Tax Free Charitable Giving from IRA Assets
Individuals over age 73 are required to withdraw funds from their IRA account. These distributions are taxable and must be reported as income. Instead of simply withdrawing the funds, a qualified charitable distribution can be sent directly to a charity without paying an income tax. The amount is limited to $108,000 per year and also extends to individuals over the age of 70 ½ . During this upcoming holiday season if you need to withdraw money from your IRA by year end, please recognize St. Peter's Church as a chosen charity for tax-free distribution. Any amount will go to support the ministry at St. Peter's. Consult you tax advisor for this charitable transaction.
Please mail the check to the following:
St. Peter's in the Loop
110 W Madison St
Chicago, IL 60602
Attention Fr. Michael Fowler, OFM, Pastor
Archdiocese of Chicago Capital Campaign ~Generation to Generation
St. Peter’s has been scheduled to participate in the Archdiocese Capital Campaign in 2026. A portion of all contributions to St. Peter’s will also benefit the Archdiocese of Chicago. As a service church, and your personal spiritual oasis in the heart of downtown Chicago, we understand that many who visit St. Peter’s for daily Mass, on holy days, to receive the rite of reconciliation and for spiritual counseling, are parishioners at another Archdiocesan parish. If you are making a gift to the Archdiocesan Campaign, please consider designating a portion of your gift to benefit St. Peter’s Church in the Loop.
Stock/Mutual Fund Donation Update
Before making stock/mutual fund donations, please contact our Operations Director Piotr Wojtasik for proper account information. The account information has changed recently. Please mail: pwojtasik@archchicago.org or call:
312-372- 5111 ext. 1357
for proper account information before making stock/mutual fund donations. Thank you for your support!
MISSION APPEAL
Diocese of Tombura-Yambio in South Sudan
Please support the Diocese of Tombura-Yambio in South Sudan. Fr. John Ngbapia of the Diocese was unable to make the trip to St. Peter's the weekend of Aug. 9-10. The scheduled visit of Fr. John speaking about his Diocese is part of the annual Mission Cooperation Plan of the Archdiocese of Chicago. If you wish to make a contribution to the needs of the Diocese of Tombura-Yambio you may use one of the Mission Envelopes found in church or send the contribution to St. Peter's Church designating that your donation is for this Mission Appeal. We will forward the donation to the Mission Office who will be sure the donation is sent safely to the Diocese of Tombura-Yambio in South Sudan.
To learn more, please go to the website:
