Your voluntary weekly offering is a welcome gift that supports the spiritual work of our parish and maintains our physical plant by allowing us to meet the expenses of parish life. As well, your contribution is an offering to God for the many blessings that He has given to you and your family.
Option A: Weekly Envelopes
Envelopes can be provided to you for your weekly contributions. They are currently available at the back of the church by asking an usher or by calling the parish office. You do not have to have the same envelope number each year. Just remember to write your name and address on the first five or six that you use and your number is edited.
Option B: Postdated Cheques
You may wish to donate weekly by postdated cheque. Many of our parishioners who are lucky enough to be “snow birds” for the winter months leave postdated cheques for their weekly offerings. Also, for those who are often away in the summer months, this option provides a means to donate even though you may not be able to attend church regularly. You may drop post-dated cheques off to the parish office or if you place them in the collection, please mark the envelope “FOR OFFICE STAFF”.
Option C: Pre-Authorized Donations
Through pre-authorized withdrawals and automatic deposit, you are able to support your parish even when you are not able to be present on Sundays. Your bank account will be debited automatically weekly, monthly or whenever you wish. This amount will be credited to your parish’s account. Convenient, easy to budget and no fees!
Option D: Visa / MasterCard / American Express
Convenient, safe, and reliable, contributions can be made monthly, or at any time at your convenience. It’s safe, easy, and absolutely free.
Donations to the parish can be made in a special way – to the Pro-Cathedral Memorial Fund in memory of your loved ones and friends as an expression of sympathy. These donations are used exclusively for parish needs such as purchasing needed items for the church, for specific projects of renewal, for special building needs, etc. Such needs are determined by the Parish Council. Each of these gifts are acknowledged with an appropriate card to the family or individual concerned. Donations to the Memorial Fund may be made either directly at the parish office or at the funeral home and Tax Receipts are issued for all donations to the Memorial Fund. Donations to the Memorial Fund may also be made through Last Will and Testament Gifts. When preparing your Will, please consider including the Pro-Cathedral Memorial Fund as a beneficiary. Each month a Mass is celebrated at the Pro-Cathedral for the intentions of all those who donated to the fund and for those who are remembered through donations to the Memorial Fund. A “Book of Life” records the names of all those who are remembered in the Memorial Fund and is on display in the month of November in the Pro-Cathedral.
Other types of financial contributions, less immediate, involves some pre-planning. It involves assets in forms other than money, such as property, stock or annuities. Talk to a reputable financial planning professional about the possibilities of supporting the parish in any of the following ways:
- Wills – Your contribution would come from your estate. There is a significant tax advantage for your heirs. And if you donate a gift of property such as a cottage, you still get to enjoy it as part of your retirement lifestyle and your heirs will benefit from the tax advantage your gift earns through your estate.
- Gift Annuities – This method allows you to make a financial gift but still receive an income – and a portion, if not all, of the income is tax free. In addition, tax laws allow older seniors a one-time tax receipt for a portion of the total gift. Your income is guaranteed for life, and your income will remain constant.
- Insurance – This method is way for younger people to leave an affordable legacy. You can purchase a policy for a tax deductible premium of a few dollars each month until the policy is paid, and leave a significant bequest for the work of the church. Older people who have an insurance policy in force can name the church as owner and beneficiary. You get a tax credit for any cash in the policy and a tax receipt for any premiums still being paid. A distinct advantage of donating money in an insurance policy is that it is not usually ‘active money’ so it doesn’t take cash out of your everyday income.
- Publicly Traded Securities – Present tax laws stipulate that if you sell publicly traded securities (stocks, bonds and mutual funds) privately, you are taxed on 50% of the capital gains. If you gift the securities directly to charity, however, you pay no taxes on capital gains while also receiving a tax donation receipt for the full market value of the securities. This means that the gifting of securities that have appreciated in value is a much more tax-efficient way to give to the church than a comparable size gift of cash. You can direct the proceeds of your gift to go to your local parish.
- Gifts of Property will earn a tax receipt for the full appraised value which may save you the capital gains tax which you would have to pay if you cashed it in yourself.