To provide transparency for our parishioners, every six months we provide a general fiscal narrative.
We rely on the generosity of parishioners and visitors in order for our parish to thrive! We would not be able to fulfill our mission without your financial contributions.
There are several ways that you can donate, and many places to direct your donation. You can give to the general offertory, the Capstone Campaign (to build our new office building), St. Mary’s Youth Ministry, St. Mary’s School, or our Haiti Mission. Keep reading for more information.
The best part is that you can donate online, right from your computer or smart phone!
Our finance staff can even set up automatic monthly drafts for you, so you don’t have to remember to place your check in the collection basket each week or month. Click here to download the authorization form.
Our parish is truly grateful for your ongoing stewardship & support! Here are some other ways that you might want to consider giving to your parish.
IRA Contribution
Individuals age 70 ½ and over may make a donation direct from their Traditional IRA direct to St. Mary’s without that money being included in their adjusted gross income. While this can be a benefit to all taxpayers, the direct donation can be especially useful for those that don’t itemize deductions, and for those that are forced to take a Required Minimum Distribution. In order for you to get this tax break, the check must go directly from your IRA trustee to the church. Contact Calli Carpenter at the Parish Office or your tax advisor for more information.
Stock Gifts
If you own securities that are worth more than you paid for them, you may receive an income tax deduction for the full current market value of the stocks donated. In addition, you may bypass capital gains taxes that would otherwise be due. It is simple to make a transfer and we can easily provide you electronic transfer account information. The church encourages donors to consult with their tax advisors when considering these types of gifts.
Wills
Charitable bequests can reduce taxes and help you benefit your family and others through your will or living trust. Please remember St. Mary’s Catholic Church in your will or living trust. To discuss this with our finance staff, please contact Calli Carpenter at the parish office: 731.668.2596 or calli.carpenter@stmarys.tn.org.