Tax-Favored Charitable Gifts

IRA Charitable Rollover

If you are 73 or older and must make a required minimum distribution (RMD) from your IRA but don’t need the funds, St. Benedict Center would be most grateful to receive a gift of part or all your RMD.  These qualified charitable distributions are made by direct transfer and must be made by December 31 each year.

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to the St. Benedict Center

  • Make a gift that is not subject to the deduction limits on charitable gifts

  • Help further the work and mission of the St. Benedict Center

How an IRA charitable rollover gift works

  • Contact your IRA plan administrator to make a gift from your IRA to the St. Benedict Center

  • Your IRA funds will be directly transferred to St. Benedict Center to help continue our important work

  • Please note that IRA charitable rollover gifts do not qualify for charitable deduction

  • Please ask you IRA plan administrator to include your full name and address with the gift information

Gift of Stock

A gift of long term appreciated publicly traded stock may entitle the donor to an income tax charitable deduction for the fair market value of the stock on the effective date of the gift and also avoid capital gains tax.  In many cases, it is more advantageous for a donor to donate the securities to a qualified organization than to sell the securities and donate the cash proceeds.  However, we recommend that you consult your tax advisor for additional information.

To transfer stock to the Saint Benedict Center:

1.       Instruct your broker to transfer shares of stock to the Saint Benedict Center using the following information:

              Broker:  Merrill Lynch, Pierce, Fenner & Smith Inc

Contact: James W. Ambrose II (402.496.5145)

Address: 13321 California St, Suite 200, Omaha, NE 68154

DTC Number: 8862

Account Number: 681-02547

              Account Name: Saint Benedict Center

2.      Contact Fr. Thomas Leitner O.S.B., Administrator of SBC, at 402.352.8819 Ext 356, or email him at frthomas@stbenedictcenter.com, to ensure the Saint Benedict Center is aware of your pending stock transfer.

Upon receipt of the transfer, we will issue a stock transfer receipt to you.  The gift is valued as the fair market price of the stock.  The fair market value, as defined by the IRS, is the average of the high and low prices of the stock on the date of the transfer. 

Please contact Development Office with any questions at 402.352.8819.  Thank you.