St. Vincent Home for Children

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Approximately 50% of the cost of providing care and services for our children is reimbursed by the State of Missouri. The balance comes from the generosity of our friends and alumni, corporate and foundation grants and United Way.

Please consider St. Vincent Home for Children when you are planning a charitable donation. Gifts of cash, stock, life income gifts and bequests ensure that our children will always have that helping hand that will lead to a positive change for them and future generations.

Investments can be mailed to: St. Vincent Home for Children, 7401 Florissant Road, St. Louis, MO 63121. Or, to make a contribution on line, click here.

Youth Opportunity Program Tax Credits top

St. Vincent Home for Children is pleased to announce the receipt of $235,147 in tax credits through the Missouri Department of Economic Development’s Youth Opportunity Program. Under this program, credits will be available for $470,294 in donations over the next two years. Credits are available for individuals, businesses, and corporations who have a Missouri income tax liability. Our new YOP project focuses on reducing aggression and increasing school performance for students served by St. Vincent School and also supports an essential building modification to improve safety and support our programs. With these contributions, we will continue to help our children with severe emotional, social and behavioral disorders heal and achieve a more positive future.

These YOP tax credits are being offered to donors who contribute $250 or more through gifts of cash, stock or by credit card. In many instances, a gift of appreciated stock can achieve higher tax savings and create the opportunity for donors to provide even more support for the important services we provide our children. Please consult with your financial advisor regarding your specific situation.

Through the Youth Opportunities Program, individuals, businesses and corporations with taxable income in Missouri can, in addition to all other federal and state charitable deductions, receive a lump sum tax credit of 50% of their donation directly off their tax bill. These tax credits can be carried forward for five years. Depending on the donor’s tax bracket, this can mean in some cases recapturing 65-75% of the donated amount through tax reductions.

YOP TAX CREDIT EXAMPLE

Individual Cash gift of $10,000 (from taxpayer in the 35% tax bracket)
Cash Gift = ($ 10,000)
Federal Deduction = $ 3,500
Missouri Tax Deduction = $ 600
YOP Tax Credit (50% of gift) = $ 5,000
*Additional federal taxes due to = ($ 1,750)
reduction of deductible state taxes
(Represents 35% of the $5,000 YOP credit)
Total estimated tax savings = $ 7,350
Out of Pocket cost for $10,000 gift = $ 2,650

*Represents 35% of the $5,000 YOP tax credit. Your deduction for state taxes on your federal return is reduced by $5,000 because your state tax liability is being reduced by $5,000. As with any charitable giving, please consult your accountant or tax advisor to determine your eligible tax savings.

How the YOP Tax Credit Application Works

Upon receipt of a contribution to St. Vincent Home for Children of $250 or more with a request for YOP tax credits, we will forward the donor a two page Missouri DED Application for claiming the tax credits. The application must be signed by the donor in the presence of a Notary Public and a copy of the front and back of the check must be attached. Additional information can be provided if the gift is by credit card or stock.
Upon receipt of the completed application, St. Vincent Home for Children will forward the application to the Missouri Department of Economic Development. DED will issue a certification within two – four weeks.
The donor may use the deduction when filing their tax return by attaching the documentation received from St. Vincent Home for Children and the Department of Economic Development.

We appreciate the incredible support that the community provides to St. Vincent Home for Children and we are grateful to the Missouri Department of Economic Development for this opportunity to give back to our generous donors as we fulfill our mission and help our children realize a more promising future.

If you have any questions or need additional information, please contact Cristina Garcia at 314.261.6011 x124 or cgarcia@saintvincenthome.org or John Merker at 314.261.6011 x147 or jmerker@saintvincenthome.org

Gifts of cash to St. Vincent Home for Children are fully tax deductible up to a maximum of 50% of your adjusted gross income. You may make a contribution on-line or forward your donation to St. Vincent Home for Children – 7401 Florissant Road – St. Louis, MO 63121. Many companies provide matching gifts for charitable contributions. If your company has a matching gift program, please enclose the matching gift form with your check.

Investments can be mailed to: St. Vincent Home for Children, 7401 Florissant Road, St. Louis, MO 63121. Or, to make a contribution on line, click here.

Gifts of stock can often yield a higher rate of tax relief than gifts of cash. This is because a gift of appreciated stock can offer two ways to save taxes:

You will not be required to pay capital gains tax on the increase in the value of any stock donate.
You will receive an income tax deduction for your charitable contribution for the full market value of the stock donated.
Note that in order to receive the full tax advantage of gifts of stock, you must have held the stock for a “long term” (usually for at least a year and a day).

Please consult your financial advisor regarding gifts of stock. If you determine that a gift of stock would be your preferred way to invest in the lives of the children at St. Vincent’s, please contact Lee Ann Taylor at 314-261-6011, ext. 139 or email: lataylor@saintvincenthome.org.

Many of our friends have joined St. Vincent Home for Children’s Heritage Society. By including St. Vincent Home for Children in their will, they have helped to ensure that we will continue to be able to care for the children who need us now and into the future. We are truly grateful for their generosity!

If you would like to know more about the Heritage Society and/or how to include St. Vincent Home for Children in your will or if you’ve already named St. Vincent’s in your will, please contact Lee Ann Taylor at 314-261-6011, ext. 139 or email: lataylor@saintvincenthome.org.

For some, a life income gift is a good way to invest in the lives of the children at St. Vincent’s. One type of life income gift can be accomplished through the establishment of a charitable remainder trust. This investment would involve the transfer of cash or stock to St. Vincent Home for Children that would provide an annual return to you. The income on this gift would be paid to you and/or a beneficiary for life, after which the assets would be distributed to us. This arrangement would allow you to increase your income and make a meaningful – and tax deductible contribution to St. Vincent Home for Children at the same time.

Please consult your financial advisor to determine if this type of contribution would be appropriate for you.

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