Ascension and St. Edmund Close the Gap Initiative

Our Close the Gap initiative is underway as our faith community comes together to reduce our deficit before June 30. We are deeply grateful to those of you who were able to support our spring raffle which closes this weekend. The raffles proceeds have already allowed us to meet our budgeted fundraising revenue of $80,000 for the current fiscal year. Anything raised above $80,000 will go toward our Close the Gap fund. The results of the raffle will be published in next weekend’s bulletin as the raffle was still open at the time this bulletin went to print. Our success thus far was only made possible by your generosity. 

Over the next 4 weekends you will hear about the importance of our Close the Gap initiative. Every dollar you contribute subsidizes our parish operations and funds our vibrant ministries which are one of the many ways we live out our faith.  

Listed below are unique ways you can support this critical cause while taking advantage of various tax benefits. It’s a win-win for you and for our parish!
 
General Tax Deductible Donation
  • Please consider making a tax-deductible donation in any amount to help reduce our gap.
Donation of Appreciated Securities
  • If you have stock that has risen in value, and you have held it for at least a year, you can donate the stock itself to the parish and avoid all the capital gains tax AND take a charitable deduction for the appreciated amount. This works for taxpayers of any age.  

Qualified Charitable Donation from Your IRA
  • If you are age 70-1/2 or older, you can make donations to the parish directly from your IRA and incur no tax on the withdrawal from your account. You can donate up to $100,000 per individual a year in this way. Any qualified charitable donations you make also count toward your required minimum distributions (if you are required to take minimum distributions), and you can do this tax-free even if you do not itemize. The payment must be made directly from your IRA to the charity. 
 
Please contact the parish office at (708) 848-2703 & (708) 848-4417 for assistance or reach out to Director of Development, Maria Allori, at (708)528-7622 or [email protected]

To make an online donation:    https://www.givecentral.org/customizable-online-giving/580/event/40707
For checks, please write “close the gap” on the memo line. 
 
May God bless you for your ongoing generosity.