As the end of 2017 approaches, here are a few things you should be aware of regarding your St. Francis Borgia charitable donations. These guidelines correspond to IRS regulations which stipulate that there is no donor “election” as to which calendar year the donation applies.
- Donations physically received at the parish office before 4:30 p.m. on Friday, Dec. 29 will be credited to your 2017 contributions.
- Donations received by US Mail after Friday, Dec. 29, but postmarked Dec. 31 or earlier, will also be credited to your 2017 contributions. The only exception to this would be if the check is dated for 2018.
- In the case of a stock transfer, the donation date is the date you (the donor) relinquish control of the stock, not the date that SFB (the organization) receives it.
If you are planning a donation that you wish to be credited for 2017, the sooner you can accomplish this, the less stress you’ll have in those last few days of the year.
Please note, the parish office will be closed Mondays, Dec. 25 and Jan. 1. Year-end contribution statements reflecting your 2017 donations will be sent no later than Jan. 31, 2018. Should you have any questions about your SFB donations, please contact the parish office at 262-377-1070.