Financial Stewardship

As parishioners, we support The Cathedral of St. Thomas More and its vibrant Parish Community by regularly contributing to:

• Weekly Collections
• Second Collections such as for our Maintenance Fund and Parish Charities
• STM School and Religious Education Investment
• Special Project Donations

 We also support the Universal Church through support of such as:

• Peter’s Pence
• Holy Land/Good Friday Collection
• Eastern Europe
• Catholic Relief Services

 We support the Diocese of Arlington by our Parish commitment to:

• The Bishop’s Lenten Appeal
• Retired Priests of the Diocese Collection
• Catholic Charities of Arlington

To make regular giving easier, The Cathedral of St. Thomas More partners with Faith Direct   to collect electronic contributions.  When enrolling, please use our parish code “VA326” We encourage our benefactors to utilize this safe and secure stewardship method. Enrolling in Faith Direct saves processing time and trees as it is environmentally friendly. It also aids in our budgetary planning as it provides consistent revenue. Now your stewardship can continue regardless of weather, illness, or travel. Please consider using Faith Direct.

“How can I repay the Lord for all the good he has done for me?” Psalm 112:12

• Go online to donate/enroll in Faith Direct
• Use your Offertory envelopes and drop in the baskets at Mass or at the Rectory Office.
• Make a Qualified Distribution from your IRA. Click HERE for a QCD form.
  A QCD is a direct transfer of funds from your IRA to a qualified charity like the Cathedral of Saint Thomas More. QCDs can be counted toward satisfying your Required Minimum Distributions (RMDs) for the year, as long as certain rules are met.
  A QCD excludes the amount distributed from taxable income, which is unlike regular withdrawals from an IRA. Keeping your taxable income lower may reduce the impact to certain tax credits and deductions, including Social Security and Medicare. Also, QCDs don’t require that you itemize, meaning you may decide to take advantage of the higher standard deduction, but still use a QCD for charitable giving.
  While many IRAs are eligible for QCDs there are requirements.
  • You must be 70½ or older to be eligible to make a QCD.
  • QCDs are limited to the amount that would otherwise be taxed as ordinary income.
  • The maximum annual amount that can qualify for a QCD is $108,000. This applies to the sum of QCDs made to one or more charities in a calendar year. (If, however, you file taxes jointly, your spouse can also make a QCD from his or her own IRA within the same tax year for up to $108,000.)
  • For a QCD to count towards your current year’s RMD, the funds must come out of your IRA by your RMD deadline, generally by December 31.
  Any amount given above your RMD does not count toward satisfying a future year’s RMD. Funds distributed directly to you, the IRA owner, which you then give to charity, do not qualify as a QCD.
• View the diocesan website for information on including the Cathedral in your will or making a stock gift.

Contact Christine Hughes with questions at 703-525-1300, ext. 19 or email.