How to Make Your Gift
Helpful Legal Information
By Mail or by Phone
Qualified Charitable Distributions/IRA Rollover
Employer Matching Gifts
Wills and Living Trusts
Gifts of Stock
A charitable bequest in your will or living trust is one of the easiest and most flexible ways you can leave a gift to the archdiocese or its parishes, schools, or ministries.
Under a matching gift program, your contribution is matched by your company or corporate foundation’s funds. Search here for your employer’s requirements and ways to use its program.
Also known as a “charitable IRA rollover,” a qualified charitable distribution (QCD) allows individuals age 70½ or older to authorize their administrator to directly transfer up to $100,000 annually from their individual retirement account (IRA) to qualified charities, tax-free. If you are age 72 or older, the amount you transfer can satisfy all or part of your required minimum distribution.
You can make a gift of securities or stock through an electronic transfer or a physical transfer of stock certificates. Please complete the electronic Letter of Intention form, which is available online here.
Please send your check to:
Archdiocese of Newark
Attn: Gift Processing
P.O. Box 7146
Kensington, CT 06037-7146
Make your online gift here.
Consider a Life Income Gift:
Charitable Gift Annuity – A gift annuity is an agreement between an individual and a qualified charitable organization or institution. The donor transfers assets to the organization and receives fixed payments for the rest of his or her lifetime and/or the lifetime of another person, if desired. At the end of your lifetime, the remainder of the annuity will pass to the charitable organization. Since a portion of your gift will be used for charitable purposes, you are entitled to a federal income tax deduction in the year you make your gift. Part of each payment is tax free for a period of years as well.
Charitable Remainder Trusts – This gift can be designated to benefit any particular Archdiocesan program or donor’s parish. It provides fluctuating or fixed annual income for one or more selected beneficiaries. The donor also receives personal and tax benefits.
Charitable Lead Trusts – The trust provides annual income to the Archdiocese toward the program of your choice. At maturity, the trust’s principle returns to you.
Advance planning through a bequest — a gift in your will:
Remember the Church or your parish in your will and avoid paying involuntary taxes at the end of life. A donor can leave cash, securities, real estate or other assets by will. The gift may be designated as a specific amount or as a percentage of the estate to benefit a particular work of the Church which is of most concern to you.
As Catholic Stewards, we are commissioned with the duty to pass on the Catholic Faith to future generations.
Through a planned gift you can pass on this legacy. If you treasure Catholic your faith and would like to invest in its future, please consider a planned gift to your parish or programs and ministries of the Archdiocese of Newark.
Benefits of a Planned Gift
- Extend a donor’s generosity beyond their lifetime.
- Obtain charitable tax deductions now, even for a gift in the future.
- Reduce probate costs and estate taxes.
- Reduce capital gains taxes.
Information for Attorneys and Professional Advisors
As it is important that proper legal titles be used in relation to the Archdiocese of Newark and its various entities, we offer this basic information to assist anyone who needs to utilize a legal name of an Archdiocesan institution or organization in a gift, will, or other legal document. Please note that all entities listed are tax exempt organizations under Internal Revenue Code, 501 (c) (3), and life-time and death-time transfers are tax deductible.
The Legal Name
The Roman Catholic Archdiocese of Newark
In general, the Archdiocese recommends that gifts, wills, and trusts in which the testator wishes to restrict the gift for specific use by the Archdiocese, utilize this form:
“the Roman Catholic Archdiocese of Newark for the use and benefit of _____________”
Each parish church in the Archdiocese is incorporated separately. Parishes and missions follow a specific formula in identifying their legal names, as noted in this document.
Tax or EIN Number:
The Archdiocese of Newark’s Tax ID number is: 22-1487308
This website and all information offered by the Archdiocese of Newark is designed to provide accurate information in regard to the subject matter covered. It is offered with the understanding that the publisher, editors and contributors are not engaged in rendering legal, accounting or other professional service. Any examples given are for illustrative purposes only. For advice and assistance in specific cases, the services of your own counsel should be obtained.
Looking for a Tax-Wise Giving Strategy ? Consider an IRA Qualified Charitable Distribution to your parish or favorite ministry.
- Satisfies your Required Minimum Distribtuions without increasing your Adjusted Gross Income.
- A reduced AGI may decrease the tax you pay on Social Security Income.
- You must be 70 1/2 years old or older when you make the gift transfer.
- The transfer must be directly from your IRA to your parish or the Archdiocese of Newark with a gift designation. These include, but are not limited to:
- The Annual Appeal
- Catholic Schools
- Seminarian Education
- Priests’ Care and Retirement
- Catholic Charities
- CYO/Youth and Young Adult Ministries
- Cathedral Basilica of the Sacred Heart
- The maximum annual amount that can qualify for a QCD is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. (If, however, you file taxes jointly, your spouse can also make a QCD from his or her own IRA within the same tax yearfor up to $100,000.)
- For a QCD to count towards your current year’s RMD, the funds must come out of your IRA by your RMD deadline, generally by December 31.
This is not intended as tax, legal, or financial advice. Always consult a tax specialist or financial advisor for information specific to your circumstances.
- Contact your tax advisor or financial planner to see if a gift from your IRA is appropriate for your situation.
- Contact the IRA custodian to obtain the proper instructions. If they do not have a form, please use the sample letter of instruction.
- Notify your parish or the Archdiocese that your are making a gift from your IRA using this sample letter. Please inform them of the amount and specific designation.
- Most IRA custodians transfer your QCD directly to the charity, however, some may issue a check payable to the charity and send it to the IRA owner. Please ensure to deliver the check to the charity by December 31st.
Please contact the Office of Development and Stewardship if you have any additional questions.