Since 1857, the Society of St. Vincent de Paul, Archdiocese of Chicago, has been serving neighbors in need with dignity, respect, and compassion. Our Vincentian volunteers have devoted themselves to helping individuals and families throughout Cook and Lake counties to overcome challenges and find hope during difficult times.
Whether assisting with rent and utility payments, providing food and transportation, helping obtain medical supplies, or simply offering companionship and prayer to those who are homebound, we remain committed to answer Christ’s call to serve those most in need. Through the generosity of our supporters, we will continue this mission for generations to come.
We invite you to help us continue this important work through a planned gift or memorial donation. No matter how you choose to support the Society, your generosity makes a lasting difference. Whether your gift provides immediate support for today’s needs or creates a legacy that will benefit future generations, every contribution helps advance our mission and strengthens the communities we serve.
Thank you for considering a gift to the Society of St. Vincent de Paul, ADC. Together, we can continue bringing hope, compassion, and practical assistance to our neighbors in need.
The information below provides an overview of several ways you can give back to The Society of St. Vincent de Paul, ADC, including:
- Beneficiary Designations
- Gifts of Stock
- Donor Advised Funds (DAF)
- IRAs and Qualified Charitable Distributions (QCD)
- Charitable Gift Annuities (CGA)
With over 35 years of service at The Society of St. Vincent de Paul Chicaog, Elvia can send you additional information and guide you through the next steps for planned and memorial giving.
Elvia Rojas
Director of Conference Services
773-779-6700 x107
elvia@svdpchicago.org
The Society of St. Vincent de Paul, Archdiocese of Chicago, does not provide investment, tax, or legal advice. Please consult your personal advisor before making financial decisions based on this information. The information present here is for general information and educational purposes only.
Beneficiary Designations
Every adult should consider having a carefully prepared Will as part of a comprehensive estate plan. A valid Will is a legally binding document that must be created in accordance with the laws of your state. For this reason, the attorney who assists you with drafting your Will should be licensed in the state where you reside.
A bequest is generally a revocable gift, meaning you may change or modify it at any time during your lifetime. Bequests can be designated for either a general purpose or a specific use, providing peace of mind that your gift will support the causes and programs most meaningful to you.
Benefits
- Create a lasting legacy that reflects your values and commitment to helping neighbors in need;
- Maintain flexibility and control, as bequests are generally revocable and can be updated if your circumstances or intentions change;
- Support future generations by ensuring SVdP Chicago can continue providing compassionate assistance and hope to those facing hardship;
- Potentially reduce estate taxes and maximize the impact of your charitable giving, depending on your individual circumstances;
- Choose how your gift is used by designating it for a specific program, ministry, or our area of greatest need;
- Make a significate charitable gift without affecting your current income, savings, or lifestyle
Bequests
There are several ways to include a charitable gift in your Will or Trust to the Society of St. Vincent de Paul Chicago ADC. The following are two of the most common options that you may wish to discuss with your legal and financial advisors.
1. A Percentage Bequest:
“I hereby give [percentage] to The Society of St. Vincent de Paul, Archdiocese of Chicago, Federal Tax ID #36-3195567, a nonprofit organization located at 7010 W. 159th Street, Orland Park, IL 60462, for the organization’s general use and purpose.”
2. A Specific Dollar Amount Bequest
“I hereby give [dollar amount] to The Society of St. Vincent de Paul, Archdiocese of Chicago, Federal Tax ID #36-3195567, a nonprofit organization located at 7010 W. 159th Street, Orland Park, IL 60462, for the organization’s general use and purpose.”
Gifts of Stock
Charitable tax advantages often make giving stock more beneficial than giving cash. A gift of appreciated securities such as stocks, bonds, or mutual funds, are a meaningful way to help support our mission. Your generosity helps empower our 1500+ volunteers that are serving our Neighbors in Need throughout Cook and Lake counties, providing compassionate assistance to those who are experiencing poverty and hardship.
Stock Donations
There are several benefits to directly transferring stocks:
- You may be eligible for a charitable income tax deduction based on the full fair market value of the securities on the date of the gift;
- You may avoid paying capital gains tax on the appreciation of securities you have owned for more than one year;
- The Society of St. Vincent de Paul, ADC, receives the full value of your gift;
- Your gift can be designated to support a specific program or directed toward our area of greatest need
Notify Us
To help us properly acknowledge your generosity and provide a tax receipt, please contact Elvia Rojas and provide the following information:
- Name of the stock(s) and number of shares transferred;
- Date of the transaction;
- Gift designation (if applicable);
- Name of the financial advisor, broker, or institution facilitating the transfer
Important Information
To maximize the tax benefits of your gift, please transfer securities directly to The Society of St. Vincent de Paul, Archdiocese of Chicago, rather than selling them and donating the proceeds. The value of your stock gift is generally determined by the average market price of the stock on the date it is transferred to us.
Donor Advised Funds
A Donor Advised Fund (DAF) is a convenient way to support charitable causes. By contributing cash, securities, or other assets to a DAF, you may be eligible for an immediate tax deduction and can then recommend grants to qualified nonprofit organizations, including The Society of St. Vincent de Paul, Archdiocese of Chicago.
A DAF offers a flexible approach to charitable giving, allowing you to make contributions when it is most advantageous for your financial and tax planning, while recommending charitable grants over time.
Benefits
- You can receive a potential immediate tax deduction when you contribute to your DAF;
- Support the Society of St. Vincent de Paul, ADC, on a timeline that works best for you;
- Contribute a variety of assets including cash and appreciated securities;
- Simplify the management and recordkeeping of your charitable giving;
- Potentially grow charitable assets tax-free before commending grants to SVdP Chicago
Make a Lasting Impact
Simple, flexible, and tax-efficient, a Donor Advised Fund can help you maximize your charitable impact while supporting the mission of St. Vincent de Paul Chicago. Grants from your DAF help provide food, housing assistance, emergency aid, and compassionate support to neighbors in need throughout our community.
To recommend a grant, contact your Donor-Advised Fun administrator and designate The Society of St. Vincent de Paul, Archdiocese of Chicago, as the recipient of your gift.
How to Make a Gift to SVdP Chicago from Your Donor Advised Fund
Supporting the Society through your DAF is a simple and impactful way to help neighbors in need. Follow these three easy steps to recommend a grant from your DAF account, or contact Elvia for more information.
1. Recommend a grant to The Society of St. Vincent de Paul, Archdiocese of Chicago, to support our mission of offering hope, compassion, and assistance to individuals and families facing hardship.
2. Log onto your Donor Advised Fund account. There are over 1,000 DAF sponsors nationwide, and many provide an online platform that makes recommending grants quick and convenient.
3. Search for our organization using our EIN #36-3195567. Copy and paste the EIN number into the charity search field within your DAF account to ensure your grant is directed to the correct organization.
IRAs and QCDs
If you are 70 1/2 years of age or older, you may be eligible to make a Qualified Charitable Distribution (QCD) directly from your Individual Retirement Account (RA) to the Society fo St. Vincent de Paul, Archdiocese of Chicago. A QCD is a tax-efficient way to support our mission while potentially reducing your taxable income.
By making a QCD, you can direct up to $111,000 annually from your IRA to a charity without recognizing the distribution as taxable income. Even if you take the standard deduction and do not itemize on your federal tax return, a QCD can still provide significant tax advantages.
Benefits
There are several benefits of an IRA Qualified Charitable Distribution:
- You may avoid paying federal income tax on QCDs made directly from your IRA to SVdP Chicago;
- You can reduce your taxable income while making a meaningful charitable impact;
- You are satisfying all or a portion of your Required Minimum Distribution (RMD), if applicable;
- You are supporting our mission of serving individuals and families experiencing hardship and poverty
To Make a Qualifying Gift
To qualify, please keep the following requirements in mind:
- You must be at least 70 1/2 years of age at the time the gift is made;
- The distribution must be made directly from your traditional IRA by your IRA custodian or administrator to The Society of St. Vincent de Paul, Archdiocese of Chicago;
- Do not withdraw the funds yourself and then make a donation. Distributions received by you before being contributed to SVdP Chicago do not qualify as Qualified Charitable Distributions under IRS rules;
- Qualified distributions are generally excused from your taxable income. Because the distribution is not included as income, you are not eligible to claim a federal charitable income tax deduction for the gift. State tax treatment may vary, so please consult your tax advisor or financial professional regarding your specific situation
Make an Immediate Impact
You can make a QCD of up to $111,000 per individual or $222,000 per married couple annually (when each spouse qualifies and gives form their own IRA). Your gift will help provide hope, compassion, and practical assistance to neighbors in need throughout Cook and Lake Counties.
As with any charitable and tax planning strategy, we encourage you to consult with your financial advisor, tax professional, or IRA custodian to determine how a QCD may fit into your overall financial and philanthropic goals.
Charitable Gift Annuities
A Charitable Gift Annuity (CGA) is a meaningful way to support The Society of St. Vincent de Paul, Archdiocese of Chicago, while providing financial benefits for yourself or a loved one. In exchange for your charitable gift, you can receive fixed payments for life along with potential tax advantages.
This can be a great option for a donor seeking reliable lifetime income while making a significant philanthropic investment in the mission of the Society. We encourage you to consult your financial advisor, tax professional, or estate planning attorney to determine whether a CGA aligns with your financial and charitable goals.
Benefits
- You can receive guaranteed fixed payments for life for yourself, a spouse, or another beneficiary;
- Benefit from an immediate charitable income tax deduction, subject to IRS regulations;
- Potentially reduce or defer capital gains taxes when funding a CGA with appreciated securities;
- Enjoy predictable income that is not affected by fluctuations in the financial markets;
- Create a lasting charitable legacy that will support the work of the Society long into the future;
- Make a meaningful impact on individuals and families experiencing poverty and hardship
Requirements
- The minimum contribution is $20,000
- One or two people can receive payments if they are aged 55 or older
How Does It Work?
Step 1: Create Your Fund
When you donate an asset to fund a CGA, you will receive an immediate charitable income tax deduction based on the charitable portion of your gift. You will also potentially reduce capital gains taxes when funding your CGA with apprecaited assets such as stocks or other investments.
A Charitable Gift Annuity can be funded with a minimum gift of $20,000 using:
- Cash
- Publicly traded securities
- Real estate
- Closely held business interests
- Artwork and certain other appreciated assets
Once contributed, the gifted assets are typically sold and reinvested to help support your lifetime annuity payments.
Step 2: Receive Income Payments
Up to two (2) qualified individuals (you alone, you and your spouse, or any two qualified individuals) receive fixed income payments for life. The payment amount is determined based on the age of each individual.