IRA Rollover

Jim and Jackie are members of Sacred Heart Parish/Aberdeen.  They have enjoyed supporting their parish as well as the St. Thomas Aquinas Newman Center, as Jackie was a long-time employee of Northern State University.  While working they typically made monthly gifts to their parish and their favorite ministry.  Upon retirement, the Hansons became aware that…

Bunching Gifts

Some donors may benefit from concentrating, or “bunching” their charitable contributions for potential income tax savings.   So what is bunching and how can it provide tax savings? It is concentrating, for example, doubling your charitable giving in tax year one and then not making charitable donations in tax year two.  In this way, a donor…