Year-End Giving - 2022 vs. 2023 Contribution

2022 Year-End Giving
Is it a 2022 Contribution or a 2023 Contribution?

The IRS has very strict rules on how we date contributions. The technical term is “when the donor relinquishes control of the asset.” This year we have a unique situation with January 1 falling on a Sunday. Donations received in the collection basket at the Saturday, December 31 Mass are considered 2022 contributions. One exception to that is you can postdate a check for January 1, 2023 and it will be treated as a 2023 contribution. All contributions in the Sunday, January 1 collection are 2023 donations. You cannot "pre-date” a check with a 2022 date and have it count as a 2022 contribution. Checks that are mailed are considered donated in the year on the postmark. So plan accordingly on making any year-end contributions to be sure they are mailed or given to us on or before December 31.

If you are planning to make a year-end contribution, and don't want to chance it, use the online giving portal here.

Stock donations are considered a donation in the year you turn over the stock to our broker. If you are interested in making a stock donation, contact Deacon Randy, [email protected] to get instructions on how to do that.