As the end of 2019 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.
- Any donations physically received at the parish office before noon on Tuesday, Dec. 31, 2019 will be credited to your 2019 contributions.
- All donations received by US Mail after Tuesday, Dec. 31, but postmarked Dec. 31 or earlier, will also be credited to your 2019 contributions. The ONLY exception to this would be if the check is dated for 2020.
- In the case of stock transfers, the donation date is the date that you (donor) relinquish control of the stock, not the date that St. Francis (organization) receives it.
If you are planning a donation that you wish to be credited for 2019, the sooner you can accomplish this, the less stress you’ll have those last few days of the year. Please note, the parish office will be closing at noon on Tuesday, Dec. 24 and will be closed Wednesday, Dec. 25; Thursday, Dec. 26 and Wednesday, Jan. 1.
Year-end contribution statements reflecting your 2019 donation will be sent no later than Jan. 31, 2020. Should you have any questions about your donations, please contact Jennifer Justman, parish accountant, at the parish office at 262-377-1070, ext. 337.