09.03.2023 Views

The Herald - Fall 2021

  • No tags were found...

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

4<br />

Introducing<br />

Our New Addition to Our<br />

Philanthropy Team!<br />

We are delighted to introduce you to our<br />

newest Philanthropic Advisor, Adrienne Walsh.<br />

Embodying what’s at the heart of Mercy<br />

Home—a generous spirit and a desire to help<br />

others—Adrienne brings a special perspective<br />

to our team. Years ago, she worked as Father<br />

Scott’s assistant, gaining valuable insight into his<br />

work with Mercy Home’s young people and, of<br />

course, good friends like you.<br />

Following a cross-country move, when Adrienne returned to<br />

Chicago with her husband and two young children, our Mercy<br />

Home family was waiting with open arms. Below, she opens up<br />

about her love of our mission and what she’s most looking forward<br />

to in her new role.<br />

Her Path to Mercy Home<br />

“During the beginning of my professional career, I tutored [a little<br />

boy named Calvin] at Mercy Home after work. It was that one<br />

evening a week that brought more joy to my professional life than<br />

any job I have ever had. Inspired by this feeling, I built my career<br />

around helping children. Particularly, I have dedicated the last<br />

eight years to helping raise the funds necessary to support hurting<br />

children reach a brighter future.<br />

On Working With Father Scott<br />

“I was always in awe of how Father Scott truly has a connection<br />

with our donors. Every day, he takes time to read his mail and<br />

thoughtfully respond. He takes prayer requests especially seriously<br />

and prays for all the benefactors of the Home. I often wonder how<br />

he can juggle all his responsibilities, but I believe God is guiding his<br />

path. Father Scott is an instrument of peace to all he encounters,<br />

most especially our children.<br />

Coming Home<br />

“Coming back to Mercy Home felt like coming back to family.<br />

Mercy Home cares deeply about its children and its coworkers.<br />

Our staff continually goes above and beyond to provide for our<br />

kids and give them all the resources they need to heal from their<br />

painful pasts. Being around this generosity of spirit is truly inspiring<br />

and keeps me motivated to do the best I can for the young people<br />

entrusted to our care.”<br />

Louise Borosak<br />

Philanthropic Advisor<br />

Beth Lye<br />

Philanthropic Advisor<br />

Phillip Zielinski<br />

Director of Philanthropy<br />

Mercy Home’s Philanthropy<br />

team can help you to change a<br />

child’s life while continuing to<br />

care for the needs of yourself<br />

and your family. <strong>The</strong>ir areas of<br />

expertise include:<br />

• Working with families to<br />

identify and achieve financial<br />

and giving goals.<br />

• Taking a personal and holistic<br />

approach, understanding<br />

that your plan is uniquely<br />

yours.<br />

• Reducing your tax burden<br />

through charitable giving.<br />

• Maximizing your impact on<br />

the people and charities<br />

closest to your heart.<br />

While we are commonly known<br />

as Mercy Home for Boys & Girls,<br />

our legal name is Mission of<br />

Our Lady of Mercy, Inc. and our<br />

Tax ID Number is 36-2171726.<br />

Do not hesitate to contact us at 1-800-378-8266<br />

or plannedgift@mercyhome.org with specific<br />

questions, or simply to start a conversation.<br />

For more information visit us at<br />

MercyHome.GiftLegacy.com<br />

In This Issue<br />

Letter From Father Scott........................ 1<br />

Gifts of stock can increase your<br />

impact and save you money................... 2<br />

“Your Love Changed My Life”............... 3<br />

Introducing Our New Addition to<br />

Our Philanthropy Team.......................... 4<br />

Every autumn as the leaves change their colors, I am<br />

reminded of the invitation this new season brings. In these<br />

months, the Lord calls us to follow the example of His<br />

natural world and—like the trees releasing their leaves—<br />

let go of that which no longer serves us.<br />

And what a year to practice letting go! With so many<br />

across the globe rocked by anxieties, fear, resentment, and<br />

division, the world seems ripe for exercising our release<br />

valves. Instead of holding onto all the things that disconnect us from one another,<br />

we can instead shift our focus to one of gratitude.<br />

That’s something we can all do a little more of—counting our blessings for<br />

what He has given us, from our daily comforts to the fellowship we share with<br />

one another.<br />

In this issue of <strong>The</strong> <strong>Herald</strong>, our Philanthropy team reflects on the many blessings<br />

bestowed upon our Mercy Home family. From a bright young woman who used<br />

the gifts she found in our residential care to chase her dreams for a better future,<br />

to a former co-worker returning Home to support our boys and girls, these pages<br />

are dedicated to stories of remarkable blessings.<br />

Of course, among these godsends are good and generous friends like you.<br />

Through your loyal support, our young people find hope, healing, and the<br />

opportunity to reach for brighter tomorrows. Truly your friendship brings miracles<br />

to our door. That’s why I’m eager for you to turn the page and read about a<br />

method of giving that would benefit Mercy Home’s kids and help lower your<br />

tax bill.<br />

As we inch further into this new season, my prayer for all of us is simple: May we<br />

learn to leave our struggles behind us and instead, look forward with gratitude<br />

and awe.<br />

Blessings,<br />

FALL <strong>2021</strong><br />

A New Chapter<br />

“In this new role, I’m looking forward to connecting with all our<br />

amazing donors! <strong>The</strong> people who fuel our mission have such big<br />

hearts. I love talking with them and learning what inspires them to<br />

give so generously to our kids. I also look forward to helping our<br />

donors determine what they want to achieve with their giving. It will<br />

be my pleasure to help others make the greatest impact on the lives<br />

of our kids at Mercy Home, while also saving them time and money.”<br />

1140 W. Jackson Blvd.<br />

Chicago, IL 60607<br />

1.800.378.8266<br />

This publication is prepared exclusively for the information of our<br />

friends and donors. Its purpose is to point out current tax<br />

developments which may be helpful in your tax and financial<br />

planning. This material is based on recent court decisions and<br />

current laws and regulations. You should, of course, consult your<br />

own legal, tax or financial planner as to the applicability of any<br />

item to your own situation.<br />

Fr. Scott Donahue


2 3<br />

Gifts of stock can<br />

increase your impact<br />

and save you money<br />

If you’ve been paying attention these past few years, you<br />

know the stock market has continually broken records<br />

and reached historic highs. At the same time, the market<br />

has welcomed a new generation of investors, entirely new<br />

industries, and even new asset classes to the mix (think of<br />

Bitcoin and other cryptocurrencies). All of this is terrific news<br />

if you have a brokerage account, because you have more<br />

investment options than ever before—and you’ve probably<br />

seen some excellent profits in the past 5, 10, or 20 years.<br />

But your gains in the market may also have a downside: you<br />

will face a hefty tax bill when it’s time to sell.<br />

Luckily, we have more good news for you: by donating your<br />

appreciated securities to a charity like Mercy Home (instead<br />

of selling them outright), you can avoid capital gains tax<br />

completely, and receive a charitable tax deduction as well.<br />

This strategy is a winner because it allows you to save<br />

taxes twice on a single gift. First, you avoid capital<br />

gains tax on donated securities. Second, you can claim a<br />

charitable deduction for the full fair-market value of the<br />

gift when it’s time to file your taxes.<br />

Plus, your gift will go even further toward the causes you<br />

care about most. Because nonprofits like Mercy Home are<br />

tax-exempt, we are able to use 100% of your donation to<br />

build a brighter future for children in need. Take a look at<br />

the chart below to see how this kind of gift can help you<br />

and the young people served by Mercy Home.<br />

Fair Market Value of Stock<br />

Long-term Capital<br />

Gains Tax paid<br />

Amount Donated to<br />

Mercy Home<br />

Income Tax Savings<br />

(0.32 x donation amount)<br />

Donating appreciated securities<br />

allows your gift to go further,<br />

and lowers your tax bill<br />

Below is an example to help you decide if donating<br />

appreciated investments is a good option for you. Let’s<br />

assume that you’re married and filing jointly, are in the 32%<br />

tax bracket, and want to donate $10,000 worth of stock.<br />

In this example, a donation of stock allows you to avoid<br />

paying capital gains tax, while also receiving a larger<br />

itemized deduction.<br />

As you can see, making a charitable gift of stocks, bonds,<br />

ETFs, or mutual funds (rather than cash) could increase the<br />

value of your donation, grant you a larger tax deduction,<br />

and ultimately save you money.<br />

While many veteran investors know and understand the<br />

value of a stock donation, many more are new to the<br />

market (or are just getting ready to sell after holding for<br />

many years). In fact, donating stock instead of cash is a<br />

smart tax-planning strategy for just about any type of<br />

investor. Whether you’re holding highly appreciated stock<br />

from many years ago, shares from a recent IPO that has<br />

skyrocketed in the past year or two, or stock options offered<br />

from your company, donating securities to charity can be a<br />

“win-win” for all involved.<br />

To learn more about how this donation strategy<br />

can help you, please contact us at 1-800-378-7200 or<br />

plannedgift@mercyhome.org. Or visit our website<br />

for more helpful information and tools at www.<br />

mercyhome.org/plannedgiving.<br />

Sell stock and donate net<br />

proceeds to Mercy Home<br />

$10,000<br />

(100 shares x $100 per share)<br />

Donate stock directly<br />

to Mercy Home<br />

$10,000<br />

(100 shares x $100 per share)<br />

$1,425 $0<br />

$8,575 $10,000<br />

$2,744 $3,200<br />

Finding Her Way<br />

“I moved here originally from Ghana to reunite with my family, but that did not<br />

go as planned. I was in high school and my counselor suggested Mercy Home<br />

because I needed a place to stay. I came to Mercy Home to find a safe place to<br />

live, but I got much more than that. Mercy Home helped me get scholarships to<br />

school, work experience, and internships. <strong>The</strong>y helped me build my resume for<br />

my new period I’m embarking on.<br />

I actually started my college career in nursing. But then I spoke to [Mercy Home<br />

staff member] Cheryl Murphy and she inspired me. From her, I figured out that<br />

accounting would be the route for me and so far, I have no regrets at all.”<br />

Where She is Today<br />

“I graduated from Loyola last year with a degree in finance and<br />

accounting. I work at Mercy Beaucoup [Mercy Home’s retail storefront]<br />

part-time and in the accounting department at an architectural firm as<br />

well. I also decided to take one class toward my real estate license to<br />

see if that might be something I’m interested in.<br />

I actually love working in finance and accounting. It has helped me<br />

budget and save and be more disciplined with money. I also really enjoy<br />

working at Mercy Beaucoup. <strong>The</strong> daily interactions with customers and<br />

the chance to help Mercy Home are the things I most look forward to.<br />

<strong>The</strong>re are so many familiar faces; people come back over and over again,<br />

so it’s kind of like a family we’ve got there.”<br />

Where She’s Headed<br />

“I am in a really good place, and I really love the architectural firm. In<br />

five years, I’d like to be challenged more and be in a more competitive<br />

environment. I want to see my career in finance really skyrocket, too.<br />

Mercy Home built me up so much, and I feel more than ready for the<br />

real world.”<br />

Changed<br />

“YOUR LOVE<br />

My Life”<br />

A former resident of Mercy Home, Jessica is not shy about how our Mercy Home family<br />

helped shape her life. While she originally came to our door seeking a roof over her head,<br />

she found so much more, thanks to the generosity of good people like you. Through your<br />

support, this remarkable young woman set out on a path toward a successful and self-reliant<br />

future. Below, she shares how she followed her dreams after leaving our residential care.<br />

“ <strong>The</strong>re’s so much good stuff<br />

ahead for me.<br />

I ’m not going anywhere but up.”<br />

Assumes a cost basis of $500, and that all realized gains are subject to a 15% long-term capital gains tax rate.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!