Ways to Give
This week, many Campaign volunteers participated in the Visitation Training to prepare them for inviting the support of their fellow parishioners. While parishioners are most interested in the impact of their sacrificial gift, they are also curious about the methods to fulfill commitments and the possible payment schedules. Here are some quick notes, so you can be best prepared to receive a pledge as a Campaign Ambassador:
Pledges are payable over five years. Payments can be made by check, credit card, automatic withdrawal (ACH), gifts of stock, or IRA distributions. Pledges can be paid monthly, quarterly, semi-annually, or annually.
Parishioners fulfilling commitments by check will receive a reminder statement and a pre-addressed envelope, according to the schedule they select. For example, if Jane Doe decides to pay monthly by check, she will receive a Called to Renew-specific envelope every month to use for her pledge payment. Each envelope has a unique bar code that coincides with a donor's account, so it is important to use these to maintain the most accurate records.
Credit or Debit Card
If John Smith would like to pay via credit or debit card, he should complete his card information on the Electronic Payment section of the pledge card. Many credit card companies offer reward programs for cardholders; therefore, fulfilling your Called to Renew commitment via credit card may also earn you points or cash back!
Automatic Withdrawal (ACH)
ACH may be the easiest way to fulfill one's pledged commitment, and many Catholic families are already enrolled in this program. Through ACH, funds will be automatically debited from the account beginning the month after authorization. Donors may write their bank information on the Electronic Payment section of the pledge card or attach a voided check.
Stock Transfers and IRA Distributions
Gifts of stock to Called to Renew may be a source of tax benefits to the donor by eliminating capital gains taxes. Similarly, fulfilling a pledge through a direct IRA distribution will have significant tax benefits. Both of these methods of fulfillment can be addressed through an additional worksheet that your Parish Campaign Director can provide you.
Please also remember that a pledge is a good faith promise and that changes can be made at any time. Contact the Called to Renew Campaign Office at the Archdiocese of Los Angeles at 213-637-7555 if you have any questions about making adjustments to your commitment.