Charitable giving is a hallmark of the December holiday season. Here are a few ways you can support a quality Catholic education that educates mind, body, and spirit at Bellarmine University.
Gift of Cash or Stock
Writing a check, charging your credit card, or making a stock transfer is a simple way to make a gift. Your cash or credit card contribution is deductible and reduces your income tax. For example, if you are in the 24% income tax bracket and contribute $10,000, you can deduct $10,000 from your taxable income which will save you $2,400 in tax ($10,000 x 24% = $2,400). A stock transfer of appreciated stock held for more than 1 year would avoid capital gains taxes as well as allow for this deduction.
If you mail a check, please send it to Bellarmine University, attn. Scott Self, at 2001 Newburg Road, Louisville, KY 40205 and make sure the postmark is no later than December 31, 2024. If you charge your credit card click here and keep documentation that you authorized the charge before December 31 in case the transaction is not processed right away. For a stock transfer, please click here for instructions.
Conclusion
We are incredibly grateful for your generous support and for your belief in our work. We count on your partnership as we move forward. If you have a question about these options, please call us at 502.272.7031. And always consult with your own advisors about how you can take full advantage of the tax savings resulting from your contributions.