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With rising costs of everyday living essentials, we need to budget our personal finances more than ever. Many monthly bills like gas, water, and electricity can be made monthly using an automatic payment processing system. Automatic withdrawals ensure that your bills are being made on time. The same can be done for a donation. Our easy-to-use online payment management system allows you to create a recurring gift to a Catholic cause of your choice.
Learn the five reasons why donating a small amount over time through a recurring gift can benefit you, the Catholic Foundation for the Diocese of El Paso, and our Catholic community.
Here are five reasons why donating a small amount over time through a recurring gift can benefit you, the Catholic Foundation for the Diocese of El Paso, and our Catholic community.
1. Ongoing Impact
• Reliability: Your recurring donation is a reliable resource that makes a lasting impact on the Catholic entity it is funding.
• Predicting Impact: By knowing a donation is recurring, we can predict how the funds will be used and when.
2. Convenience
• Set it and Forget It: With a recurring donation, you only need to set it up once, and the donation can be withdrawn from your account on a schedule that is comfortable for you.
• Flexibility: If your monthly budget needs to be adjusted, your donation can be adjusted at any time.
3. Greater Financial Efficiency
• Smaller Contributions Add Up: If you can donate $167 a month over 5 years, you can establish an endowment fund of your choice and become a member of the Bishop’s Legacy Circle.
• Large Impact Over Time: These smaller gifts can have a huge impact over time. It is easier to donate $1,000 a year at $20 a week.
4. Tax Benefits
• Predictable Deduction: Recurring donations can be easier to track come tax season, allowing you to receive accurate receipts and potentially maximize your tax deductions.
• Automatic Receipting: The Catholic Foundation works on efficient receipting to ensure that your gift is recorded and recognized in an automated process.
5. Be in the Know
• Constant Communication: The Catholic Foundation will keep you engaged to let you know when and how your gift is being used.
• Collective Impact: When many people contribute on a recurring basis, the combined efforts can drive significant change and help us achieve our goals of funding Catholic initiatives at the Diocese of El Paso.
Consider this easy way to give to a Catholic initiative of your choice; you can view the different endowments here to make an online recurring gift or contact Analisa Cordova Silverstein, Major Gifts Officer, at 915-872-8412 to make a recurring gift by phone.