All stock, IRA, and matching gift donations will be credited directly to the parish, school, or diocesan entity designated by the donor and in accordance with the donors’ wishes. These gift gift donations are processed through the Campaign Processing Office of the Diocese of St. Petersburg, and will be credited directly to the fund indicated by the donor in accordance with the donors’ wishes.

⨳Stock Gifts

If donating stock, we request that the donor notify the Campaign Processing Office (PDF form click here) and provide us with the number of shares, the name of the stock(s)/security(ies) being gifted, which diocesan entity the gift is to benefit, and how you wish your gift to be applied.  The mailing address is as follows:

Diocese of St. Petersburg

ATTN: Campaign Processing Office

P.O. Box 40200

St. Petersburg, FL 33743-0220

FOR DIRECT TRANSFERS (Broker to Broker) to the Diocese of St. Petersburg and all diocesan entities, please use one of the following authorized listed brokerages:

Charles Schwab

Contact person: Kathy King, Diocese of St. Petersburg Campaign Processing Office
Email: kck@dosp.org
Phone: (727) 341-6841

Morgan Stanley 

Contact person: Tony Pastore
Phone: (813) 286-5628
Email: Tony.pastore@morganstanley.com
Address: Two Urban Centre, 4890 West Kennedy Blvd., Suite #700
Tampa, FL 33609

Raymond James

Contact person: Robert Carney
Email: Robert.Carney@RaymondJames.com
Phone: (813) 634-5536
Address: 133 S. Pebble Beach Blvd.,  1st Floor
Sun City Center, FL 33573

Merrill Lynch

Contact person: Joel Manings
Email: joel_manings@ml.com
Phone: (727) 824-7398
Address: One Progress Place
St. Petersburg, FL 33701

Contact person: Tricia Campbell
Email: tricia.campbell@ml.com
Phone: (727) 824-7348
Address: One Progress Place
St. Petersburg, FL 33701

⨳IRA

Donating part or all unused retirement assets is an excellent way to make a gift to support parish, school or diocesan programs, services and outreach in a variety of ways. By “rolling” the distribution from an individual retirement account (IRA), directly to a charity, donors can make a gift to further the work and mission of our Church while possibly receiving a tax benefit.

Please note: It is vital for donors considering this option to speak with their tax advisers and financial advisers.

While there has been a lot of talk about the SECURE Act, voted into effect in December 20, 2019, it is important to know anyone can still make a qualified charitable distribution from their retirement account, no matter their age.

Benefits

  • Individuals 70 ½ years of age and older as of January 1, 2020, are still able to make qualified charitable distributions that can count toward the required minimum distribution (RMD). This will keep the RMD from being included in adjusted gross income for tax purposes, which can be a benefit for some even if they do not itemize deductions.
  • For all others, the age to make a qualified charitable distribution that counts toward the required minimum distribution was increased to age 72.
  • For those planning on leaving their IRA to their children in their estate, the SECURE Act put a cap on the amount of time they have to access and use the funds at 10 years. Therefore, depending on their ages, donors may want to consider leaving heirs assets that receive a step up in basis, such as insurance plans, real estate and stock, and utilize the retirement assets for charitable giving.

Details

To initiate a donation from an IRA, the steps are:

  1. Contact the IRA plan administrator.
  2. Provide the IRA plan administrator with the following information:
    • the Tax ID number and mailing address the gift should be sent to (Diocese of St. Petersburg, ATTN: Campaign Processing Office, PO Box 40200, St. Petersburg, FL 33743-0220)
    • the total amount to contribute
    • gift allocation. One distribution can be used to support multiple diocesan entities and ministries. For example, a total qualified charitable distribution of $10,000 can be split as follows: $1,000 for the offertory of “Parish Name”; $5,000 for the Annual Pastoral Appeal for “Parish Name”; $2,500 for the Capital Campaign for “Parish Name”; $1,500 for the endowment for Catholic Charities, DOSP.
  3. Verify the IRA plan administrator will include donor name on the check/stub being sent.
  4. Notify the Campaign Processing Office a gift was initiated a gift from an IRA, the amount of the gift, the name of the company the IRA is held with and include how gift allocation. Notification can be sent by email to stock-iradonations@dosp.org, or by mail to Diocese of St. Petersburg, Campaign Processing, PO Box 40200, St. Petersburg, FL 33743-0200.
  5. IRA funds will be directly transferred to the specified organization to help continue our important work. Once the payment is received, an acknowledgement letter will be sent with a copy going to the entities receiving funds.

Please contact us if you have any questions about an IRA charitable rollover gift. We would be happy to assist you and answer any questions you might have.

⨳Matching Gifts

Some companies match the charitable contributions of their employees or retirees dollar for dollar. As a registered not-for-profit, gifts to diocesan programs, services and schools sometimes qualify. Please contact your company’s Human Resources office to find out if they support a matching gift program.

Please contact us if you have any questions about stock, IRA and/or matching gifts. We would be happy to assist you and answer any questions you might have.