kind Gifts: A charitable deduction may be available for the fair market value of in-kind gifts of goods or services.
• Bequest: You may include a provision in your will leaving a gift to the school. This is one of the most common forms of deferred giving, and will result in a charitable deduction for your estate equal to the fair market value of the gift. If you are considering a bequest in your will, you should discuss with your professional financial advisor the comparative advantages of the charitable trust options discussed above.
• Real Estate: Gifts of appreciated real estate that qualify as long-term capital gain property, may provide a charitable deduction for the full market value of the property, limited to 30% if your adjusted gross income, with any excess carried forward for up to five tax years.
• Real Property with Retained Life Interest: You may give your personal residence of farmland to the Province, yet retain lifetime use of the property for yourself and your spouse. This is an irrevocable gift, and results in immediate charitable deduction equal to the fair market value of the Province's remainder interest, subject to a 30% limit.
• The HomeGift Program: If you are planning to buy or sell a home, or you know someone who is, then HomeGift is a way you can support the Dominicans in a significant way. By contacting the Dominican HomeGift program before you commit to a real estate agent, you can get money back - potentially thousands of dollars - when you buy or sell a home. You then decide how much to keep and how much to share with the Dominicans. Please Click Here for details.