Considering making plans to make an alternative monetary gift to Magdalena House? Here's a bit of information on options. Please contact Denise Barker, Executive Director (firstname.lastname@example.org) or Mary Sanders, Development Director (email@example.com) by phone (210-561-0505) or email to discuss these options and to help us properly receive and identify your gift. Please see bottom of this page for our legal name, Federal Tax ID Number and address. Please also be sure to seek the advice of your financial or legal advisor.
IRA Charitable Rollover Contributions
Congress has made the provision for IRA charitable rollover gifts permanent, which allows individuals age 70 1/2 or older to make tax-free gifts totaling up to $100,000 from a traditional IRA account directly to a nonprofit. Making an IRA charitable rollover gift is an advantageous way to support Magdalena House while satisfying your minimum required distribution and excluding the distribution from your gross income — a benefit regardless of whether you itemize deductions. Contact your IRA plan administrator to make a gift from your IRA to us. Your IRA funds will be directly transferred to Magdalena House.
Gifts of Stock/Securities
If you contribute long-term appreciated securities directly rather than selling them and donating the proceeds of the sale:
- You may be able to claim the full market value of donated shares as a charitable deduction on your income tax.
- You may be able to avoid paying capital gains tax on the increase in the value of your shares given to Magdalena House.
Please consult your tax professional for more information.
To contribute securities directly to Magdalena House, please notify us of your intentions to transfer stock and follow the directions below.
Donor Advised Fund Gifts
If you have a Donor Advised Fund, you can ask your fund to make a grant (distribution) directly to Magdalena House. A donor-advised fund is like a charitable investment account. It can allow you to realize immediate tax advantages and then support charitable organizations you care about through that account over time.
Consider including a gift to Magdalena House in your will. In doing so, you help to ensure our mission will continue into the future!
Employer Matching Funds
Many employers match their employee's charitable gifts and some companies match gifts made by retirees and spouses. You may be able to double or even triple the amount of a contribution by taking advantage of a company's matching gift benefit! To find out if your company has a matching gift policy, please contact your company's Human Resources office. Some companies with local San Antonio employees that match gifts to Magdalena House include Aetna, Alexion, Exxon Mobil, Medtronic, Traveler's, USAA and Wells Fargo.
Do you have an idea for a gift that is not listed above? Please feel free to reach out to us to discuss further!
Magdalena Ministries, Inc., DBA Magdalena House is a registered 501 (c)(3).
Legal Name: Magdalena Ministries, Inc.
Address: P.O. Box 692041, San Antonio, TX 78269
Federal Tax ID Number (EIN): 80-0251526
Please note: Per the Internal Revenue Code, to qualify for tax-free treatment, you may not receive any goods or services (for example, gala tables or tickets) in return for your gift.