SAINTS PETER & PAUL CATHOLIC SCHOOL


WISH
SAINTS PETER & PAUL CATHOLIC SCHOOL
A MERRY CHRISTMAS
WHILE SAVING ON TAXES

This fall we have been focusing on stewardship and examining our lives to make sure we are wisely using the gifts, talents, and abilities which our Creator has blessed us with.  Matthew's Gospel last Sunday recounted the Parable of the Talents and clearly illustrated that our Lord wants us to use our blessings to benefit the Church, and its members, if we someday want to hear him greet us by saying "Well done, good and faithful servant."
 
Beginning with Thanksgiving and running through Christmas, we are in a wonderful time of the year when our focus is on family, our blessings, and a desire to make those we love happy.  However, in early January before we even take our tree and outdoor lights down, our mailbox will soon provide us with clear and constant reminders that tax season is upon us and Uncle Sam is beckoning for his fair share.
 
So much for warm fuzzy feelings.
 
What if you could have the best of both worlds?  Share your gifts with those institutions and ministries which are important to you and also save on taxes.
 
Now you can and here are two ways to do so.
 
       
   IRA Charitable Rollover
 
First, you can take advantage of the opportunity to make a difference with a tax-free gift from your IRA to Saints Peter and Paul Catholic School by December 31.  If you're 70 ½ years or older, you can contribute up to $100,000 directly from your IRA to Saints Peter and Paul Catholic School without including the amount in gross income.
 
                  Appreciated Stocks

A second option for making a big impact is by donating appreciated stocks.  If you have held stocks for more than one year that have increased in value, you'll avoid capital gains taxes by gifting all, or a portion, of the stock to Saints Peter and Paul Catholic School.
 
Should you be seriously considering a gift of stock, please contact your tax professional regarding the tax s avings prior to contacting Saints  Peter and Paul Catholic School for transfer
 instructions.  This gift, too, must be completed by December 31. 

    Volume 5, No. 10     
November 21, 2017

 
ANNUAL REPORT

The 2016-17 Annual Report was emailed recently.  If you didn't receive yours,  or want to review the document,
please click this link. 
 
 

 
 WHAT'S NEW
 
We are anxious to find out what's new in your life and share it with your fellow alums in an upcoming edition of the e'Blue and Gold.  While it may not seem like much to you, it sure is news to us.
 
Please take some time to share the type of information you see in the adjoining article and we'll be proud to share your successes.
 
Send your news to:
fglowaty@sspeterandpaul 
school.com
    
     
SSPP Trivia
When our school was founded in 1853......
 
......students never had two days off in late November because it wasn't until 1863 that President Lincoln, after a 36 year campaign led by Sarah Josepha Hale (author of the nursery rhyme "Mary Had a Little Lamb"), established Thanksgiving as a national holiday.