Year-end information regarding charitable donations

As the end of 2020 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 Thursday, Dec. 31, 2020 will be credited to your 2020 contributions.
  • All donations received by US Mail after Thursday, Dec. 31, but postmarked Dec. 31 or earlier, will also be credited to your 2020 contributions. The ONLY exception to this would be if the check is dated for 2021.
  • In the case of stock transfers, the donation date is the date you (the donor) relinquish control of the stock, not the date that St. Francis Borgia (the organization) receives it. If you are planning a donation that you wish to be credited for 2020, 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 open normal hours on Thursday, Dec. 31 and closed Friday, Jan. 1.

Year-end contribution statements reflecting your 2020 donations will be sent no later than Jan. 31, 2021. Should you have any questions about your donations, e-mail the parish accountant or call the office (262-377-1070).