Federal and state laws on both income and inheritance taxes are designed to encourage gifts to religious organizations.
Gifts may be made a number of ways and are highlighted below:
Gifts from Current Income . . . the amount that may be deducted from an individual’s current income is based on federal income tax brackets.  Information in this brochure is not intended for specific legal advice, therefore the individual should discuss tax advantages with his/her tax consultants.
Gifts in the Form of Securities . . . the donor pays no capital gains taxes on securities that have increased in value since originally acquired, and may deduct the full current market value from taxable income.  For more information on donating securities, please contact the parish office at 216-731-1515.
Gifts from IRA . . . a donor who is 70 1/2 or older may satisfy the Required Minimum Distribution (RMD) for their IRA while avoiding the income tax liability. 
Official receipts will be given to all contributors and may be used for federal income tax purposes.