O'Albert's - Saint Albert the Great Parish
O'Albert's - Saint Albert the Great Parish
O'Albert's - Saint Albert the Great Parish
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Tax Information<br />
St. <strong>Albert</strong> <strong>the</strong> <strong>Great</strong> Church is a tax-exempt, charitable<br />
organization as described in Section 501(c)(3) of <strong>the</strong><br />
Internal Revenue code. Direct donations to St. <strong>Albert</strong>’s<br />
qualify as a charitable contribution and are deductible<br />
for income tax purposes as provided by law. The St.<br />
Patrick’s Day Reverse Raffle and Silent Auction guests<br />
and donors are encouraged to seek <strong>the</strong> advice of <strong>the</strong>ir<br />
tax advisors or call your congressman at 1-800-SPENDIT,<br />
relative to any benefit resulting from <strong>the</strong>ir participation<br />
in this event.<br />
Successful bidders of auction items are encouraged to<br />
seek professional advice relative to <strong>the</strong> deductibility of<br />
any portion of <strong>the</strong> price paid for auction items. If <strong>the</strong><br />
item purchased consists solely of intangible religious<br />
benefits that are regarded for tax purposes to have no<br />
fair market value, <strong>the</strong> full purchase price of such an item<br />
should be regarded as a qualified charitable deduction.<br />
All cash gifts to St. <strong>Albert</strong>’s qualify as a full charitable<br />
contribution so long as <strong>the</strong> donor received no direct benefit<br />
in return. Gifts of tangible items may also qualify as a<br />
charitable contribution, although certain restrictions may<br />
apply to non-cash gifts. St. <strong>Albert</strong>’s provides a written<br />
acknowledgment as substantiation for all cash and noncash<br />
items donated.