Our Personal Sacrifice

The sacrificial gifts of each and every parish family are essential to the success of this campaign. We are asking every family to consider a three year gift of $3,000 with a ten percent down payment ($300).  Every family has different financial obligations and only that family can decide what they can truly sacrifice for Saint Dominic Catholic Church.
We ask that families make their personal decision in a true Christian spirit, to share with God’s people the gifts that God has given. Please consider contributing a gift that truly reflects gratitude of your faith and a willingness to support the work of our Church. Providing for the future life of our church is both our responsibility and our privilege. This is our parish and we will achieve our parish goal through generosity and the sacrifice of each and every member. It is asked that all families sacrifice financially to the best of their ability.

This campaign seeks to raise the funds necessary to renovate and restore our church structure. Again, we will need every family’s participation at every level. If a family is financially able to consider making a sacrifice of more than $3,000, it is asked that they prayerfully consider doing so. Gifts at the levels of $5,000, $10,000, $15,000, or more are needed and your sacrificial giving will be an example and inspiration to our church community. We are calling upon leadership gifts for this endeavor to ensure the success of this campaign.

The chart below provides suggested guidelines when considering  your gift to the, “By God’s Grace, All Will Be Well” Capital Campaign. Please consider the gift plans carefully and select the one that reflects your family’s ability to give sacrificially.

Gift Plans to Consider

Example: Each family is asked to consider a gift of $3,000 payable over three years with a ten percent down payment.

$3,000
- $300

$2,700 gift balance divided by three (3) years = $900 a year
$900 divided by twelve (12) months = $75 a month


Campaign Pledge Card

When filling out the pledge card, please be sure to provide all the information requested. This will allow the church to clearly understand the intentions of your gift. It is important to include your name, address, phone number, signature, the total amount of your gift, and your down payment. The signature does not legally bind you to this pledge. Your gift is a promise to the church and your signature indicates your intentions.

A ten percent down payment is encouraged and allows the church to begin necessary projects sooner rather than later. Be sure to indicate the payment schedule you prefer to fulfill your gift balance. On your pledge card, please provide the following:

    • Type of payment schedule (monthly, quarterly, etc.)
    • Number of years (one, two, three, or other)
    • Months preferred to pay if choosing quarterly, semi-annual, or annual
    • Method of payment

Again, down payments are not necessary, but rather they are encouraged to allow early funding for campaign projects to begin sooner.

As You Make Your Gift, Please Remember…

  1. Fulfilling your campaign pledge is in addition to your regular offertory contribution. The Sunday offertory collection pays for the day-to-day operations of the parish, while your pledge payments in this campaign will be used specifically for the capital needs that have been outlined in this brochure.
  2. Pledges are not legally binding, but rather are an indication of your intentions.
  3. All pledge payments are tax deductible.
  4. Please provide all requested information on the campaign pledge card to ensure that your pledge payments are set up correctly.
  5. Payments can be made over a period of 36 months, monthly, quarterly, semi annually, or annually.
  6. Pledge reminder statements will be mailed to you from Saint Dominic Church in accordance with your payment plan, beginning November, 2009.
  7. Payments should be submitted to the Parish Office with the pledge reminder statement remittance coupon and check payment in the provided return envelope.
  8. Please make checks payable to: “By God’s Grace, All Will Be Well” Campaign.


Tax Advantages of Giving

Federal and state laws on income and inheritance taxes encourage charitable giving. Contributions to our campaign may be deductible.

Since each family situation is unique, we urge you to discuss your commitment with your family and your financial advisor to determine which gift plan would be most beneficial to you and to Saint Dominic Church. Individual circumstances alter specific cases, and you should seek up-to-date professional advice based upon current laws and regulations. Consult your financial advisor for answers to specific questions regarding IRA Charitable Rollover Gifts or Stock Gifts.

IRA Charitable Rollover
Special legislation allows you to make charitable gifts directly (‘rolled over’) from a traditional or Roth Individual Retirement Account (IRA) without incurring federal income taxes. The following limitations apply:

    • Donor must be age 70 1/2 or older
    • Paperwork must be completed by December 31, 2009
    • The cap on annual IRA rollovers is $100,000
    • The contribution must be a direct gift to a charity (no planned gifts)

For additional information on how to make an IRA Charitable Rollover gift, please contact Mrs. Therese Love in the Diocesan Finance Office at 614-224-1221.

Gifts of Stock
It may be advantageous for some donors to contribute appreciated securities. If you choose to contribute stock or securities you may receive additional tax benefits.

Procedure to Transfer Stock
Delivery through a Stockbroker:
If your stockbroker holds your stock or security, it may be transferred electronically to an account. Please call the Finance Office for the Diocese of Columbus at 614.224.1221, for more detailed instructions. The Associate Director, Mrs. Therese Love, will provide you with the brokerage account information of the diocese including the federal tax ID number and the DTC number at the brokerage firm. You – the donor – will then have to contact your broker to transfer the securities into the diocesan account on behalf of Saint Dominic Parish.

Please indicate on your pledge card in the space provided, the name of the securities and the number of shares you would like to transfer. Once the stock has been transferred, you will receive the appropriate acknowledgment letter from the parish and the Diocesan Finance Office.
 
Nota Bene: The value of the gift is the value of the securities on the date they are transferred.

Making Your Gift to the Campaign

  1. Please read carefully this informational brochure and prayerfully consider a sacrificial gift. Discuss it with family members and your financial advisors, if necessary.
  2. Fill out the enclosed pledge card. Indicate the total amount of the pledge, the down payment enclosed, and the payment plan best suited to your pledge and your family’s financial situation.
  3. The suggested down payment is 10 percent of your total pledge. Down payments help to provide the cash flow needed to begin the project. However, including a down payment with your pledge is not mandatory.
  4. All checks should be made payable to: “By God’s Grace, All Will Be Well” Campaign. Any variation of the campaign name can be used as long as the parish office can recognize the intention of the donor.
  5. Pledge Reminder Statements will be mailed to you according to the schedule that you indicate on the pledge card: monthly, quarterly, semi-annually, or annually.
  6. Please enclose the completed pledge card along with your down payment in the envelope provided. All responses are greatly appreciated, and no gift is too small. You may mail it, drop it in the weekend collection, or return it to the parish office (during regular office hours) at: Saint Dominic Catholic Church, By God’s Grace, All Will Be Well, 453 N. 20th Street, Columbus, OH 43203-0572
  7. If you prefer, a campaign representative will contact you personally. You can further discuss the campaign and deposit your pledge with him or her.