Giving to St. Thomas
At St. Thomas, we want to make giving to our parish easy. That's why we're offering multiple ways to make a donation.
When you register at St. Thomas, you have the option of having offertory envelopes mailed directly to your home address. If you want to change the option selected, you can contact the parish office to update this at any time.
remains the preferred, easy, safe, and secure way to give to our parish. Online Giving
It meets the highest banking-level security standards set forth by the Payment Card Industry (PCI) to ensure safe and confidential transactions. Your banking information is encrypted in the system and is not accessible to any users or administrators of the Online Giving system.
Online Giving makes it easy to give. You never have to bring cash or checks to church. You can make a one-time donation or you can register to make recurring donations from your checking account or your credit card. Click here to go to our Online Giving page.
We want you to have the best possible experience and that means donating and paying your way! Now, in addition to cash and check, you can now choose the card you want to use — our parish office gladly accepts American Express®, MasterCard®, Visa®, and Diners® credit and debit cards for anything from Mass intentions to offertory donations.
Is your will a Christian will?
Remembering St. Thomas the Apostle Church in your will says something about what was meaningful in your life. To remember St. Thomas in your will, please ask your attorney to use the following terminology:
"I give, devise, and bequeath (dollar amount, stocks, etc.) to Gregory L. Parkes, as Bishop of the Diocese of St. Petersburg, and his Successors in Office, for the sole use of St. Thomas the Apostle Church, 7040 S. Suncoast Blvd, Homosassa, FL 34446."
Note that 100% of all monies contributed to St. Thomas the Apostle Church via bequests stay with the parish and are never assessed by the Diocese of St. Petersburg.
Qualified Charitable Distributions (QCDs)
When planning your IRA withdrawal strategy, you may want to consider making charitable donations through a QCD. You can download this form to assist you in making a QCD to St. Thomas the Apostle Church.
What is it?
A QCD is a direct transfer of funds from your IRA custodian, payable to a qualified charity. QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met.
In addition to the benefits of giving to charity, a QCD excludes the amount donated from taxable income, which is unlike regular withdrawals from an IRA. Keeping your taxable income lower may reduce the impact to certain tax credits and deductions, including Social Security and Medicare.
Also, QCDs don't require that you itemize, which due to the recent tax law changes, means you may decide to take advantage of the higher standard deduction, but still use a QCD for charitable giving.
Can I make a QCD?
While many IRAs are eligible for QCDs—Traditional, Rollover, Inherited, SEP (inactive plans only), and SIMPLE (inactive plans only)* —there are requirements:
You must be 70½ or older to be eligible to make a QCD.
QCDs are limited to the amount that would otherwise be taxed as ordinary income. This excludes non-deductible contributions.
The maximum annual amount that can qualify for a QCD is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. (If, however, you file taxes jointly, your spouse can also make a QCD from his or her own IRA within the same tax year for up to $100,000.)
For a QCD to count towards your current year's RMD, the funds must come out of your IRA by your RMD deadline, generally December 31.
Contributing to an IRA may result in a reduction of the QCD amount you can deduct. (The aggregate amount of deductible IRA contributions you make to your IRA after you turn 70 1/2 will reduce the amount of the QCD that is not includible in your gross income.)
Any amount donated above your RMD does not count toward satisfying a future year's RMD.
Funds distributed directly to you, the IRA owner, and which you then give to charity do not qualify as a QCD.
Under certain circumstances, a QCD may be made from a Roth IRA. Roth IRAs are not subject to RMDs during your lifetime, and distributions are generally tax-free. Consult a tax advisor to determine if making a QCD from a Roth is appropriate for your situation.
What kind of charities qualify?
The charity must be a 501(c)(3) organization, eligible to receive tax-deductible contributions. Churches that meet the requirement of Section 501(c)(3) of the IRS Code are automatically considered tax exempt and are not required to apply for and obtain recognition of exempt status from the IRS.
Some charities do not qualify for QCDs:
Supporting organizations: i.e., charities carrying out exempt purposes by supporting other exempt organizations, usually other public charities
Donor-advised funds, which public charities manage on behalf of organizations, families, or individuals
A QCD is reported as a normal distribution on IRS Form 1099-R for any non-Inherited IRAs. For Inherited IRAs or Inherited Roth IRAs, the QCD will be reported as a death distribution. Itemization is not required to make a QCD. While the QCD amount is not taxed, you may not then claim the distribution as a charitable tax deduction.
When making a QCD, you must receive the same type of acknowledgement of the donation that you would need to claim a deduction for a charitable contribution.
A tax advisor can help you determine if both your IRA and charity qualify for QCDs.